Chris is making a pennant in a shape of a triangle for his senior class photo. He wants the base of this triangle to be 4 inches. The area of the pennant must be 16 square inches

The formula for finding the area of a triangle 1/2 base * height. This time, we know the base and the area, so we have to find the height. Let's say the variable h represents height. 1/2 (4) * h = 16. 2 * h = 16. If you divide both sides of the equation by 2, you get h = 8. Therefore, the height of the triangle must be 8 inches with a base of 4 inches to get an area of 16 square inches. You can double check by doing: 1/2 (4) * 8 = 16. To check if its correct, solve it to get 2 * 8 is 16, which is accurate.

explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.