Rene and Jefferson Franklin want to purchase a $560,000 home. They plan to make a 25% down payment and finance the remaining
amount through Peabody Savings Association. Peabody has these
closing costs: application fee, $325; credit report, $90; appraisal report,
$555; title insurance, $490; survey and photographs, $325; recording
fee, $65; legal fees, $780; and first 6 months of property taxes, $1,789. If
the seller agreed to pay 50% of the closing costs, how much money will
the Franklins need to secure the loan, including the down payment?

square root

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a

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the answer is 8.64

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the above table 1 will calculate the population size (n) after a certain length of time (t). all you need to do is plug in the initial population number (no), the growth rate (r) and the length of time (t). the constant (e) is already entered into the equation. it stands for the base of the natural logarithms (approximately 2.71828). growth rate (r) and time (t) must be expressed in the same unit of time, such as years, days, hours or minutes. for humans, population growth rate is based on one year. if a population of people grew from 1000 to 1040 in one year, then the percent increase or annual growth rate is 40/1000 x 100 = 4 percent.

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