Answer:
Part A:
Rent = $7380
Mortgage payments = $9800
Insurance = $145
Taxes, insurance, maintenance =
= $2830
Loss of Interest on security deposit = (650*6%) = $39
Interest lost on down payment and closing cost = (4,500*6%) = $270
Growth in equity = $225
Annual appreciation = $1700
Tax savings for mortgage interest = (9,575*28%) = $2,681
Tax savings for property taxes = (1,780*28%) = $498
Total rental cost =
dollars
Total buying costs =
dollars
Part B:
You should consider rent because the cost of renting is less than the cost of buying.
3y = -2x + 2
y = x + 4 (Substitute the y)
3(x + 4) = -2x + 2 (Distribute)
3x + 12 = -2x + 2 (Add 3 to both sides)
+3x +3x
------------------------------------------
12 = 1x + 2 (Subtract 2 from both sides)
-2 - 2
------------------------
10 = 1x (Divide by 1 on both sides)
10/1 = 1x/1
x = 10
This is your x-coordinate
Answer:
Step-by-step explanation:
The 20th of February for seven nights:
Mr. Jones: 714
Mrs. Jones: 714
Child 1: 95% of 714 = 678.30
Child 2: 95% of 714 = 678.30
Total Price: 2784.60
The 10th of April for fourteen nights:
Mr. Jones: 802
Mrs. Jones: 802
Child 1: 85% of 802 = 681.70
Child 2: 85% of 802 = 681.70
Total Price: 2967.40
The 10th of April for fourteen nights is 182.80 pounds greater than the 20th of February for seven nights.