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An adverse market delivery charge rate depends on the credit score of the borrower, the amount borrowed, and the loan - to - value (

An adverse market delivery charge rate 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 $250,000 with a credit score of 730 and an LTV ratio of 80% will pay 0.75%(0.0075) of $250,000 or $1875. The table below shows the adverse delivery charge for various credit scores and an LTV ratio of 80%. Answer parts (a) through (c).
\table[[Credit Score,Charge Rate],[659,3.5%
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