The following closing costs were paid on a home loan. Closing Cost
Charge
Loan origination
$320
Title insurance
$473
Attorney’s fees
$915
Appraisal
$415
Recording fees
$103
Escrow
$1,318

If the closing costs were 5% of the loan amount, how much was the loan amount?
a.
$62,580
b.
$70,880
c.
$74,424
d.
$177,200

Assume that there is a 11% rate of disk drive failure in a year. a. if all your computer data is stored on a hard disk drive with a copy stored on a second hard disk drive, what is the probability that during a year, you can avoid catastrophe with at least one working drive? b. if copies of all your computer data are stored on four independent hard disk drives, what is the probability that during a year, you can avoid catastrophe with at least one working drive?