The smiths were just approved for a 25 year mortgage at an 11% fixed rate. if they had not filed bankruptcy in the past, they could have gotten a rate of 7%. if their loan amount is $128,000, how much more per month will the smiths be paying for their mortgage as a result of their bankruptcy? a. $349.86 b. $125,840.78 c. $904.68 d. $235.09 please select the best answer from the choices provided a b c d

Answers

Answer 1

The increase in monthly amortization has result of higher interest rate is $349.86.

We have given ,the smiths were just approved for a 25 year mortgage at an 11% fixed rate. if they had not filed bankruptcy in the past, they could have gotten a rate of 7%.

We have to calculate the mortage value when loan amount is,$128,000,

What is  the amortization formula?

[tex]A = P \times ((r(1+r)^n)/((1+r)^n-1))[/tex]

A = is the amortization

P = is the principal

r = is the rate

n = is the period

We have to compute for the amortization using the 11% interest rate.

[tex]A = $128000 \times ((0.11(1.11)^{25})/((1.11)^{25}-1))[/tex]

[tex]A = \$1,254.54[/tex]

When we  solve manually, the answer should be divided by 12 because it was on a monthly basis.

Next we have to compute for the amortization using the 7% interest rate.

[tex]A = $128000 \times ((0.07(1.07)^25)/((1.07)^25-1))[/tex]

[tex]A = $904.68[/tex]

When solve manually, the answer should be divided by 12 because it was on a monthly basis.

Therefore, the increase in monthly amortization has result of higher interest rate is $349.86.

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Related Questions

What is the mean and MAD of this data set? (image below)

Answers

Answer:

Mean = 8 gerbils

MAD = 4.29 gerbils

Step-by-step explanation:

Find the mean:

Mean= 0+3+6+9+11+13+14 ÷ 7

Mean = 56 ÷ 7

Mean = 8 gerbils

you have to find the distance of each value of gerbil from the mean

8,5,2,1,3,5,6

MAD = 9+6+3+0+2+4+5 ÷ 7

MAD = 30 ÷ 7

MAD = 4.29  gerbils

For any value of x, the sum
3
∑ k(2x-1)
k=0
is equivalent to

Answers

The equivalent value of the sum for any value of "x" is 12x - 6

How to find the sum of functions?

Given the sum of the expression as:

3

∑ k(2x-1)

k=0

We need to take the sum of the function at the point where k = 0 to 3

3

∑ k(2x-1) = 0(2x-1) + 1(2x - 1) + 2(2x-1) + 3(2x - 1)

k=0

3

∑ k(2x-1) = 2x-1+4x-2+6x-3

k=0

3

∑ k(2x-1) = 12x - 6

k=0

Hence the equivalent value of the sum for any value of "x" is 12x - 6

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Alondra wrote the following incomplete statement

4.3 < 4 ___

Which of the following strategies could Alondra use to help her complete the statement? Answer all that apply

Answers

Answer:

4.3< 4.1

Step-by-step explanation:

its 4.1 because 4 is the same and three is greater than one

What is the numerator for the following

Answers

Answer:

Can you please check the photo I sent you it has the answer and step-by-step explanation

Step-by-step explanation:

A bowl contains 7 white pebbles and 11 black pebbles. A pebble is chosen and not replaced, then another pebble is picked. What is the
probability that the first one is a white pebble and the second one a black pebble?
O a
7
18
Ob
11
18
Ос
11
17
Od
77
306

Answers

Answer:

17 because 2 is taken from 18 and 18-2=16 but 17 and 17 is close to 16

URGENT!!! HELP!!!
You spend a $20 per turn on a fair game to win $50 for each win. You lose the first round but win the next two rounds.
What was the net payoff?


$100


-$60


-$30


$40

Answers

The net payoff obtained during the game is $40. Option D is the correct answer.

What is net payoff?

The term "net payoff" describes the profit or loss realised from a transaction or operation after deducting all costs, charges, and taxes. It is determined by deducting the total cost of the activity or investment from the total income received. A gain is shown by a positive net reward, whereas a loss is indicated by a negative net payoff.

Given that, each round cost $20, and each win gives $50.

Now, for 3 rounds the total cost is:

$20 x 3 = $60

After winning the two round the win amount is:

$50 x 2 = $100

Now, the net payoff is:

$100 - $60 = $40.

Hence, the net payoff obtained during the game is $40. Option D is the correct answer.

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Please help me with this please and thank you

Answers

Answer:

A

Step-by-step explanation:

it's a geometric sequence since it is continuously being multiplied by the same number which in this case is 2.

Answer:

A. 3, 6, 12, 24

Step-by-step explanation:

In A, you're multiplying by 2 each time.



the quotient of 254 and k is 94

Answers

Answer:

k is 23876

Step-by-step explanation:

you have to multiply 254 and 94 by eachothe then that's your answer!


A cube is also a right rectangular prism. What is the surface area of this cube?
6 units
6 units
6 units

Answers

Answer:

I think it is 216 sorry if it is wrong

Step-by-step explanation:

I have 39 test to do and it takes me approximately 5 minutes to do one. How long will it take me to do all of them?

