An adverse market delivery charge rate depends on the credit score of the borrower, the amount...

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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 (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 0.5% (0.005) of $250,000 or $1250. The table below shows the adverse delivery charge for various credit scores and an LTV ratio of 80%. Answer parts (a) through (c). Credit Score Charge Rate 659 3.25% 660-679 2.5% 680-699 1.5% 700-719 1% 720-739 740 0.5% 0.25% (a) Construct a function C = C(s) where C is the adverse market delivery charge and s is the credit score of an individual who wishes to borrow $300,000 with an 80% LTV ratio. $ if s659 if 660 s679 if 680 s699 C(s) = $ if 700 s719 $ if 720s739 if s 740 (Simplify your answers.) (b) What is the adverse market delivery charge on a $300,000 loan with an 80% LTV ratio for a borrower whose credit score is 736? (c) What is the adverse markt delivery charge on a $300,000 loan with an 80% LTV ratio for a borrower whose credit score is 672? 0 of 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 0.5% (0.005) of $250,000 or $1250. The table below shows the adverse delivery charge for various credit scores and an LTV ratio of 80%. Answer parts (a) through (c). Credit Score Charge Rate 659 3.25% 660-679 2.5% 680-699 1.5% 700-719 1% 720-739 740 0.5% 0.25% (a) Construct a function C = C(s) where C is the adverse market delivery charge and s is the credit score of an individual who wishes to borrow $300,000 with an 80% LTV ratio. $ if s659 if 660 s679 if 680 s699 C(s) = $ if 700 s719 $ if 720s739 if s 740 (Simplify your answers.) (b) What is the adverse market delivery charge on a $300,000 loan with an 80% LTV ratio for a borrower whose credit score is 736? (c) What is the adverse markt delivery charge on a $300,000 loan with an 80% LTV ratio for a borrower whose credit score is 672? 0 of