Be sure that you show all of your work to reach your answer. Each step must be on a separate line. Your method to reach your answer must be clear and include explanations.

Be sure to only round at the last step for your final answer.


You plan to purchase a house for $525,000 and you will make a 20% down payment. You are evaluating two mortgages a 30-year fixed mortgage at 2.72% and a 15-year fixed mortgage at 2.25%. Your goal is to have a monthly payment that fits within your budget.

a. Which mortgage will give you the lowest monthly payment? What will that payment be? How much less will this be than the other monthly mortgage payment?

b. Assuming you take the full term of the mortgage, which mortgage will result in you paying the most interest? What will that interest be? How much more will this be than the interest on the other mortgage?

R= regular monthly payment
p= amount financed, or principal
r= rate written as a decimal
n= number of payments per year
t= number of years

Needs to be easy to read.

Be Sure That You Show All Of Your Work To Reach Your Answer. Each Step Must Be On A Separate Line. Your

Answers

Answer 1

The mortgage that will give the lowest monthly payment is EMI1 which translates to $ 1,708.16; and method one will require payment of the highest interest.

What is mortgage?

A mortgage is an arrangement between you and a lender that provides the lender the right to repossess your property if you fail to repay the loan plus interest.

Mortgage loans are used to purchase a property or to borrow money against the value of an existing home.

What is the calculation for the above?

Given that:

Total amount = $525,000

Down payment = 20% = 0.2

Method 1: Time is 30 years and rate is 2.72%

Method 2: Time is 15 years  and the rate is 2.25%

Loan amount  = total amount less down-payment

= 525,000  - (0.2 * 525,000)

= $420, 000

Using Method 1

Given that t = 30 year or 360 months

r = 2.72% or 0.0272

EMI1 =  [ 420, 000 * (0.0272/12) * ( 1 + (0.0272/12)³⁶⁰]/ [( 1 + (0.0272/12)³⁶⁰ -1]

= [952  * 2.259]/1.259

EMI1 = $ 1,708.16

Using Method 2

t = 15 years or 180 months

Rate = 2.25% or 0.0225

EMI2 =  [420,000 * (0.0225/12) * ( 1 + (0.0225/12)¹⁸⁰]/ [( 1 + (0.0225/12)¹⁸⁰ --1]

= [787.5 * 1.401]/0.401

EMI2 = $2,751.34

Assuming you take the full term of the mortgage, which mortgage will result in you paying the most interest?

Method 1

Interest = EMI1 x total months - loan amount

=  1,708.16 x 360 - 420,000

= $194, 937.6

Method 2

Interest = EMI2 x total months - loan amount

2,751.34 x 180 - 420,000

= $75,241.2

From the above method 1 requires the highest interest.

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Related Questions

What is the value of "y" that satisfies the expression below?

5 y + 14 = 9 ( 3 y + 1 )

Round your answer to 2 decimal points (i.e. #.##)

Answers

Answer:

0.23

Step-by-step explanation:

5y+14=27y+9

14-9=27y-5y

5=22y

dividing through by 22

y=0.23

Simplify the expression.

Answers

[tex]\huge\boxed{4x}[/tex]

Start by simplifying the power.

[tex](5x)^3=5^3x^3=125x^3[/tex]

[tex]\dfrac{500x^4}{125x^3}[/tex]

Cancel out the common factor of [tex]125[/tex].

[tex]\dfrac{4x^4}{x^3}[/tex]

Finally, cancel out the common factor of [tex]x^3[/tex].

[tex]\boxed{4x}[/tex]

Solve for t in this equation and show steps please d = vt + 1/2(a)(t^2)

Answers

The equation can be rewritten as (1/2)at2 + vt - d = 0

This is a quadratic equation in the variable t, which can be solved by using the quadratic formula.

t = [-v ± √(v2 - 4(1/2)(a)(-d))]/(2(1/2)(a))

= [-v ± √(v2 + 2ad)]/a

Find the equivalent fraction of 12/25 having a.n=60 and b.

Answers

The equivalent fraction of 12/25 is 24/50

How to determine the equivalent fraction?

The fraction is given as:

Fraction = 12/25

Multiply the fraction by 1

Fraction = 12/25 * 1

Express 1 as 2/2

Fraction = 12/25 * 2/2

Evaluate the product

Fraction = 24/50

Hence, the equivalent fraction of 12/25 is 24/50

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Renee is correct. The equations are the same when the line goes through the origin. y = mx + b is a more general form of y = mx.

