Suppose you want to purchase a home for $425,000 with a 30-year mortgage at 5.44% interest. Suppose also that you can put down 30%. What are the monthly
payments? (Round your answer to the nearest cent.)
$
What is the total amount paid for principal and interest? (Round your answer to the nearest cent.)
$
What is the amount saved if this home is financed for 15 years instead of for 30 years? (Round your answer to the nearest cent.)
$
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7/30

Answers

Answer 1

Answer:

  a) payment: $1677.99

  b) total repaid: $604,076.40

  c) saved: $168,231.60

Step-by-step explanation:

The amortization formula can be used to find the monthly payment on the loan. The total repaid will be the sum of payments made. The amount saved will be the difference between the total repaid amounts for the different loans.

Amortization formula

The payment A on a loan of principal P at annual rate r for t years is given by ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

Application

The loan of interest is for $425,000 × (1 -30%) = $297,500. Then the payments on a 30 year loan are ...

  A = $297,500(0.0544/12)/(1 -(1 +0.0544/12)^-360) ≈ $1677.99

For a 15-year loan, the payments are ...

  A = $297,500(0.0544/12)/(1 -(1 +0.0544/12)^-180) ≈ $2421.36

a)

The above calculation shows the monthly payment is $1677.99.

b)

The total repaid is the sum of 360 monthly payments:

  360×$1677.99 = $604,076.40

c)

The total repaid is the sum of 180 monthly payments:

  180×$2421.36 = $435,844.80

and the savings is ...

  $604,076.40 -435,844.80 = $168,231.60

__

Additional comment

We are asked to round to the nearest cent. The payment amounts here are accurately calculated to that precision. The total repaid on an actual loan will be slightly different, because the final payment will be slightly different.

The 30-year mortgage will have a slightly lower final payment because the monthly amount is rounded up. The 15-year mortgage will have a slightly higher final payment because the monthly amount is rounded down.

Overall, this means the totals of payments shown here, and their difference, vary slightly from the reality of loans of this kind. (They're probably not accurate to the nearest cent.)

Even using the "exact" payment value may not give the actual loan values. This is because the actual amortization schedule is rounded to the nearest cent each month. The cumulative effect of this rounding seems to be calculable only by figuring the 360 (or 180) actual monthly balance amounts.

We have calculated the answers in the manner we suppose is expected. Producing an actual amortization spreadsheet is a bit more work.

Suppose You Want To Purchase A Home For $425,000 With A 30-year Mortgage At 5.44% Interest. Suppose Also

Related Questions

Green’s Sport Shop offers its salespeople an annual salary of $10,000 plus a 6% commission on all sales above $20,000. Every employee receives a Christmas bonus of $500. What are Mr. Cahn’s total earnings in a year in which his sales amounted to $160,000?

(A) $18,900
(B) $18,400
(C) $19,600
(D) $20,100

Answers

The total earnings for the year is $18,900.

What is the total earnings?

The total earnings is a sum of the annual salary, commission and Christmas bonus.

Commission = 6% x (160,000 - 20,000) =

6% x $140,000

0.06 x 140,000 =  $8,400

Total earnings =  $8,400 + 10,000 + $500 = $18,900

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Help me please with this question

Answers

Answer:

[tex]y = \sqrt{ \frac{\pi \: x - A {}^{} }{\pi} } [/tex]

Step-by-step explanation:

To make y subject of formular, we place y in terms of other variables.

[tex] A = \pi \: x {}^{2} - \pi \: y {}^{2} \\ making \: y \: subject \\ A + \pi \: y {}^{2} = \pi \: x {}^{2} \\ \pi \: y {}^{2} = \pi \: x {}^{2} - A \\ Dividing \: bothsides \: by \: \pi \\ y {}^{2} = \frac{\pi \: x { - A}^{} }{\pi} \\ Squarerooting \: bothsides \\ y = \sqrt{ \frac{\pi \: x - A {}^{} }{\pi} } [/tex]

| 9. The distance between Town A and Town B was 108 km. A car and a van left Town A at 12 00 for Town B. On reaching Town B, the car returned to Town A by the same route. When the two vehicles met, the distance that the car and the van had travelled was in the ratio 7:5. The average speed of the van was 60 km/h. Calculate
a) the time at which the two vehicles met, and
b) the average speed of the car in km/h.