Answers

Answer:

3 hrs and 15 minutes :)

Step-by-step explanation:

We can solve this by multiplying :)

39 x 5 = 195 minutes

195/60 = 3 hrs and 15 minutes :)

Have an amazing day!!

Please rate and mark brainliest!!

Answer: 195 minutes or 3 hours and 15 mintues

Step-by-step explanation:

     We will multiply the number of tests by the amount of time it takes to do each test.

     39 total tests * 5 minutes = 195 minutes

           195 minutes or 3 hours and 15 mintues

what is the value of 25.761-17.49

Answers

The vale of 25.761-17.49=8.271

Answer - 25.761-17.49=?

Then,

the answer is 8.271

select the correct answer from each drop-down menu.
A hotel builds an isosceles trapezoidal pool for children. It orders a tarp to cover the pool when not in use. What is the area of the tarp?


To find the height, first find that is
. This means the height of the trapezoid is approximately
feet. So, the area of the tarp is approximately
square

Answers

The height of the trapezoidal is 4.33 feet. Then the area of the tarp to cover the pool is 51.96 square feet.

What is a trapezoidal?

It is a polygon that has four sides. The sum of the internal angle is 360 degrees. In a trapezoidal, one pair of opposite sides are parallel.

A hotel builds an isosceles trapezoidal pool for children. It orders a tarp to cover the pool when not in use.

Then the area of the trapezoidal will be

Area = 0.5(sum of parallel sides) height

Then the height of the trapezoidal will be

[tex]\rm h = 5 \times \sin 60 \\\\h = 4.33 \ ft[/tex]

Then the area of the trapezoidal will be

Area = 0.5 × (10 + 12) × 4.33

Area = 51.96 ft²

The area of the tarp to cover the pool is 51.96 square feet.

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Answer:

1. 120 degrees

2. 4.3

3. 47.3

Step-by-step explanation:

PLATO/EDMENTUM

what type of line is this

Answers

~Denki Kaminari here~

Answer:

its a best fit line

Step-by-step explanation:

because it is in-between the blue and yellow points, that is what i assume the answer is.

hope this helps :D

Answer:

oblique line.

Step-by-step explanation:

hops this helps

So I need help trying to answer these triangle problems. I don't know how to find the measure of an angle

Answers

Answer:

try using a protractor

Step-by-step explanation:

when you use a protractor it can be easier and collect all like terms together

answer this and i will never forget about you. ever.

Answers

Answer:

(B) 70.5

Step-by-step explanation:

During the first second the acceleration is 2, and the distance is 2

During the second second the acceleration is 5, and the distance is 4.5

During the third second the acceleration is 4, and the distance is 9

During the last 5 seconds the acceleration is 0, velocity is 11 and the distance is 55 m

2 + 4.5 + 9 + 55 = 70.5 (B)

​Quadrilateral ABCD​ is inscribed in this circle. What is the measure of ∠A?
Enter your answer in the box. C is labeled 74

Answers

Answer:

Step-by-step explanation:

The distance between City A and City B is 250 miles. A length of 1.7 feet represents this distance on a certain wall map. City C and City D are 3.06 feet apart on this map. What is the actual distance between City C and City​ D?

Answers

The scale of the map is equal to 250 miles per 1.7 feet. or 250m/1.7ft. set up as a fraction.
Divide 250 by 1.7 to get how many miles are equal to just 1 foot.
250/1.7 = 147.058824 miles per 1 foot
Multiply that times 3.06 feet (the distance between C and D on the map)
147.058824m/1ft x 3.06ft = 450m
The actual distance between City C and City D should be 450 miles.

Identifying Characteristics of Circles from Equations
The equation for a circle is (x + 2)2 + (y – 5)2 = 9.

What is the radius of the circle?
✔ 3
What is the x-coordinate of the circle’s center?
✔ -2
What is the y-coordinate of the circle’s center?
✔ 5
The answers are correct!

Answers

Answer:

Step-by-step explanation:

A picture 8 3/4 feet long is to be centered on a wall that is 12 1/2 feet long. How much space is there from the edge of the wall to the picture?

Answers

Answer:

15/4

Step-by-step explanation:

Find a common denominator in this case 4.

Turn both mixed numbers to an improper fraction

12 1/2 = 25/2

8 3/4 = 35/4

multiply 2 to 25/2 = 50/4

50/4 - 35/4 = 15/4

What is the distance between (4, 6) and (4, -1)?
O 7 units
O 5 units
O 4 units
O I don't know.

Answers

Answer:

7 units

Step-by-step explanation:

[tex]d=\sqrt{(x2-x1)^2+(y2-y1)^2}[/tex]

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

[tex]d=\sqrt{(0)^2+(-7)^2}[/tex]

[tex]d=\sqrt{49}=7[/tex]

Distance = 7 units

I hope this helps!

WHOEVER HELPS ME WILL GET MARKED BRAINLIEST PLSSSSS HELP

Answers

Answer:

D please mark brainliest

Step-by-step explanation:

Answer:

The answer to your question is D(-6, -3)

Step-by-step explanation:

PLEASE HELP ILL GIVE BRAINLIEST

james bought a movie ticket for $4.05. he paid the movie ticket with quarters and dimes. if james used 18 coins in all, how many quarters (q) and dimes (d) did he use?

