Suppose the price of your dream house is $239,000. The bank requires a 20% down payment and three points at the time of closing. The cost of the home is financed with a 30 year fixed rate mortgage at 10%. a.) Find the required down payment, b.) Find the amount of the mortgage. c.) How much must be paid for the three points at closing? d.) Find the monthly payment (excluding escrowed taxes and insurance) e.) Find the total cost of interest over 30 years.

Answers

Answer 1

a) The required down payment is $47,800.

b) The mortgage loan is $191,200.

c) The amount for the three points at closing is $5,736, which is 3% of the mortgage.

d) The monthly payment (excluding escrowed taxes and insurance) is $-1,677.92.

e) The total interest cost for the mortgage over its 30-year period is $412,850.06.

What is the down payment?

The down payment is an upfront payment required to reduce the mortgage loan and assure the financier that the mortgagee is financially ready to engage in the mortgage transaction.

The price of a dream house = $239,000

Down payment = 20% = $47,800 ($239,000 x 20%)

Mortgage loan = $191,200 ($239,000 - $47,800)

Three points at closing = 3% of $191,200

= $5,736

Periodic Payment:

N (# of periods) 360 months (30 years x 12)

I/Y (Interest per year) = 10%

PV (Present Value) = $191,200

FV (Future Value) = $0

Results:

PMT = $-1,677.92

Sum of all periodic payments = $-604,050.06

Total Interest = $412,850.06

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Related Questions

What is the slope and y-intercept?

y=-5x+6

Options:
Blank # 1
Blank # 2

Answers

The slope (gradient) is -5x
The y intercept (c) is 6

Winston is making a model of a statute using a scale where 2 inches equals 6 feet. If the actual height of
the statue is 20 feet, how tall is the model, in inches?

Answers

Answer:

6  2/3 inches

Step-by-step explanation:

2 inches / 6 feet   * 20 feet = 6 2/3 inches

A tank has two inlet pipes and one outlet pipe. The inlet pipes can fill the tank in 4 hoursand 10 hours. The outlet pipe can drain the tank in 2 hours. One day the outlet pipe was leftopen as the empty tank was being filled. Will the tank ever be full? If so, how long will ittake to fill the tank? If not, explain why not.

Answers

The two inlet pipes can fill the tank in 4 hours and 10 hours.

The work done by the inlet pipes per hour is calculated to be:

[tex]\Rightarrow\frac{1}{4}+\frac{1}{10}=\frac{7}{20}\text{ units per hour}[/tex]

The outlet pipe drains the tank in 2 hours. The work done will be:

[tex]\Rightarrow\frac{1}{2}\text{ units per hour}[/tex]

Therefore, if both inlet pipes and the outlet pipes are opened at the same time, the work done by the pipes combined will be:

[tex]\Rightarrow\frac{7}{20}-\frac{1}{2}=-\frac{3}{20}\text{ units per hour}[/tex]

Since the work done to fill the tank is negative, it means that the tank will never get full as it empties faster than it fills up.

find the distance from line y= -3x + 4 to line y = -3x - 1

Answers

The total distance is 5

100 points asap and brainliest

Answers

Answer:

68

Step-by-step explanation:

Which of these shows the result of using the first equation to substitute fory in the second equation, then combining like terms? y- 3x 3x+ 2y= 18 OA. 3y 18 B. 9x= 18 OC. 6x= 18 OD. 3x= 18 m

Answers

[tex]\begin{gathered} \text{ We have } \\ y=3x, \\ 3x+2y=18 \\ \text{ So, replaceng the value of y, we have} \\ 3x+2(3x)=18 \\ 3x+6x=18 \\ 9x=18 \end{gathered}[/tex]

If the measure of ∠ C A B = 4 x + 14 and ∠ D A E = 6 x − 18 then find the measure of ∠ C A B

CAB and DAE are suplementary

Answers

Measure of CAB is 84.4, by using supplementary angle theory.

What is supplementary angle?

In geometry, two angles are referred to as supplementary angles if their sum is 180 degrees. For instance, if A + B = 180°, then A and B are considered supplementary angles. Complementary angles always result in a straight angle when combined (180 degrees).

Angles that add up to a precise 90 degree angle are said to be complementary. For instance, 30 degrees and 60 degrees are complementary angles.

