Keith is purchasing a $215,000 home with a 30-year mortgage at 5.5%. because he is not making a down payment, pmi in the amount of $93.50/month is required for the first 2 years of the loan. based on this information, what is the total cost of this loan? a. $452,092.10 b. $444,923.03 c. $441,714.00 d. $421,369.20

$441,714.00

Step-by-step explanation:

Cost of the home = $215,000

Period of the mortgage = 30 years

Rate of Interest = 5.5% = 0.055

PMI = $93.50/ month for 2 years

Total PMI = 93.50 * 24 = $2,244

Mortgage amount to be repaid every month = 215000 divide by

= 215000/176.1218 = 1220.75

Total cost of the loan = 1220.75*360 + 2244 = 439470 + 2244

= $441,714

Hope it helps.

Thank you !!

option 2 is correct.

step-by-step explanation:

we are given two inequality equation

x+y> 5 and -3x+2y< -2

first we draw the graph of both function using t-table method

equation: x+y> 5

for x=0, y=5

for x=-5, y=0

table:

x   :   0     5

y   :   5     0

test point (0,0) , 0> 5

false

equation: -3x+2y< -2

for x=0, y=-1

for x=2, y=4

table:

x   :   0     2

y   : -1       4

test point (0,0) , 0< -2

true

now we draw the graph. see the attachment for graph.

common region would be solution set.

option 2 is correct.