Someone please helppp​

Answers

Answer:

a)  Time until both vehicles meet is 1.5 hours after starting at noon.  That makes it 1:30PM.

b)  Average speed of car is 84 km/h

Step-by-step explanation:

A -----------------------z------------B

          Left      Speed(km/h)      Time

Car:   12PM            X  

Van:   12PM           60

Car/Van

DistanceCar        AB + z

DistanceVan       Az

Ratio:                  (AB+z)/Az  = 7/5

Time until both meet = T (in hours)

Distance Car:            xT

Distance Van:           60T

====

  xT = AB + z

  60T = Az

---

(xT/60T)= (7/5)

x = 60(7/5)

x = 84 km/h

=====

Time for car to reach B is:    time (hr) = 108 km/(84 km/h)

                                                 time = 1.286 hours

Distance for at 1.289 hours is:    distance (km) = (60 km/h)*(1.286 h)

                                                   distance = 77.14 km

At 1.286 hours, the car reverses direction.  The van is (108 km - 77.14 km) or 30.86 km away.

Add the distances travelled by both vehicles after the car reverses direction at 1.286 hours.  The sum will be 30.86 km when they meet, at time of T.

Car Distance + Van Distance = 30.86 km

T(84 km/h) + t(60 km)

They meet when they are 0 km apart, which can be modeled with the following equation:

Van travel Distance - Car Travel Distance = 0 starting at 1.286 hr.

Let t be the time after 1.286 hours that both vehicles meet/collide.

t*(60 km/h)  +  t(84 km/h) = 30.86 km

t(60+84) = 30.86 km

t(144 km/h) = 30.86 km

t = 0.2143 hr

Total time until the car and van meet is 1.286 hr + 0.2143 hr for a total of 1.50 hours.

=================

a)  Time until both vehicles meet is 1.5 hours after starting at noon.  That makes it 1:30PM.

b)  Average speed of car is 84 km/h

==============

CHECK

Is the ratio of the distance travelled by the car and the van until they meet in the ratio of 7/5?

Car distance is (1.5 hr)(84 km/h) = 126 km

Van distance is (1.5 hr)(60 km/h) = 90.0 km

Ratio is 126/90 or 1.4

Ratio of 7/5 is 1.4

YES

     

Determine the number of terms in the sequence: –45, –32, –19, –6, ..., 124.

Answers

Step-by-step explanation:

[tex] - 32 + 45 = 13 \\ t_{n} = ( a_{1} + (n - 1)d) \\ \\ d = 13 \: \: a_{1} = - 45[/tex]

[tex] t_{n} = - 45 + (n - 1)13 = = = > \\ - 45 + 13n - 13 = = = > \\ t_{n} = 13n - 58[/tex]

and now

[tex]124 = 13n - 58 = = = > \\ 182 = 13n = = = > n = 14[/tex]

The number of terms in the sequence: –45, –32, –19, –6, ..., 124 = 9.

The common difference is -45 - (-32)= 13

                                                  d = 13.

What is arithmetic progress?

AP is a sequence of numbers in order, in which the difference among any two consecutive numbers is a constant cost. it's also referred to as mathematics series.

using arithmetic progress:-

last term = (n-1)d

first term(a) = –45

    term = a + (n-1)d

there is a difference of 13, so the sequence will be

–45, –32, –19, –6,7, 20, 33, 46, 59, 72, 85, 98, 111, 124.

∴ number of terms = 9

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The monthly income of a government servant is Rs 77,280 and he gets the festival expense of one month's salary, what is his taxable income? ​

Answers

I don't think this question is complete but here's ur answer

X: -1/2


-6(x-2)


pls i need a result

Answers

Answer:

15

Step-by-step explanation:

First, we can plug -1/2 into the equation and get -6(-1/2 -2). Then, we can convert -2 into a fraction to get -4/2. If we subtract -4/2 from -1/2, we get -6(-5/2). We then multiply this and get 30/2 which simplifies to 15

Does this graph show a function?

Answers

Answer:

I think that is is C

Step-by-step explanation:

The Vertical Line Test determines whether or not a curve on the graph is a function. This one passes the vertical line test because no vertical line can intersect the curve more than once. I hope that helps!

i need help finding all of this stuff

Answers

Answer:

Axis Of Symmetry = -2

Vertex = (1,-2)

Min (0,-2)

Domain = All Real #'s

Range =  Y is greater than or equal to -2

The distance to your uncle's house is 444 miles, and the distance to Atlanta is 555 miles. If it took 12 hours to drive to your uncle's house, how long would you estimate the drive to Atlanta to take

Answers

It takes 15 hours to drive to Atlanta. Using the distance-time-speed formula the required time is calculated.

What is the distance-time-speed formula?