We have given, CAB= 4x+14 and DAB = 6x-18

Both are supplementary angle

Therefore, CAB + DAB = 180

4x+14+6x-18=180

10x-4=180

10x=176

x=17.6

hence, CAB = 4(17.6)+14 = 84.4

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In the accompanying diagram of BCD m

Answers

Given:

m∠C = 70°

m∠CDE = 130°

Question 1:

To find ∠CDB, let's use the exterior angle theorem.

The exterior angle theorem states that the sum of 2 opposite interior angles is equal to the exterior angle.

Thus,

m∠C + m∠B = 130

70 + m∠B = 130

Subtract 70 from both sides:

70 - 70 + m∠B = 130 -70

m∠B = 60°

Now, use the triangle angle sum theorem to find ∠CDB.

The triangle angle sum theorem states that the sum of interior angles in a triangle is 180°

∠CDB = 180 - 70 - 60 = 50°

∠CDB = 50°

Question 2:

∠CBA = ∠C + ∠CDB

∠CBA = 70 + 50 = 120°

∠CBA = 120°

ANSWER:

∠CDB = 50°

∠CBA = 120°

A quiz consists of two true false questions and two multiple-choice question with three choices each. How many different sets of answers are there?There aredifferent sets of answers.

Answers

We know that

• There are two true/false questions.

,

• There are two multiple-choice questions with three choices each.

In the true/false questions, there are 4 ways to answer since each question has only two choices.

In the multiple-choice questions, there are 6 ways to answer since there are 3 choices per question.

Therefore, there are 10 ways to answer in total.

I tried doing it but the whole thing is confusing

Answers

Given the equation:

y = 828000 - 2700x

Where y is the value of the building and x is the number of months of use.

Let's find when the value of the building will be $666,000.

To find when the value will be $666,000, substitute 666000 for y in the equation and solve for x.

y = 828000 - 2700x

666000 = 828000 - 2700x

Subtract 828000 from both sides:

666000 - 828000 = 828000 - 828000 - 2700x

-162000 = -2700x

Divide both sided by -2700:

[tex]\begin{gathered} \frac{-162000}{-2700}=\frac{-2700x}{-2700} \\ \\ 60=x \\ \\ x=60 \end{gathered}[/tex]

The value of the building will be $666,000 after 60 months.

Now, let's convert from months to years.

Where:

12 months = 1 year

[tex]60\text{ months = }\frac{60}{12}=5\text{ years}[/tex]

Therefore, the value of the building will be $666,000 after 5 years.

ANSWER:

5 years.

7x — 9y = 12—7x – 7y = -28

Answers

In order to solve this system of equations, we can add both equations, this way we can find the value of y and then the value of x:

[tex]\begin{gathered} \begin{cases}7x-9y=12 \\ -7x-7y=-28\end{cases} \\ 7x-9y-7x-7y=12-28 \\ -16y=-16 \\ y=\frac{-16}{-16}=1 \\ \\ 7x-9=12 \\ 7x=21 \\ x=\frac{21}{7} \\ x=3 \end{gathered}[/tex]

So the solution to this system is (3, 1).

The radius of a circle is 14 cm. Find its circumference in terms of pie

Answers

Explanation.

The question wants us to determine the circumference of the circle.

Circumference of a circle simply means the perimeter of a circle, and the formula to be used is

[tex]\begin{gathered} C=2\pi r \\ where \\ r=radius=14cm \end{gathered}[/tex]

At a party, there are 30 men, 16 of whom are without dates, and 30 women, none of of whom are without dates. Find the probability of picking someone at random and getting a person who is a woman or without a date?

Answers

For this type of probability question, there are different ways to solve the same question but let's analyze the situation and calculate as simple as possible.

For our question, there are two parts, the first one first is the probability to pick someone who is a woman. Once there are 60 people of which 30 are women, it means this probability is 30/60. Let's keep this probability.

Now let's move on to the second part. The situation where we pick someone who is without a date. once there are 60 people and all 30 women have a date and 16 men also have a date it means 30 + 16 - 60 = 14 people does not have a date. So the probability to pick someone without a date is 14/60.

Now once we have analyzed the two parts of the question, and we have two probabilities all we need is to sum our probabilities, as follows:

But why do we sum and do not multiply? Because we use the proposition OR at "Find the probability of picking someone at random and getting a person who is a woman OR without a date" If the proposition was AND we would have multiplied both probabilities.