If the line goes through the origin, then b = 0, so y = mx + b is y = mx + 0 or y = mx.

Answers

The equations are the same when the line goes through the origin. y = mx + b is a more general form of y = mx. Therefore, Renee is correct.

The given statement is "The equations are the same when the line goes through the origin. y = mx + b is a more general form of y = mx".

What is the origin?

The point where the reference axes in a coordinate system meet. The values of coordinates are normally defined as zero.

The equation of the line is y = mx + b.

If the line goes through the origin, then b = 0, so y = mx + b is y = mx + 0 or y = mx.

The equations are the same when the line goes through the origin. y = mx + b is a more general form of y = mx. Therefore, Renee is correct.

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a. Write an ordered pair: (t, value), in which t is time from purchase and value is the current value of the car. In this case, it would be (0, Total Cash Price).
3. Find the amount of depreciation in 1 year. Determine the average rate of change (slope) in one year.
a. Write an ordered pair for the 1 - year value, which is (1, value after 1 year).
4. Find the total depreciation after 5 years.
a. Write an ordered pair for the 5 - year value, which is (5, value after 5 years).
5. Determine the following two average rates of change (slope) in the value of the car.
a. Average rate of change over 1 year
b. Average rate of change over 5 years
6. What is the practical meaning of the average rate of change over 5 years?

Answers

The value of the car decreases by $1430 per year over 5 years

The initial ordered pair

The given parameters are:

Total Cash Price: $13,7551 year depreciation: $1,811

So, the ordered pair is (0, 13,755)

The amount in depreciation after 1 year

In (a), we have:

Total Cash Price: $13,7551 year depreciation: $1,811

The difference in the amounts is

Difference = 13755 - 1811

Difference = 11944

So, the ordered pair is (1, 11,944)

Total depreciation after 5 years

We have:

5 year depreciation = $7,150

The difference in the amounts is

Difference = 13755 - 7150

Difference = 6605

So, the ordered pair is (5, $6,605)

Average rates of change

This is calculated as:

m = (y2 - y1)/(x2 - x1)

Over 1 year, we have:

m = (13,755-11,944)/(0-1)

m =-1811

Over 5 years, we have:

m = (13,755-6605)/(0-5)

m =-1430

The meaning of the average rate of change over 5 years

The average rate of change over 5 years is -1430

This means that the value of the car decreases by $1430 per year

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Missing information in the question

Total Cash Price: $13,755

1 year depreciation: $1,811

5 year depreciation: $7,150

why is the derivative of a constant zero ​

Answers

A constant function is exactly that - constant - meaning it exhibits no change whatsoever with respect to any change in its input. If [tex]f(x) = 1[/tex], then it doesn't matter what value of [tex]x[/tex] I give you, the value of [tex]f(x)[/tex] will always be nothing other than 1.

That the derivative of such a function is zero follows immediately from the definition of the derivative. If [tex]c\in\Bbb R[/tex] and [tex]f(x) = c[/tex], then

[tex]f'(x) = \displaystyle \lim_{h\to0}\frac{f(x+h)-f(x)}h = \lim_{h\to0} \frac{1 - 1}h = \lim_{h\to0}\frac0h = 0[/tex]

Can anyone explain this answer, I'll give brainliest.
Where does the 0.693 and 2.303 come from?

Answers

The constants 0.693 is the natural log of 2 and the constant 2.303 is the multiplicative factor of converting log of a number to the natural log of that same number.

What are 0.693 and 2.303 used for?

It follows from the task content that the calculation involves the use of the half-life of radioactive materials formula.

Hence, the constant 0.693 is the real number value of ln(2). Additionally, the constant 2.303 as used by convention is used to convert log value of a number x to its natural log value. Hence,. it follows that the relation which holds true is; ln(x) = 2.303 × log(x).

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Chana and Josiah started skating at the same time in the same direction, but Josiah had a head start 10 meters past the starting line. Chana skated 3 meters per second and Josiah skated 2 meters per second.

ANSWER:
CORRECT (SELECTED)
Josiah's distance from the starting line at a time when he is behind Chana
Point F is on line a, so it does represent Josiah's distance at a certain time. Also, point F is below line b, so it represents a distance that is less than Chana's distance.