The relation between distance 'd', time 't', and speed 's' is given by the formula,

s = d/t or

d = st or

t = d/s

Calculation:

It is given that,

The distance to uncle's house = 444 miles

The time taken to drive to uncle's house = 12 hours

So,

speed = (444)/12 = 37 miles/hour

Then the time to drive 555 miles(to Atlanta) is calculated by,

time t = (555)/37 = 15 hours

Therefore, it takes 15 hours to drive to Atlanta at 555 miles of distance.

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Function f is a rational function with a y-intercept at (0,2). if g(x) = 4f(x), which point represents the y-intercept of function g?

Answers

Answer:

(0,8)

Step-by-step explanation:

[tex]g(0)=4f(0)=4(2)=8[/tex]

WILL MAKE BRAINLIEST!! Angles a and b are vertical angles. If m

Answers

Answer: 127

Step-by-step explanation:

angle b is 127 as well because they're vertical angles and vertical angles are equal to each other.

What are the two numbers on the upper left and the three on the bottom?

Answers

The computation of the equation shows.that x is -4 and y is 0.6.

How to calculate the value?

4x + 5y = -1

-5x - 8y = 10

The value of x and y will be calculated thus:

-5 × (4x + 5y = -1)

4 × -(5x - 8y = 10)

-20x - 25y = 5

-20x -32y = 40

Add the equation

57y = 45

y = 45/75 = 0.6

Since 4x + 5y = -1

4x + 5(0.6) = -1

4x + 3 = -1

x = -1 - 3

x = -4

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You have a set of 10 cards: five red and five blue. Each group of five colored cards is numbered one through five. What is the probability of drawing a red four and then a blue four, while replacing the card between the drawings?

1/100
1/10
1/20
1/90

Answers

The probability of drawing a red four and then a blue four is:

P = 1/100

How to get the probability?

We know that there are 10 cards in total, then the probability of drawing a red four (there is only one of these cards) is:

p = 1/10

Now we put the red four again, the probability of getting a red blue is computed in the same way:

q = 1/10

The probability for both events happening consecutively is:

P = p*q = (1/10)*(1/10) = 1/100

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Suppose you are asked to compare two functions, A and B. Function A written in slope-intercepts form, y= -3x + 4. Function B is graphed on the coordinate plane and has a greater rate of change but lower y-intercept than function A. Describe what is true about the graph of function B.

Answers

Answer:

Use the slope and one of the points to solve for the y-intercept (b). One of your points can replace the x and y, and the slope you just calculated replaces the m of your equation y = mx + b. Then b is the only variable left. Use the tools you know for solving for a variable to solve for b.

Step-by-step explanation:

The leaning Tower of Pisa was completed in 1372 and makes 86 degree angle with the ground. The tower is 50 meters tall, measured vertically from the ground to the highest point. If you were to climb to the top then accidentally drop your keys, where would you start looking for them? question 5

Answers

Answer:

you would look for them 3.5 meters away from the base

Step-by-step explanation:

so u do tan 86 =50/x

and u solve from there

Machine A produces 300 bolts less than three times the number machine B produces. If
machine A produces 4,800 bolts, then how many does machine B produce?

Answers

Step-by-step explanation:

what is the best definition of luminous

The elimination method is ideal for solving this system of equations. By which number must you multiply the second equation to eliminate the
y-varlable, and what is the solution for this system?
x+3y=42
2x-y=1

Answers

Answers:Triple each side of the 2nd equationThe solution is (x,y) = (45/7, 83/7)  meaning that x = 45/7 and y = 83/7  pair up together. The fractions are reduced as much as possible.

=======================================================

Explanation:

The 3y in the first equation must add to -3y so the y terms go away. We have -y in the second equation, which is why we triple everything in that equation

2x-y = 1 becomes 6x - 3y = 3 after tripling everything. This is the same as multiplying both sides by 3.

This is the updated equivalent system

[tex]\begin{cases}x+3y = 42\\6x-3y = 3\end{cases}[/tex]

Add the terms straight down

x+6x becomes 7x3y+(-3y) becomes 0y or 0. The y variables are eliminated.The right hand sides 42 and 3 add to 45

We have the equation 7x = 45 which solves to x = 45/7.

Unfortunately it doesn't turn into a nice single whole number because 45 isn't a multiple of 7. So I would leave it as a fraction.

Optionally you could note that 45/7 = 6.42857 approximately. But I prefer the fraction form since it's most exact.  

--------------

Use this x value to find y. Pick any equation involving x and y. Plug in that x value and solve for y.

x + 3y = 42

45/7 + 3y = 42

3y = 42 - 45/7

3y = 42*(7/7) - 45/7

3y = 294/7 - 45/7

3y = (294 - 45)/7

3y = 249/7

y = (249/7)*(1/3)

y = 83/7

Like with x, we also don't get a nice whole number.