8. Use the point-slope formula to write an equationof a line in slope-intercept form using the points(1/2,5) and (5/2,9)

Answers

We have the next two points:

- (1/2,5)

- (5/2,9)

And we must use the point-slope formula to write an equation of a line in slope-intercept

First, we need to calculate the slope of the line using the point-slope formula

[tex]\begin{gathered} y_2-y_1=m(x_2-x_1) \\ m=\frac{y_2-y_1}{x_2-x_1} \end{gathered}[/tex]

Where (x1, y1) and (x2, y2) are the two points

Now, replacing the points

[tex]m=\frac{9-5}{\frac{5}{2}-\frac{1}{2}}=\frac{4}{\frac{4}{2}}=\frac{4}{2}=2[/tex]

Now, we must replace the slope and one of the two points in the point-slope formula:

[tex]y-y_1=m(x-x_1)[/tex]

Replacing m = 2 and (1/2, 5)

[tex]y-5=2(x-\frac{1}{2})[/tex]

Finally, we must simplify to obtain the slope-intercept form

[tex]\begin{gathered} y-5=2x-1 \\ y=2x-1+5 \\ y=2x+4 \end{gathered}[/tex]

ANSWER:

y = 2x + 4

Given: f(x) =x^2 + 6x + 5Find the x and y value of the vertex (turning point)And what are the zeros of the parabola?

Answers

Solution: X-value of vertex=-3

Y-value of vertex=-4

Zeros of the parabola: X=-5 and x=-1

Analysis

We can find the x-coordinate of the vertex, calculating -b/2a. First, we identify the a and b values of y=ax^2+bx+c of your quadratic equation.

b=6

a=1

[tex]\begin{gathered} -\frac{b}{2a}=-\frac{6}{2(1)}=-3 \\ \\ After\text{ we find x-coordinate, we can find y-coordinate of the vertex replacing x-value.} \\ f(x)=x^2+6x+5\text{ = }^^(-3\text{ }^2)+6(-3)+5 \\ f(x)\text{ = 9}-18+5 \\ f(x)=-4 \end{gathered}[/tex]

Now, let's find the zeros of the parabola. We factorize the quadratic equation:

[tex]\begin{gathered} f(x)=x^2+6x+5 \\ f(x)=(x+5)(x+1) \\ Let^{\prime}s\text{ equal to zero} \\ (x+5)(x+1)=0 \\ (x+5)=\text{ 0 }(x+1)=0 \\ x=-5\text{ }x=-1 \end{gathered}[/tex]

any whole number is a proper subset or rational number

Answers

Answer:

The natural numbers, whole numbers, and integers are all subsets of rational numbers

Step-by-step explanation:

hope it helps

have a good day

3. Given: B is the midpoint of AC, AD = CD
Prove:
DAB = LDCB
Statements
1)
2) AB=CB
3) DB DB
4)
5) ZDAB=2DCB
A
1)
2)
3)
5)
Reasons
D
B
C

Answers

Using the congruency of the triangle we can prove all the conditions.

What do you mean by congruencey of the triangle?

The dimensions of the sides and angles of two or more triangles determine whether they are congruent. A triangle's size and shape are determined by its three sides and three angles, respectively. Two triangles are said to be congruent if pairings of corresponding sides and corresponding angles are equal. They are the exact same size and form.

D is the midpoint of AC

so AB = BC

and also AD = CD

so the triangle ADB is congruent to triangle CDB

Therefore,

angle ADB = angle CDB

angle ABD = angle CBD

angle BAD = angle BCD

Using congruency of the triangle.

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Estimate [tex] \sqrt[3]{20} [/tex] between two integers.

Answers

Answer

∛20 is between 2 and 3.

Explanation

The question asks us to find the cube root of 20.

∛20

The key to doing this without the calculator is to take the cube of numbers and the one that has 20 in between them is the answer.

1³ = 1

2³ = 8

3³ = 27

We can see that 20 is between 8 and 27.

So,the cube root of 20 has to be betwen 2 and 3.

The other way to do this with the calculator is to actually find the cube root of 20

∛20 = 2.71

Which is between 2 and 3.

Hope this Helps!!!

A car that travels from Las Vegas to Los Angeles averages about 60 mi/h. The distance from Las Vegas to Los Angeles is 270 miles. Write a function to represent the distance d remaining on the trip t hours after departure.

Answers

The distance remaining is given by the equation d = 270 - 60t

How to solve an equation?

Speed is the ratio of distance travelled to time taken. It is given by:

Speed = distance / time

Let d represent the distance from Las Vegas to Los Angeles and t represent the remaining time after departure.

A car travels from Las Vegas to Los Angeles at about 60 mi/h. The distance from Las Vegas to Los Angeles is 270 miles.

