Question 10 of 10 The most Brendan can afford to pay per year in mortgage payments is
$10,500, and his credit score is currently 544. According to the following table
for a $150,000 mortgage, by how many points would he need to improve his
credit score in order to take a mortgage for $150,000?
FICO
Interest Monthly
Score
Rate Payment
720-850 5.59% $860
700-719 5.7196 $872
675-699 6.25% $924
620-674 7.4096 $1039
560-619 8.5396 $1157
500-559 9.29% $1238
O A. 156 points
O B. 131 points
O c. 16 points
O D. 76 points

24

Step-by-step explanation:

because im insane

answer:

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

explanation:

service only with 20% tip  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

in the opening of the question the word 'service' is associated only with the pretax value.

the closing part of the question asks: how much did she pay for the  

service

−−−−−−  

so technically the answer is  

→

$

72.6

(

1

+

20

100

)

=

$

87.12

however, the intention of the question provider may have been that your answer is to be  

$

87.12

(

1

+

8

100

)

=

$

94.09

to 2 decimal places.

'

payment just for service  

→

$

87.12

payment for service including tax

→

$

94.09

tony b

mar 21, 2017

answer:

trying to explain it another way

explanation:

service charge  

.

→

$

72.60

20% tip  

20

100

×

$

72.60

=

$

14.52

−−−−−−  

←

add

$

87.12

tax  

8

100

×

$

87.12

=

$

6.97

−−−−−  

←

add

$

94.09

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