10. Sarah finances $549,000 with a 30/6 balloon mortgage at 5.35%. How much will she pay for principal and interest over the life of the loan? (3 points)

$715,175.04

O $713,297.14

O $717,393.12

O $719,607.40

Answers

Answer 1

Answer:

$717,393.12

Step-by-step explanation:

The 30/6 balloon mortgage means that she would make monthly payments for the first six years, while the balance outstanding after 6 years is paid by making one large payment.

The 30 implies that monthly payment should be computed on the basis it is a 30-year mortgage.

Loan amount=monthly payment*(1-(1+r)^-n/r

loan amount=$549,000

monthly payment=the unknown

r=monthly interest rate=5.35%/12=0.004458333

n=number of monthly payments in 30 years=30*12=360

549000=monthly payment*(1-(1+0.004458333)^-360/0.004458333

549000=monthly payment*(1-0.201607475)/0.004458333

549000=monthly payment*0.798392525/0.004458333

monthly payment=549000*0.004458333/0.798392525=$ 3,065.69

Total monthly payments for6 years=$ 3,065.69*12*6=$220,729.68

The ballon payment is the present value of monthly payments for 24 years remaining

Financial calculator:

N=288(24*12)

PMT=3065,69(monthly payment)

I/Y=5.35/12(monthly interest rate)

FV=0(balance after payments is nil)

CPT PV=$496,663.41    

Total payments=$496,663.41  +$220,729.68=$717,393.09  


Related Questions

What is the area of a rectangle with side lengths of 5 12 foot and 2 3 foot

Answers

Answer:

3 2/3ft²

Step-by-step explanation:

Area of a rectangle = Length × Width

Given

Length = 5 1/2 foot

Width = 2/3foot

Substitute

Area of the rectangle = 5 1/2 × 2/3

Area of the rectangle = 11/2×2/3

Area of the rectangle = 22/6

Area of the rectangle = 11/3

Area of the rectangle = 3 2/3ft²

1) Complete the sentences to explain how to multiply 4.56 x 1,000.
Y
1) Click the arrows to choose an answer from each menu.
The number 1,000 has Choose... factors of 10. To multiply 4.56 x 1,000, the
decimal point in 4.56 should be moved Choose... places to the right.
4.56 x 1,000 is equal to Choose...
Done

Answers

Answer:

The decimal point should be moved 3 units to the right, and the result of the multiplication is 4560.

Step-by-step explanation:

Multiplication of a decimal by the nth power of 10:

In this case, the decimal point should be moved n units to the right.

Division of a decimal by the nth power of 10:

In this case, the decimal point should be moved n units to the left.

In this question:

We multiply the decimal 4.56 by 1000.

1000 is the 3rd power of 10, because [tex]10^3 = 1000[/tex]. So the decimal point should be moved 3 units to the right, and the result of the multiplication is 4560.

Let N* be the total number of ranchers in Uruguay, and N(t) be the number of ranchers who have adopted an improved pasture technology there. Assume that the rate of adoption, , is proportional to both the number who have adopted the technology and the fraction of the ranchers who have not (and so are susceptible to conversion). Let a be the proportionality constant.

a. Write down the differential equation modeling N(t).
b. According to Banks (1993), N* = 17000, N(0) = 170, a = 0.5 per year.

Determine how long it takes for the improved pasture technology to spread to 80% of the population of the ranchers.

Answers

Answer:

A) dN / dt = aN( N* - N ) /N*

B) 12 years

Step-by-step explanation:

attached below is a detailed description of the solution

A) Write down the differential equation modelling N(t)

The differential equation of the modelling = dN / dt = aN( N* - N ) /N*

B) Determine how long it takes for improved pasture technology to spread to 80% of the population of the ranchers

firstly we will resolve the ODE and apply partial fractions, integrate and exponentiate before inputting the given data. attached below is a detailed solution

can you pls answer with an explanation
A data set has 100 data points. Enter values to answer each of the questions below.


CLEARCHECK
How many data points are above the median?


How many data points are below the 1st quartile?


How many data points are between the 1st and the 3rd quartiles, or in the interquartile range (IQR)?

Answers

Answer:

d01n6y09r4551gnm3nt5ch3ck

Step-by-step explanation:

Corey need a 24 boards that are 47 1/2 inches long







A. How many feet a boards should he buy? Explains.










B. if you can only buy 8-fot boards, how many should he buy? explain ​

Answers

Answer:

Step-by-step explanation:

1 foot = 12 inches

47.5 inches × (1 foot)/(12 inches) = (47.5/12) feet

24 boards × ((47.5/12) feet)/board = 95 feet

:::::

(8 feet)/board × (12 inches)/foot = (96 inches)/board

96/47.5 = 2 remainder 1

An 8-foot board provides two 47.5" boards, with an inch wasted.