Hence distance remaining is:

d = 270 - 60t

The distance remaining is d = 270 - 60t

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4626ххXхA school received 46 iPads. The school library took 26 of the iPads and the rest were split equally among 4 teachers to use in theirclassrooms. Using the strip diagram and the letter x to represent the unknown quantity, which equation could be used to find thenumber of iPads each teacher received?A)4x = 46 - 26B)4x +46 +264x - 26 - 46D)4x = 26 + 46

Answers

Given data:

The box is given.

The given expression can be written as,

[tex]\begin{gathered} 26+x+x+x+x=46 \\ 4x+26=46 \end{gathered}[/tex]

Thus, the option (c) is correct.

A coordinator will select 5 songs from a list of 8 songs to compose an event's musical entertainment lineup. How many different lineups are possible?

Answers

The number of lineups possible is the combination of selecting 5 songs from 8 songs.

8C5 = 56.

What is combination?A combination is a mathematical way that evaluates the number of possible arrangements within a collection of items, leaving behind of the order of selection. A combination can select  items in any order. Combinations can be confused with permutations Water is a combination of hydrogen and oxygen. The car interior is available in various color combinations. The formula for  combinations is nC_r = n/(r!*(n - r)!), where n is the number of items and r is the number of items selected at once. Let's look at an example of how combinations are calculated. There are 10,000 possible combinations of the numbers 0-9 in a 4-digit code

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help meeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

Answers

Answer:

74.52

Step-by-step explanation:

[tex]P(10)=0.018(10)^3-0.294(10)^2+3.074(10)+55.180 \\ \\ =74.52[/tex]

The formula S=
2S-a, n
Oan=- n
n(a₁ + an)
2
2S+ a₁n
an-- n
an-2S+a, n+n
a, 2S-a, n+n
gives the partial sum of an arithmetic sequence. What is the formula solved for a,,?

Answers

Answer:

2S-a1n/n

Step-by-step explanation:

S = n(a1 + an)/2

2S = n(a1 + an)

2S = na1 + nan

nan = 2S - na1

an = (2S - n a1)/n

HELP PLEASE.

Either Table A or Table B shows a proportional relationship.


Plot the points from the table that shows a proportional relationship.

( If you can, can you save the image as and edit it it will help me out a lot)

Answers

Answer:  Table A has a proportional relationship

See the diagram below

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

Explanation:

Table A has a proportional relationship because all the points are on the same straight line. That line in this case is y = 2x

Whatever x is, multiply it by 2 and you'll get the y value

Example: If x = 4, then y = 2*x = 2*4 = 8 which gives the point (4,8)

Another phrase for "proportional relationship" is "direct variation".

Length is 3x − 4, area is 6x4 − 8x3 + 9x2 − 3x − 12

Answers

The width of the given rectangle is 2x²-3x+3.

Given that, area of rectangle = [tex]6x^4-8x^3+9x^2-3x-12[/tex] and the length of rectangle = 3x-4.

What is the area of a rectangle?

The area can be defined as the amount of space covered by a flat surface of a particular shape. It is measured in terms of the "number of" square units. The formula to find the area of a rectangle = Length × Width.

Now, (3x-4) × width = [tex]6x^4-8x^3+9x^2-3x-12[/tex]

⇒ Width = [tex]\frac{6x^4-8x^3+9x^2-3x-12}{3x-4}[/tex]

3x-4|[tex]6x^4-8x^3+9x^2-3x-12[/tex]|2x³-3x+3

       [tex]6x^4[/tex] - 8x³

      _________________

                 0+9x²-3x-12

                 (-) 9x²+12x
      _________________

                      0+9x-12

                     (-) 9x(+)12

        _________________

                              0

So, width = 2x²-3x+3

Therefore, the width of the given rectangle is 2x²-3x+3.

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I don’t understand this paper and our sub has no idea, nor the other students so if someone could help me, that would be great.

Answers

By Angle-Angle theorem similarity ΔABC is similar to ΔA'B'C'.

Given two triangles are ABC and A'B'C'.

What is a dilation?

Dilation is the process of resizing or transforming an object. It is a transformation that makes the objects smaller or larger with the help of the given scale factor. The new figure obtained after dilation is called the image and the original image is called the pre-image.

1) Triangle ABC is reduced to triangle A'B'C'

∠ABC=∠A'B'C'=90°

∠BAC=∠B'A'C'

So, by AA similarity

ΔABC≈ΔA'B'C'

2) Triangle ABC is enlarged to triangle A'B'C'

∠ABC=∠A'B'C'

∠BAC=∠B'A'C'

So, by AA similarity

ΔABC≈ΔA'B'C'

Therefore, by Angle-Angle theorem similarity ΔABC is similar to ΔA'B'C'.