I used WolframAlpha to confirm the solutions. GeoGebra is another tool you could use.

Additionally, mathematical logic is a subfield of mathematics exploring the applications of formal logic to mathematics. In your initial post for this discussion, address both of the following:What are differences or similarities between everyday logic and mathematical logic?How can the study of mathematical logic help you in your everyday life?

Answers

Mathematical logic is important as it's a way to learn new experience through continuous self assessment.

How to illustrate the information?

Logic is important as it enables us to form sound judgements and beliefs.

The study of logic can help as it can help us to understand disagreement and ambiguity.

It also helps us in making a reasonable emotional life.

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Select the correct answer from each drop-down menu. the endpoints of the longest chord on a circle are (4, 5.5) and (4, 10.5). the center of the circle is at the point , and its radius is units. the equation of this circle in standard form is .

Answers

The equation of this circle in standard form is equal to (x - 4)² + (y - 8)² = 5².

Based on the calculations, the equation of this circle in standard form is equal to (x - 4)² + (y - 8)² = 5²

The equation of a circle.

Mathematically, the standard form of the equation of a circle is given by;

(x - h)² + (y - k)² = r²

Where:

h and k represent the coordinates at the center.

r is the radius of a circle.

The midpoint of the given points represents the center of this circle:

h = (4 + 4)/2 = 4

k = (5.5 + 10.5)/2 = 8

Next, we would determine the radius by using the distance formula for coordinates:

r = √[(x₂ - x₁)² + (y₂ - y₁)²]

r = √[(4 - 4)² + (10.5 - 5.5)²]

r = √[0² + 5²]

r = √25

r = 5 units.

Therefore, the equation of this circle in standard form is equal to (x - 4)² + (y - 8)² = 5².

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35. A can of popcorn is to be packed in a box for shipping as shown. The can is 18 inches tall and has a radius of 7 inches. The box is 19 inches tall and has a square base with sides of length 15 inches. All empty space around the can is to be filled with packing material. How many cubic inches of packing material will be needed?

Answers

The amount of packing material is 1506 cubic inches

How to determine the amount of packing material?

The given parameters are:

Can

Radius, r = 7 inches

Height, h = 18 inches

Box

Base dimension, l = 15 inches

Height, h = 19 inches

The volume of the can is:

[tex]V = \pi r^2h[/tex]

So, we have:

[tex]V_1 = 3.14 * 7^2 * 18[/tex]

[tex]V_1 = 2769[/tex]

The volume of the box is

[tex]V =l^2h[/tex]

So, we have:

[tex]V_2 =15^2 * 19[/tex]

[tex]V_2 =4275[/tex]

The amount of packing material is;

Amount = V2 - V1

This gives

Amount = 4275 - 2769

Evaluate

Amount = 1506

Hence, the amount of packing material is 1506 cubic inches

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Solve for x: -8 < 3x +1 < 13

Answers

[tex]\large\displaystyle\text{$\begin{gathered}\sf \boldsymbol{\sf{-8 < 3x+1 < 13 }} \end{gathered}$}[/tex]

[tex]\large\displaystyle\text{$\begin{gathered}\sf \boldsymbol{\sf{-8+-1 < 3x+1+-1 < 13+-1 \ (Add \ -1 \ to \ all \ parts) }} \end{gathered}$}[/tex]

[tex]\large\displaystyle\text{$\begin{gathered}\sf \boldsymbol{\sf{\frac{-9}{3} < \frac{3x}{3} < \frac{12}{3} \ (Divide \ all \ parts \ by \ 3) }} \end{gathered}$}[/tex]

[tex]\red{\boxed{\large\displaystyle\text{$\begin{gathered}\sf \boldsymbol{\sf{-3 < x < 4 }} \end{gathered}$} }}[/tex]

iteration-Find the first 3 iterates of the function look at pic pls help!!!!!

Answers

The first 3 iterates of the function are D. 3, -3, 9.

How to calculate the value?

The function given is:

f(x) = -2x + 3

= -2(0) + 3

= 3

When x = 3

f(x) = -2x + 3

= -2(3) + 3

= -6 + 3

= -3

When x = -3

f(x) = -2x + 3

= -2(-3) + 3

= 9

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What is the value of x?


Use the triangle to answer the question.
Enter your answer in the box.

x =

Answers

The answer is x= 7 + 18 -9 because the math of the equation is firewall and sound

If three different orders are selected, find the probability that they are all from Restaurant B

Answers

If three different orders are selected, find the probability that they are all from Restaurant B is; 0.026

How to find the probability?

