At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Get our expert's

answer on brainly

SEE EXPERT ANSWER

Get your **free** account and access **expert** answers to this and **thousands** of other questions.

See more answers at brainly.com

Get this expert

answer on brainly

SEE EXPERT ANSWER

Get your **free** account and access **expert** answers to this and **thousands** of other questions

Okay.

Link??

first two look good so far

question 3 is incorrect

how would i solve that one

what is 1.5% of that mortgage?

multiply?

yeah 0.015 with the mortgage amount

1.5% =0.015

of what?

the $197,000 mortgage

which is 295000

2955

add that onto 2000

since it says "A mortgage broker charges $2000 plus 1.5% of the mortgage amount"

4955

right @jim_thompson5910

yes

anything else that was wrong @jim_thompson5910

there are some here you didn't answer

which ones

is that it or is there more

there are more
basically where you didn't highlight the answer in yellow

I'll be right back

yeah that is my answer the ones i highlighted @jim_thompson5910

are you still checking it @jim_thompson5910

yes no maybe? @jim_thompson5910

yes I'm still checking

ok how can i fix that

go here
http://www.bankrate.com/calculators/mortgages/mortgage-calculator.aspx

look in the last column

165,163.53?

which rounds to 165,164

anything else that is wrong?

take 1% of the mortgage, then multiply by 2.25

1% of 156,000

yeah

3510

any more?

what about the hank and caesar one?

I'm looking at the ones you answered. I'm onto the last one

i answered both hank and caesar?

?????

you didn't mark the answer

some of the questions weren't marked

can you tell me the ones i didn't mark @jim_thompson5910

the other stuff is unmarked, so I'll let you do that part.

which questions tell me the beginning of the question

it's in the doc file. There are a lot that weren't marked

what do you mean without the highlighter?

yeah

there are no yellow highlights

let me highlight them then

i fixed it @jim_thompson5910

ok let me check

ok how can i fix it

i got 10200

wait wait

its 13200

right?

yep

I'm not sure how you got that

how would i fix it

multiply each one right?

yeah and keep in mind 12 months = 1 year

so multiply the years by 12?

and then add the price

yes to convert to months

so then for example i multiply 60 * 2997.75 or add the two

yeah do that for the three lines, then add the results

so i multiply them

then add, yes

i got it. anything else that is wrong?

what answer did you get

1065615.6

good

-n?

yeah the exponent is -n

i got 1682.94

right @jim_thompson5910

i got the same

anything else thats wrong?

still checking

why did you pick $192,063 again? we already went over that one

the one with the balloon mortgage

yeah we did

so be sure to fix that as well

is it 2381.2632443602311616

more like 2381.310317

but close enough

what about the question with hank and caesar

the one with hank, where you picked 570,702, is correct

ceasar?

caesar?

that one i know is wrong

not sure yet

they pulled a mean trick on that one

instead of 0.5% the origination fee is 1%

so what do i do

but you got the right answer (by randomly guessing? lol)
1.75*0.01*110500+2.0*0.01*110500 = 4,143.75

lol yay

check bradley

and the last three of the questions

the Bradley one is correct

the mortgage one?

???

see attached

i will solve it check the next 2

i got 3,455.20

what about the last 2

3,455.20 is correct for that one

did you guess on the last 2 as well?

they are correct

thank you @jim_thompson5910

can you answer one last question for me?

Why it is necessary to prorate expenses? Explain in complete sentences. @jim_thompson5910

tell me what you think

i am not sure @jim_thompson5910

what does prorate mean? any idea?

to disribute money evenly

so what do they mean when they say "prorate expenses" ?

you're on the right track

to distibute such expenses evenly

so why is it necessary to do that?

???

no bc he he already sold the property

that's one example of prorating expenses

so what does this imply like by definition

mortgage insurance is another item that's prorated

like you said: to split up the costs fairly

and the split is based on how long the person has possession of the property

oh ok