Answers

Point F is on line a, so it does represent Josiah's distance at a certain time. Also, point F is below line b, so it represents a distance that is less than Chana's distance. This is a distance-time graph problem.

What is the proof for the above?

Recall that Josiah had a head start of 10 meters and he skates at 2 meters per second.

Since Y is the function that represents the distance in meters from the finished line, by observation, it is clear to see that all the factors that are related to his race are adequately represented in:

y = 10 + 2x

Where 10 is the head start in meters

2 is the rate at which he skates per second; and

x is the unknown amount of time in seconds.

Given that the point F sits over 25 seconds,

that is F(y) = 10 + 2 * 25

= 60 meters.

Hence, Point F is on line a, so it does represent Josiah's distance at exactly 25 seconds.

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what is w? 11w= 12 please be quick with the response.

Answers

Answer:

1.090909090909091

Step-by-step explanation:

12/11 = 1.090909090909091

W = 1.090909090909091

Answer:

w = [tex]\frac{12}{11}[/tex]

Step-by-step explanation:

11w = 12 ( isolate w by dividing both sides by 11 )

w = [tex]\frac{12}{11}[/tex]


For a normally distributed data set with a mean of 830 and a standard deviation of 96.7, calculate the z-score for a
data point of 915.

Answers

Answer:   0.8790072 approximately

Round this however your teacher instructs.

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

Work Shown:

mu = 830 = mean

sigma = 96.7 = standard deviation

x = 915 = given raw score we want to convert

z = (x - mu)/sigma

z = (915 - 830)/(96.7)

z = (85)/(96.7)

z = 0.8790072 approximately

Dont Really need explanation Simply answer Just I didn’t understand Maybe I can get help

Answers

Based on the calculations, Tart & Sweet's total profit from April to June is equal to -2 dollars.

What is a bar chart?

A bar chart can be defined as a type of chart that is used for the graphical representation of a data set, especially by using rectangular bars or vertical columns.

In order to determine Tart & Sweet's total profit, we would simply add the amount of money (in dollars) generated from April to June as follows:

April = -8.May = 2.June = 4.

Total profit = -8 + 2 + 4

Total profit = -$2.

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Identify the type of sequence and write the recursive rule −1,−2,−4,−8,

Answers

Find the missing side length of each triangle. Round to the nearest tenth if necessary.
c) b=5.1 m, c=12.3 m, a=[1] m

look at this system of exquations. y=2x-1 4x +y=2 which shows a correct step using substitution to solve the system of equations?

Answers

The solution to the system of equations is x = 0.5, y = 0

How to solve the system of equations?

The system of equations is given as:

y = 2x-1

4x + y=2

Substitute y = 2x-1  in 4x + y=2

4x + 2x-1  =2

Evaluate the like terms

6x = 3

Divide by 6

x = 0.5

Substitute x = 0.5 in y = 2x-1

y = 2 * 0.5 - 1

Evaluate

y = 0

Hence, the solution to the system of equations is x = 0.5, y = 0

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A rectangle is removed from a right triangle to create the shaded region shown below. Find the area of the shaded region.

Answers

The area of the shaded region is 29.5 square yards.

The following calculations are to be done:

Area of the triangle:

Base of the triangle is

= 5 + 4

= 9 yard.

Height of the triangle = 6 + 5  

Height of the triangle= 11 yards.

The area of the triangle is,

[tex]\ Area \ of \ the\ rectangle=\frac{1}{2} \times height\times base[/tex]

[tex]\ Area \ of \ the\ rectangle=\frac{1}{2}\times 9\times 11[/tex]

= 49.5 square yards.

What is the formula for the area of a triangle?

Area of the rectangle:

[tex]=Length\times width[/tex]

[tex]=4\times 5[/tex]

= 20 square yards.

Now finally the shaded region should be

= 49.5 square yards - 20 square yards

= 29.5 square yard

Therefore we can conclude that the area of the shaded region is 29.5 square yards.

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In a recent year, 27.2% of all registered doctors were female. If there were 55,900 female registered doctors that year, what was the total number of registere doctors? Round your answer to the nearest whole number. In a recent year , 27.2 % of all registered doctors were female . If there were 55,900 female registered doctors that year , what was the total number of registere doctors ? Round your answer to the nearest whole number .​

Answers

it's B why they need me to write something long the answer is ez B

Step-by-step explanation:

it f common sense

find the measure of the exterior angle x

Answers

The measure of the exterior angle x is 90°.

