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joja [24]
3 years ago
9

You need a loan of $135,000 to buy a home. Calculate your monthly payment and total closing costs for each choice below. Briefly

discuss how you would decide between the two loans. Choice 1: 15 year fixed rate at 4% with closing costs of $2700 and no points. Choice 2: 15 year fixed rate at 3.5% with closing costs of $2700 and 5 points. What’s the monthly payment for choices 1 and 2? What are the total closing costs for choices 1 and 2?
Mathematics
1 answer:
Ahat [919]3 years ago
6 0
You need to multiply the four numbers and then takeway
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2 years ago
Jan bought 6 cookies and 4 doughnuts for 3.50. Tom bought 12 cookies and 5 doughnuts got 5.23. Write and solve a system of equat
iren2701 [21]
0.19 for one cookie and 0.59 for one doughnut

x for how much one cookie costs and y for how much one doughnut costs
6x+4y=3.5
12x+5y=5.23

solve by substitution: (elimination would work too)
4y=3.5-6x
y=0.875-1.5x
12x+5(0.875-1.5x)=5.23
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4.5x=0.855
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6(0.19)+4y=3.5
1.14+4y=3.5
2.36=4y
y=0.59

Check the work: 6(0.19)+4(0.59)=3.5
4 0
3 years ago
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