Answers

Answer:

15q + 3d

Step-by-step explanation:

15 quarters = 3.75

4.05 - 3.75 = 0.30

3 dimes = 0.30

sooo.

3.75 (15q) + 0.30 (3d) = 4.05

Doctor Jones starts an appointment every 20 minutes.
Doctor Warholm starts an appointment every 35 minutes.
The first appointment for both doctors starts at 8.30 am.
What is the next time that they have an appointment start at the same time?

Answers

Given:

The first appointment for both doctors starts at 8:30am.

To find:

Next appointment that they start at same time.

Solution:

For the same time same time take LCM of 20 and 35.

20= 2x2x5

35= 5×7

hcm (20,35) = 2X2X5X7 = 140

They will take appointment after 140 minutes. 1.e. 2 hours 20 minute.

so, next appoitment will be 10:50a.m.

The next time that they have an appointment start at the same time is at  10:50 a.m.

How do we calculate the appointment time start?

We are given that the first appointment for both doctors starts at 8:30am while the Next appointment also started at same time but Doctor Jones starts his every 20 minutes while Doctor Warholm starts his every 35 minutes.

First step

For the same time, take LCM of 20 and 35.

20 = 2 * 2 * 5

35 = 5 * 7

Second step

HCM (20, 35) = 2 * 2 * 5 * 7

HCM (20, 35) = 140

Hence, it will take the appointment after 140 minutes which equals to 2 hours 20 minute.

Now, from 8.30 am, the addition of the 2 hours 20 minute gives us 10:50 a.m which is the next time that they have an appointment start at the same time.

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An equation is shown below: 3(2x − 7) = 9

Part A: How many solutions does this equation have?

Part B: What are the solutions to this equation? Show your work.

Answers

Answer:

1 solution

Step-by-step explanation:

3(2x-7)=9

dustribute: (3)(2)+(3)(-7x)=9

6+-21x=9

subtract 6 from both sides: -21x=3

Divide both sides by -21: x=-1/7

so your 1 solution is x = - 1/7

x^2-6x+1=0 solve by completing square

Answers

the answer is x= +- 2 square root of 2 + 3

Answer:

x = 3 ± 2[tex]\sqrt{2}[/tex]

Step-by-step explanation:

x² - 6x + 1 = 0 ( subtract 1 from both sides )

x² - 6x = - 1

to complete the square

add ( half the coefficient of the x- term )² to both sides

x² + 2(- 3)x + 9 = - 1 + 9

(x - 3)² = 8 ( take square root of both sides )

x - 3 = ± [tex]\sqrt{8}[/tex] = ± 2[tex]\sqrt{2}[/tex] ( add 3 to both sides )

x = 3 ± 2[tex]\sqrt{2}[/tex]

Problem 2
Write each expression as a multiple of a power of 10.
Expression
As a Multiple of a Power of 10
42300
2000
9200000
Four thousand
80 million
32 billion
Whoever does this quicker gets Brainly and stuff

Answers

Answer:

4.23 x 10 to the 4, 2 x 10 to the 3, 9.2 x 10 to the 6, 4 x 10 to the 3, 8 x 10 to the 7, and 3.2 x 10 to the 10.

Step-by-step explanation:

I will explain in the comments to this response

The Scientific notation of the number 42300 is 4.23×10⁴.

What is scientific notation?

Scientific notation is a method for expressing a given quantity as a number having significant digits necessary for a specified degree of accuracy, multiplied by 10 to the appropriate power such as 1.56×10⁷.

Here, 42300 in Scientific notation as 4.23×10⁴.

2000 in Scientific notation as 2×10³.

9200000 in Scientific notation as 9.2×10⁶.

42300 in Scientific notation as 4.23×10⁴.

4000 in Scientific notation as 4×10³.

80 million=80000000 in Scientific notation as 8×10⁷.

32 billion=32,000,000,000 in Scientific notation as 3.2×10¹⁰.

Therefore, the Scientific notation of the number 42300 is 4.23×10⁴.

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What is the mean of the values in the stem-and-leaf plot?




Enter your answer in the box.




Key: 2|5 means 25

Answers

Answer:

42

Step-by-step explanation:

If you add all the number in the stem and leaf plot it equals 336 and you divide by how many numbers there are and there are 8 numbers so 336/8=42

Please mark as Brainliest

PLEASE HELP find value of X
x^2 = 9, x = ?

Answers

Answer:

3

Step-by-step explanation:

x^2 means squared

to get x you need to get the square root of 9

which is

3

What is the exact value of tan 150

Answers

Answer:

-0.5774

Step-by-step explanation:

Tan 150 degrees is the value of tangent trigonometric function for an angle equal to 150 degrees. The value of tan 150° is -1/√3 or -0.5774 (approx).

Where is the first error made in the proof?

Answers

Answer: Step 4

Step-by-step explanation:

There is no equation to substitute into, the reason should be 'Pythagorean theorem'.

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