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w/2 + 4 is greater than 5

Answers

Answer:

I say w is equal to 4, because:

4 divided by 2 = 2

2 + 4 = 6

6 > 5

Step-by-step explanation:

Hope it helps! =D

please help
Which graph represents the solution set of the system of inequalities?

{y≥12x+1y>−x−2



Responses

A system of 2 linear inequalities graphed on a coordinate plane. The horizontal x axis ranges from negative 5 to 5 in increments of 1. The vertical y axis ranges from negative 5 to 5 in increments of 1. A dashed line passes through begin ordered pair negative 2 comma 0 end ordered pair and begin ordered pair 0 comma negative 2 end ordered pair. A solid line passing through begin ordered pair negative 2 comma 0 end ordered pair and begin ordered pair 0 comma 1 end ordered pair. The region below the solid line and above the dashed line is shaded.

Image with alt text: A system of 2 linear inequalities graphed on a coordinate plane. The horizontal x axis ranges from negative 5 to 5 in increments of 1. The vertical y axis ranges from negative 5 to 5 in increments of 1. A dashed line passes through begin ordered pair negative 2 comma 0 end ordered pair and begin ordered pair 0 comma negative 2 end ordered pair. A solid line passing through begin ordered pair negative 2 comma 0 end ordered pair and begin ordered pair 0 comma 1 end ordered pair. The region below the solid line and above the dashed line is shaded.,

A system of 2 linear inequalities graphed on a coordinate plane. The horizontal x axis ranges from negative 5 to 5 in increments of 1. The vertical y axis ranges from negative 5 to 5 in increments of 1. A dashed line passes through begin ordered pair negative 1 comma negative 1 end ordered pair and begin ordered pair negative 5 comma 3 end ordered pair. A solid line passing through begin ordered pair negative 1 comma negative 1 end ordered pair and begin ordered pair 0 comma 1 end ordered pair. The region above the solid line and above the dashed line is shaded.

Image with alt text: A system of 2 linear inequalities graphed on a coordinate plane. The horizontal x axis ranges from negative 5 to 5 in increments of 1. The vertical y axis ranges from negative 5 to 5 in increments of 1. A dashed line passes through begin ordered pair negative 1 comma negative 1 end ordered pair and begin ordered pair negative 5 comma 3 end ordered pair. A solid line passing through begin ordered pair negative 1 comma negative 1 end ordered pair and begin ordered pair 0 comma 1 end ordered pair. The region above the solid line and above the dashed line is shaded.,

Answers

The graph that represents the system of inequalities is the graph attached below.

How to Determine the Graph of a System of Inequalities?

The graph that would represent the system of inequalities must be two lines that intersect each other and have the exact slope and y-intercept of each of the lines on the graph.

Determine the slope and y-intercept of each of the inequalities, and also determine their boundary lines based on which inequality sign they have.

The line that represents the inequality, y ≥ ½x + 1, will be a solid line that has a slope of ½, and a y-intercept of 1.

The second line that represents the inequality, y ≥ -x - 2, will be a dashed line that has a slope of 1, and a y-intercept of -2.

Therefore, the graph that represents the features stated above for both lines is shown in the diagram below.

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Find the midpoint of the line segment with endpoints (13,-14) and (-13, 10).

Answers

Answer:

(0, -2)

Step-by-step explanation:

Add the x value and divide by 2

[tex]\frac{13-13}{2}[/tex] = [tex]\frac{0}{2}[/tex] = 0

Add the y value and divide by 2

[tex]\frac{-14 + 10}{2}[/tex] = [tex]\frac{-4}{2}[/tex] = -2

find X and Y X - 3 y + 3 15 12

Answers

To solve this problem we have to remember that diagonals of a parallelogram bisect each other. This means that they intersect in the midle point of each other. From this we can conclude that

[tex]\begin{gathered} x-3=15 \\ \text{and} \\ y+3=12 \end{gathered}[/tex]

Once we have our equations we can solve them. Let's find x

[tex]\begin{gathered} x-3=15 \\ x=15+3 \\ x=18 \end{gathered}[/tex]

Now, let's find y

[tex]\begin{gathered} y+3=12 \\ y=12-3 \\ y=9 \end{gathered}[/tex]

Then x=18 and y=9,

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