Clem's credit score is 733, while ingrid's credit score is 688. according to the
following table for a $150,000 mortgage, how much more would ingrid have
to pay per month than clem?
fico
interest monthly
score
rate
payment
720-850
5.59% $860
700-719
5.71% $872
675-699
6.25% $924
620-674
7.40% $1039
560-619
8.53% $1157
500-559
9.29% $1238

Respuesta :

Ingrid would have to pay 64 per month more than clem.

What is the unitary method?

The unitary method is a method for solving a problem by the first value of a single unit and then finding the value by multiplying the single value.

Given;

fico        interest monthly      score rate

720-850          5.59%             $860

700-719           5.71%              $872

675-699          6.25%             $924

620-674          7.40%              $1039

560-619           8.53%              $1157

500-559          9.29%               $1238

Clem's score is 733 which is 924 on the chart.

Ingrid's score is 688 which allows her to pay 860 per month.

924 - 860 =  64

Hence,

Ingrid would have to pay 64 per month more than clem.

Learn more about the unitary method;

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