Mortgage Fees Fannie Mae charges a loan-level price adjustment (LLPA) on all mortgages, which represents a fee homebuyers seeking a loan must pay. The rate paid depends on the credit score of the borrower, the amount borrowed, and the loan-to-value (LTV) ratio. The LTV ratio is the ratio of amount borrowed to appraised value of the home. For example, a homebuyer who wishes to borrow
Construct a function
What is the LLPA on a
What is the LLPA on a
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Precalculus: Concepts Through Functions, A Unit Circle Approach to Trigonometry (4th Edition)
- Grade Point Average In many universities students are given grade points for each credit unit according to the following scale: A 4 points B 3 points C 2 points D 1 point F 0 point For example, a grade of A in a 3-unit course earns 43=12 grade points and a grade of B in a 5-unit course earns 35=15 grade points. A students grade point average GPA for these two courses is the total number of grade points earned divided by the number of units; in this case the GPA is (12+15)8=3.375. a Find a formula for the GPA of a student who earns a grade of A in a units of course work, B in b units, C in c units, D in d units and F in f units. b Find the GPA of a student who has earned a grade of A in two 3-unit courses, B in one 4-unit courses and C in three 3-unit courses.arrow_forwardGrade Point Average In many universities students are given grade points for each credit unit according to the following scale: A4 points B3 points C2 points D1 points F0 points For example, a grade of A in a 3-unit earns 43=12 grade points and grade points and a grade of B in a 5-unit course earns 35=15 grade points. A student’s grade point average (GPA) for these two courses is the total number of grade points earned divided by the number of units; in this case the GPA is (12+15)/8=3.375 . (a) Find a formula for a GPA of a student who earns a grade A in a units of course work, B in b units; C in c units, D in d units, and F in f units. (b) Find a GPA of a student who has earned a grade of A in two-units courses. B in one 4-unit course, and C in three 3-unit courses.arrow_forward
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