Total orders both accurate and not accurate = 1131

Total orders from restaurant B (both accurate and not accurate) = 337

Probability of first order from B = 337/1131

Probability of second order from B = 336/1130

Probability of third order from B = 335/1129

Probability of the first three orders from B = 337/1131 × 336/1130 × 335/1129

Probability of the first three orders from B = 0.026

Complete question is;

Use the data in the following table , which lists drive - thru order accuracy at popular fast food chains Assume that orders are randomly selected from those included in the table Drive thru Restaurant A B C D Order Accurate 312 277 250 144 Order Not Accurate 32 60 37 19 If three different orders are selected , find the probability that they are all from restaurant A

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Consider a circle whose equation is x2 + y2 – 2x – 8 = 0. Which statements are true? Select three options. The radius of the circle is 3 units. The center of the circle lies on the x-axis. The center of the circle lies on the y-axis. The standard form of the equation is (x – 1)² + y² = 3. The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9.

Answers

Answer:

The radius of the circle is 3 units. TRUE

The center of the circle lies on the x-axis. TRUE

The center of the circle lies on the y-axis. FALSE

The standard form of the equation is (x – 1)² + y² = 3. FALSE

The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9. TRUE

Step-by-step explanation:

x² + y² - 2x - 8 = 0

x² - 2x + y² = 8

Complete the square in x.

x² - 2x + 1 + y² = 9

(x - 1)² + y² = 3²

Center: (1, 0); radius: 3

The radius of the circle is 3 units. TRUE

The center of the circle lies on the x-axis. TRUE

The center of the circle lies on the y-axis. FALSE

The standard form of the equation is (x – 1)² + y² = 3. FALSE

The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9. TRUE

Please help I NEED IT ASAP

Answers

Answer:

she rides her bike at a rate of 8mph during the second part of the trip.

Step-by-step explanation:

for the first part of the trip, she rides 18 miles in 2 hours which means that she bikes at a rate of 9 miles per hour.

subtracting 18 from 58 gives us the distance she biked during the second part of her trip (which is 40 miles). subtracting 2 from 7 gives us that she biked for 5 more hours. Putting this together means she biked 40 miles in 5 hours.

Now divide miles by hours [tex]\frac{40mi}{5hrs} =8mph[/tex] to get your average rate of change for the second part of the trip.

help i’ll give brainliest!

Answers

F would be 1. G would be 4. E would be negative 3

An angle of measure 120 degrees intersects the unit circle at point (-1/2,√3/2) What is the exact value of cos(120)

Answers

The exact value of cos120 if the measure 120 degrees intersects the unit circle at point (-1/2,√3/2) is 0.5

Solving trigonometry identity

If an angle of measure 120 degrees intersects the unit circle at point (-1/2,√3/2), the measure of cos(120) can be expressed as;

Cos120 = cos(90 + 30)

Using the cosine rule of addition

cos(90 + 30) = cos90cos30 - sin90sin30

cos(90 + 30) = 0(√3/2) - 1(0.5)

cos(90 + 30) = 0 - 0.5

cos(90 + 30) = 0.5

Hence the exact value of cos120 if the measure 120 degrees intersects the unit circle at point (-1/2,√3/2) is 0.5

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Answer:

It's -0.5

Explanation:
Answered it

Can someone help me please. (TROLLS WILL BE REPORTED!!!)

Answers

Answer:

B.) 54π units²

Step-by-step explanation:

First, we need to find the height of the cone. We can do this using the Pythagreom Theorem.

a² + b² = c²                              <----- Pythagreom Theorem

3² + b² = 15²                            <----- Insert side lengths

9 + b² = 225                            <----- Solve 3² and 15²

b² = 216                                   <----- Subtract 9 from both sides

b = 14.7 units                          <---- Take square root of 216

Now, we can use the surface area of a right cone equation to find the final answer.

r = 3 units

h = 14.7 units

SA = πr(r + √(h² + r²))                              <----- Surface Area equation

SA = π(3)(3 + √(14.7² + 3²))                     <----- Insert values

SA = π(3)(3 + √(216 + 9))                         <----- Solve 14.7² and 3²

SA = π(3)(3 + √225)                                <----- Add 216 and 9

SA = π(3)(3 + 15)                                     <----- Take square root of 225

SA = π(3)(18)                                            <----- Add 3 and 15

SA = 54π units²                                     <----- Multiply 3 and 18

can someone please help mee (will give brainliest 20 points!!!)

Answers

The graph increases because of the I don’t know y=xb+c-30 because the graph increases by 10
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