We need to find the measure of the exterior angle x.

What is the exterior angle theorem formula?

An exterior angle of a triangle is equal to the sum of its two opposite non-adjacent interior angles.

Now, x°=∠A+∠B

x°=30°+60°=90°

Therefore, the measure of the exterior angle x is 90°.

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In isosceles ∆ABC, points M and N belong to base
BC
so that BM = CN. Prove:

∆BAM ≅ ∆CAN
∆AMN is an isosceles triangle.

Answers

From the statements and reasons given below as regards the Isosceles Triangle, we have been able to prove that; ∆BAM ≅ ∆CAN

How to prove an Isosceles Triangle?

Isosceles Triangle means that two sides of the triangle are equal and also 2 angles are equal.

Now, we are told that triangle ABC is an Isosceles and as such, AB and AC are congruent.

We are given that BM and NC are congruent. Now, due to the fact that Triangle AMN is an isosceles triangle, it means that the sides AM and AN are congruent to each other.

Thus, from the proofs above and from the definition of the isosceles Triangle, we can say that triangles BAM and CAN are congruent.

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Answer & Step-by-step explanation:

To prove ∆BAM ≅ ∆CAN:

1. Given that ∆ABC is an isosceles triangle with base BC, and BM = CN, we know that AB = AC.

2. Using the Side-Angle-Side (SAS) congruence criterion, we can show that ∆ABM and ∆ACN are congruent.

3. Therefore, corresponding angles ∠BAM and ∠CAN are congruent.

4. Similarly, ∠BMA and ∠CNA are congruent.

5. By showing that corresponding angles in ∆ABM and ∆ACN are congruent, we can conclude that ∆BAM ≅ ∆CAN.

To prove ∆AMN is an isosceles triangle:

1. From the given information, we know that BM = CN.

2. By proving ∆BAM ≅ ∆CAN, we have shown that ∠BAM ≅ ∠CAN.

3. Since ∠BAM and ∠CAN are congruent, we can conclude that ∠BAN ≅ ∠CAM using the Transitive Property of Congruence.

4. By establishing that ∠BAN ≅ ∠CAM, we can conclude that ∆AMN is an isosceles triangle because it has two congruent angles.

Melissa's mother asked her to buy a gallon of milk at the store. The store only had quarts of milk. How many quarts of milk does Melissa need to buy?

Answers

Answer:

4 quarts of milk

Step-by-step explanation:

4 quarts = 1 gallon

so, melissa needs to buy 4 quarts

x f(x)
0 24
1 12
2 6
3 3

Answers

The table represents an exponential function given by:

[tex]f(x) = 24*(1/2)^x[/tex]

Is the function exponential or quadratic?

Here we have the table:

x    f(x)

0    24

1      12

2      6

3       3

First, notice that for each unit that x increases, the value of f(x) decreases by its half.

This is clearly an exponential equation, whose base must be equal to (1/2).

And because when x = 0, f(0) = 24, we know that the initial value of the function is 24.

Then the exponential function is:

[tex]f(x) = 24*(1/2)^x[/tex]

Such that:

[tex]f(0) = 24*(1/2)^0 = 24\\\\f(1) = 24*(1/2)^1 = 12\\\\f(2) = 24*(1/2)^2 = 24*(1/4) = 6\\\\f(3) = 24*(1/2)^3 = 24*(1/8) = 3[/tex]

Concluding, the table represents an exponential function.

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Find f(2) and f(a + h) when f(x) = 3x2 + 2x + 4.

