Alender estimates the closing costs on a home loan of $50,000 as listed below. closing cost charge loan origination $200 title insurance $530 attorney’s fees $600 appraisal $265 inspection $575 recording fees $130 escrow $800 if the lender's good faith estimates are accurate, are they a reasonable amount for closing costs? why or why not? a. yes, because the lender esitmated 3.08% of the home loan in closing costs which falls between 3 - 5%. b. yes, because the lender estimated 4.6% of the home loan in closing costs which does not fall between 3 - 5%. c. no, because the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%. d. no, because the lender estimated 17.7% of the home loan in closing costs which does fall between 3 - 5%.

The correct option is c.

Step-by-step explanation:

The amount of home loan is $50,000.

Closing Cost Charge Loan origination $200 Title insurance $530 Attorney’s fees $600 Appraisal $265 Inspection $575 Recording fees $130 Escrow $800.

The total of estimated closing cost is

The percent formula,

Therefore the estimated closing cost is 6.2% of home loans.

Since the lender estimated 6.2% of the home loan in closing costs which does not fall between 3 - 5%, therefore the they are not a reasonable amount for closing costs. Option c is correct.

the required function is .

step-by-step explanation:

from the given table it is noticed that the graph passing through (-3,7), (0,4), (3,1) and (8,-4).

it is a linear function because the value of y is decrease by one as the value of x increase by 1.

the slope of the function is

the slope of the function is -1 and the y-intercept is 4.

the slope intercept form is

where, m is slope and b is y-intercept.

therefore the required function is . the graph of this function is shown below.