He needs to buy 12 of the 8-foot boards.

Simplify
Plsss hurry

Answers

Answer:

imma say the third one

Step-by-step explanation:

sorry if wrong

Because you want to prepare and serve the healthiest food possible you monitor the fat and calorie continent of items on your menu some of the menu items are included in the graph below. Is the trend line linear if so write a linear equation that represents the trend line

Answers

If there's a graph, maybe I could help...?

How would you write twenty-one thousand six hundred fifty-six in standard form?
27,656
21566
21,665
2165

Answers

Answer:

21,656 is the correct answer.

in my opinion none of the option is correct-_-

ZRDY and _NDA are:

R
Y
N
L
A

Answers

all by complementary (i think)

the measures of the three angles of a triangle is 180
in a triangle, the measures of the three angles are x, x + 18, and x - 6. what is the measure of each angle

Answers

Answer:

X + X +18 + X-6 = 180

3x + 12 = 180

3x = 168

x= 56

x + 18 = 74

x - 6 =50

Step-by-step explanation:

Answer:

56°, 74°, 50°

Step-by-step explanation:

x + x + 18 + x - 6 = 180

3x + 12 = 180

3x = 168

x = 56

56 + 18 = 74

56 - 6 = 50

The quotient of a number is -5 decreased by 9?

Answers

2 the answer is two I put it in the calculator

Two angles of a triangle have measures that total 135 degrees. Which equation can be used to find m, the measure of the third angle? (Hint: The sum of the angles of a triangle is equal to 180°.) Om + 180 = 135 Om 135 =180 m - 135 =180 135m = 180​

Answers

Answer:Phytagorean thereom

Step-by-step explanation:it helps really try it.

Please help me with this question.

Answers

Answer:

A. -g/-8

Step-by-step explanation:

Since there is a negative sign before the fraction -g/8, A would be the best choice because the negative on the problem given is the same as -g/-8. No matter if there's a negative sign before the fraction, both the denominator and numerator would still be negative.

A jar contains 2 blue marbles and 3 red marbles. Al picks 1 marble from the jar without looking. What is the probability that the marble Al picks is blue

Answers

2/5 or 40% he pick a blue marble.

Answer:

there is a 2 out of 3% chance it will be a blue marble.

Step-by-step explanation:

A comic book is marked down 25% off of the original price. The original price was $40. what is the final price after the mark down?​

Answers

Answer:

$30

Step-by-step explanation:

25% of 40 = 10

40-10 = 30

The answer is 10 because 25% of 40 equals ten

Help how do I solve this and what is the answer. Explain plz

Answers

The answer is in the picture below I hope this helps

Match each sum or difference with the correct simplified expression.

(x - 5) - (x - 1)

2x - 4

(x - 5) + (x + 1)

2x - 6

(x - 5) - (x + 1)

4.

(x - 5) + (x - 1)

-6

Answers

Answer:

[tex](x-5)-(x-1)=-4[/tex]

[tex]=2x-4[/tex]

[tex](x-5)+(x+1)=-6[/tex]

[tex](x-5)+(x-1)=2x-6[/tex]

Step-by-step explanation:

In each of the expressions we first need to open the brackets and change the sign according to the sign preceding the bracket. After that we perform simple arithmetic to find the result.

[tex](x-5)-(x-1)=x-5-x+1[/tex]

[tex]=-4[/tex]

[tex](x-5)+(x+1)=x-5+x+1[/tex]

[tex]=2x-4[/tex]

[tex](x-5)-(x+1)=x-5-x-1[/tex]

[tex]=-6[/tex]

[tex](x-5)+(x-1)=x-5+x-1[/tex]

[tex]=2x-6[/tex]

The answers are

[tex](x-5)-(x-1)=-4[/tex]

[tex](x-5)+(x+1)=2x-4[/tex]

[tex](x-5)+(x+1)=-6[/tex]

[tex](x-5)+(x-1)=2x-6[/tex]

Answer:

Step-by-step explanation:

I got it right on edge 2022!

a⋅a⋅c⋅c =
























































Evaluate the expression when a=3.