Answers

Step-by-step explanation:

[tex]f(x) = 3 {x}^{2} + 2x + 4[/tex]

[tex] \: [/tex]

[tex]f(2) = 3. {2}^{2} + 2.2 + 4[/tex]

[tex]f(2) = 3.4 + 4 + 4[/tex]

[tex]f(2) = 12 + 8[/tex]

[tex]f(2) = 20 \\ [/tex]

[tex] \: [/tex]

[tex]f(a + h) = 3 {(a + h)}^{2} + 2.(a + h) + 4[/tex]

[tex]f(a + h) = 3( {a}^{2} + 2ah + {h}^{2} ) + 2a + 2h[/tex]

[tex]f(a + h) = 3 {a}^{2} + 6ah + 3 {h}^{2} + 2a + 2h + 4[/tex]

[tex]f(a + h) = 3 {a}^{2} + 3 {h}^{2} + 6ah + 2a + 2h + 4[/tex]

Evaluate the fraction for x = 0. (x-1)² (1-x)² 01 0-1 02​

Answers

Evaluating the given algebra fraction (x - 1)²/(1 - x)² at x = 0 gives; 1

How to Evaluate Algebra Fractions?

We want to evaluate the algebra fraction;

(x - 1)²/(1 - x)² at x = 0.

Now, let us first break down the expression to get;

[(x - 1) * (x - 1)]/[(1 - x) * (1 - x)]

At x = 0, we have;

[(0 - 1) * (0 - 1)]/[(1 - 0) * (1 - 0)]

⇒ (-1 * -1)/(1 * 1)

⇒ 1

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Now, he wants to wrap it with wrapping paper. If the length of the shoebox measures 10 in, the width measures 5 in, and the height measures 3 in, how much wrapping paper does he need to cover the shoebox?

Answers

The amount of wrapping paper he need to cover the shoebox is 190 square inches

Surface area of a box

The formula for calculating the surface area of a box is expressed as:

SA = 2(lw + wh + lh)

where

l is the length

w is the width

h is the height

Given the following parameters

l = 10in

w = 5in

h =3in

Substitute

S = 2(10*5 + 5*3 + 10*3)

S = 2(50+15+30)

S = 2(95)

S = 190 square inches

Hence the amount of wrapping paper he need to cover the shoebox is 190 square inches

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Find the value of x.

x = 2
x = 3
x = 33
x = 52

Answers

The answer is B.

x=3
yeah its i got it right x=3

Solve the following equation for m.
F=mv^2 / r

Answers

Answer:

Step-by-step explanation:

F = [tex]\frac{mv^2}{r}[/tex]

mv² = Fr

m = [tex]\frac{Fr}{v^2}[/tex]

Two parallel lines are cut by a transversal. What is the measure of angle 6?

Answers

[tex]\huge\boxed{\textsf{D.}\ 57^\circ}[/tex]

We know that angles 1 and 2 are supplementary angles that add up to 180 degrees.

Solve for angle 2:

[tex]\begin{aligned}\angle1+\angle2&=180^\circ\\123^\circ+\angle2&=180^\circ\\123^\circ-123^\circ+\angle2&=180^\circ-123^\circ\\\angle2&=57^\circ\end{aligned}[/tex]

We also know that angles 2 and 6 are corresponding angles, so they are equal to each other. This means that angle 6 is also 57 degrees.

For more information on this topic, search the Internet. There are many great resources on transversal lines and angles out there that expand on the few details I shared here.

I NEED THE ANWERS QUICK PLS THANK YOU

Answers

Answer:

76 sqcm.

Step-by-step explanation:

2(5 x 2) + 2(5 x 4) + 2(4 x 2) = 2(10) + 2(20) + 2(8)
                                             =  20 + 40 + 16
                                             =  76

In the diagram, line I and line m are parallel lines cut by transversal n.
b
a
n
m

Answers

The measure of both the interior angles are 70 and 110 degree.

What are Parallel Lines ?

Lines they never intersect with each other and the distance between them always remains same are called parallel lines.

It is given that

Line l and m are parallel lines and are intersected by a transversal ,n

Interior angles of the same side are (2x−8) degree and (3x−7) degree

Applying the property of interior angles of parallel lines

2x -8 + 3x - 7 = 180 degree

5x -15 = 180

5x = 195

x = 39 degree

Both the angles have measure of

2 * 39 - 8 = 70 degree

3 * 39 -7 = 110 degree

Therefore the measure of both the angles are 70 and 110 degree.

The complete question is

Two parallel lines l and m are cut by a transversal  n . If the interior angles of the same side of n are (2x−8) degree and (3x−7) degree  , find the measure of each of these angles.

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Find the non-extraneous solutions of the square root of the quantity x plus 6 minus 5 equals quantity x plus 1

Answers

The non-extraneous solutions are -6 and -5.

How to find non-extraneous solutions?

By checking these solution values in the original equation.

[tex](x+6)^{1/2}-5=x+1\\(x+6)^{1/2}=x+6\\((x+6)^{1/2})^2=(x+6)^2\\x+6=x^2+12x+36\\0=x^2+11x+30\\(-11+(11^2-4(1)(30))^{1/2})/2\\(-11+((1)^{1/2})/2\\(-11+1)/2=-5\\(-11-1)/2=-6\\((-6)+6)^{1/2}-5=(-6)+1\\(0^{1/2})-5=-5[/tex]

Thus, -6 is non-extraneous.

[tex]((-5)+6)^{1/2}-5=(-5)+1\\(1^{1/2})-5=-4\\1-5=-4\\-4=-4[/tex]

Thus, -5 is non-extraneous.

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Which expression is a non-real complex number?
-4 +√7
3
1 + √²
5-√15
27
28

Answers

The expression that represents a complex number is the one in the second option.

[tex]\frac{2}{3} + \sqrt{-\frac{27}{28} }= \frac{2}{3} + \sqrt{\frac{27}{28} } i\\[/tex]

Which expression is a non-real complex number?

Remember that the complex number i is given by:

[tex]i = \sqrt{-1}[/tex]

So we have complex numbers when we have negative arguments inside of square roots.

In this particular case, the only option with a negative argument on a square root is on the second option:

[tex]\frac{2}{3} + \sqrt{-\frac{27}{28} } \\\\\frac{2}{3} + \sqrt{-1} *\sqrt{\frac{27}{28} } \\\\\frac{2}{3} + \sqrt{\frac{27}{28} } i\\[/tex]

We conclude that the correct option is the second one.

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Answer:

(2)/(3)+\sqrt(-(27)/(28))

Step-by-step explanation:

Plato/Edmentum

Other Questions
On a statistic exam, a class of 25 students had a mean score 75.2 and a standard deviation of 5.7. using the empirical rule, what would be the range of scores for 95% of the class? An empty plastic or glass dish being removed from a microwave oven can be cool to the touch, even when food on an adjoining dish is hot. How is this phenom- enon possible? What volume of carbon dioxide in liters could be generated at 0.96 atm and 362. K by the combustion of 228.85 grams of oxygen gas excess pentane gas (C5H12)?C5H12(g) + 8 O2(g) ---> 5 CO2(g) + 6 H2O(g)(OR C5 H12 ("g") + 8 O2 ("g") right arrow 5 C O2 ("g") + 6 H2 O ("g")Do not type units with your answer factorizacion de x^4+12x^3-64x^2=0 did not eat breakfast this morning before she headed out to class. As a result the hormone ________ will be released by her _________ in an effort to raise blood glucose levels. Round these numbers as shown.(i) 0.0975 to 1 d.p() 58.361 to nearest whole number(in) 145676 to nearest 1000 (iv) 22567 to nearest 100 A large glass marble is added to the displacement can. 20 3 of water overflows into a beaker, and the displacement can now has a mass of 872 .Calculate the density of glass. Find the measure of eachangle in the isoscelestrapezoid.DA136B The circumference of a circular garden is 141.3 feet. What is the radius of the garden? Use 3.14 for and do not round your answer. HELP PLS!!!!!!!!!!!!!!!!!!!!!!!!! HELP PLS BRAINLIEST IF POSSIBBLEfactor each polynomial completely a^2-ab-8a+8a brainly Set local ground level to 700 ft, and record the inches of mercury.What is the altimeter reading in inches of mercury (from the Kollsman window)? Angles AandB are complimentary. Angle A measures x. Angle B measures (2 x +9) what is the value of x help me pleaseeeeeeeeeeeeeeeeee Magnesium has an HCP crystal structure, a c/a ratio of 1.635, an atomic weight of 24.305 g/mol, and a density of 1.74 g/cm3. Compute the atomic radius for Mg. Please help. I just need to know what the missing side is. Solve the triangle. A = 52, b = 10, c = 7 (5 points) When Chevy drew inspiration from Tesla to develop its electric vehicle, the Bolt, it was an example of using Blank______ for new product-ideas. What proportion could you use to find the value of x In the bohr model of the hydrogen atom, the energy required to excite an electron from n = 2 to n = 3 is _______________ the energy required to excite an electron from n = 3 to n = 4?