6+a =

Answer:

Answers

6+3 =9

The answer is 9
replace the a with 3 making it 6+3 which = 9

Given the system of equations. What is the X-value in the solution?
8x+ 3y = 7
4x+ 3y = 5
Answer​

Answers

Answer:

x= 1/2

Step-by-step explanation: 8x+3y=7

                                            -(4x+3y=5)

                                              4x=2, and you get x=1/2

There is a rope hanging from the top of a pole with 3 feet of it lying on the ground. When it is tightly stretched, so that the end just touches the ground, it reaches a point 8 feet from the base of the pole. How long is the rope

Answers

Answer:

length of rope [tex](P+3) =12.167[/tex]

Step-by-step explanation:

From the question we are told that

Length of rope on Ground [tex]L_1=3 feet[/tex]

Length of rope from pole base when stretched [tex]L_2=8feet[/tex]

Given length of pole as P

length of the rope is therefore given by

[tex]P+3[/tex]

Generally the Pythagoras theorem is mathematically given by

[tex]P^2+8^2=(P+3)^2[/tex]

[tex]P^2+64=P^2+9[/tex]

[tex]P=9.167[/tex]

Therefore

length of rope [tex]P=9.167[/tex]

length of rope [tex](P+3) =9.167+3[/tex]

length of rope [tex](P+3) =12.167[/tex]

In the figure below, angle X is 35 degrees. What is the measure of angle Z?

Answers

Answer:

Z = 45 degrees

Step-by-step explanation:

the angle is still an acute angle but it is not a right angle so it must be 45 according to my calculations. plz mark brainliest

Set up an equation and use it to solve for X
(6x + 3)
33°

Answers

9514 1404 393

Answer:

  24

Step-by-step explanation:

The angles of a linear pair are supplementary.

  (6x +3)° +33° = 180°

  6x = 144 . . . . . . . . . . . divide by °, subtract 36

  x = 24 . . . . . . . . divide by 6

Please round to the nearest 100th place

Answers

Answer:

its 14.3, you first have to multiply each side and just work down

х+ Зу = 6
бx — бу = 4

Answers

Answer:

the first one is x= 6-3y or if you are going to solve with the y it will be y =2 - x/3

the second one if you are solving for x it will be x= 2/3 + y if you are solving for y it will be x = 2/3 + x

Step-by-step explanation:

hope this helps

x = 6 - 3y....... equation 1

6x -6y = 4

or, 6 (6 - 3y) - 6y = 4

or, 36 - 18y - 6y = 4

or, 36 - 24y = 4

or, 36 - 4 = 24y

or, 32/24 = y

or, 4/3 = y

help me please!!!!!!!:(

Answers

Answer:

4.15

Step-by-step explanation:

The answers is 4.15 hope this helps

Suppose a researcher is testing to see if a basketball player can make free throws at a rate higher than the NBA average of 75%. The player is tested by shooting 10 free throws and makes 8 of them. In conducting the related test of significance we have a computer applet do an appropriate simulation, with 1000 repetitions, and produce a null distribution. This distribution represents:_______.
A. Repeated results if the player makes 75% of his shots in the long run.
B. Repeated results if the player makes 80% of his shots in the long run.
C. Repeated results if the player makes more than 75% of his shots in the long run.
D. Repeated results if the player makes more than 80% of his shots in the long run.
E. None of these

Answers

Answer: A. Repeated results if the player makes 75% of his shots in the long run.

Step-by-step explanation:

The null distribution is always the opposite of the alternative distribution which in most cases represents the claim or hypothesis which is to be tested or performed. In the scenario given, the challenge is to show that a basketball player has an average higher than that of the NBA. NBA average stands at 75%. The alternative hypothesis is the claim, which is ;

H1 : μ > 75%

THE null is thus :

H0 : μ = 75% ; which means that repeated result of the player will yields an average of 75%

109+20,00 help meeeeee

Answers

Answer:

109+20,00=21,09

Step-by-step explanation:

mhm you already know.

Answers

Answer:

Concave pentagon that is also irregular.

Step-by-step explanation:

Answer:

ehhhh, confusion my guy, confusion!

Step-by-step explanation:

nope, i don't know

Lol

Brainliest though!?

help help meeee!!!!!

Answers

Answer:

The correct answer will be $725

Answer:I believe it is $725

Step-by-step explanation: 12.50(1+0.16)

= 14.5 then 14.5 times 50 = 725

Write the log equation as an exponential equation. You do not need to solve for x.
log (x^2– 5x + 14) = 2x + 4

Answers

9514 1404 393

Answer:

  x^2 -5x +14 = 10^(2x +4)

Step-by-step explanation:

The relationship is ...

  log(a) = b   ⇔   a = 10^b

__

Using this with a=x^2-5x+14 and b=2x+4, we have ...

  x^2 -5x +14 = 10^(2x +4)

_____

Additional comments

In plain text, the exponent needs parentheses, because superscript formatting is not available to tell what is and isn't part of the exponent.

The base of "log" is assumed to be 10 in high school algebra. In the larger world, "log" is often used in place of "ln" to mean the logarithm to base 'e'.

__

The one solution is approximately x = −1.32505947996.

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