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Licemer1 [7]
4 years ago
5

Jamal has been approved for $125,000 loan, 30-year mortgage with an APR of 5.3%. He made a 10% down payment and is closing on Ap

ril 5th. How much should he expect to pay in prepaid interest at closing?​
Mathematics
2 answers:
Svetach [21]4 years ago
8 0

Answer:

The total amount paid by Jamal will be $408.38

Step-by-step explanation:

Jamal has been approved for $125,000 loan.

Time or t = 30-year

r = 5.3% or 0.053

He made a 10% down payment, means 90% was loan.

125000\times0.9=112500

This amount multiplied by rate.

=> 112500\times0.053=5962.50

For per day value, divide this by 365.

\frac{5962.50}{365} = $16.335

Given is the deal is closing on April 5th. April has 30 days, so, there are 25 days left.

So, the final amount becomes = 16.335\times25=408.375 ≈ $408.38

Alex17521 [72]4 years ago
7 0

Answer:

Step-by-step explanation:

Loan APR is 5.535%

Loan information:

Mortgage amount:

$125,000

Term in years:

Interest rate:

5.3%

Monthly payment:$694.13

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Anvisha [2.4K]

The answer is C, or 28.

You can plug the values into a regression calculator to find the equation. When you do this, you will get the equation y=18.001+0.3ln(x). When you substitue 19 in for y, you get that x is about 28.

6 0
3 years ago
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Reels produced at 800 per day but production cut by 1/5. They have an order for 20,000 reels. Can they produce enough in 30 days
Neko [114]

The company can not produce enough reels.

Step-by-step explanation:

Reels produced per day = 800

Production cut = 1/5

Let, the daily production be 1.

therefore,

New per day production = 1-\frac{1}{5}=\frac{5-1}{5}

New per day production = 4/5

Therefore,

4/5 of 800 = New no. of reels produced per day

\frac{4}{5}*800 = New no. of reels

640 = New no. of reels

New. no of reels produced per day = 640

Reels produced in 30 days = 640*30 = 19200

The company can not produce enough reels.

Keywords: fraction, multiplication

Learn more about fractions at:

  • brainly.com/question/11145277
  • brainly.com/question/11150876

#LearnwithBrainly

3 0
4 years ago
3
Genrish500 [490]

Answer:

See Explanation

Step-by-step explanation:

<em>The question has missing details; However, the following explanation will guide.</em>

<em></em>

Represent the boots print with y and the Liz's feet with x

<em>To calculate how much the boot is longer than her feet, we simply get the difference between the length of the boot's print and her feet;</em>

i.e.

Difference = y - x

<em>Note that her boot print (y) will always be greater than her feet (x)</em>

<em></em>

Take for instance;

y = 3\ ft

x = 2\ ft

The difference will be

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6 0
3 years ago
There are 40Student in a class. If the number of boys is 4less than the number of girls.find the number of boys.​
svp [43]

Answer:

18

Step-by-step explanation:

Let number of girls be 'x'.

So, Number of boys = Number of girls - 4

= x - 4

Total number of students in a class = 40

Number of girls + Number of boys = Total number of students in a class

\longrightarrow x + x - 4 = 40

\longrightarrow 2x - 4 = 40

\longrightarrow 2x - 4 + 4 = 40 + 4

\longrightarrow 2x = 44

\longrightarrow \sf \dfrac{2x}{2} = \dfrac{44}{2}

\longrightarrow x = 22

\therefore Number of boys = 22 - 4

= 18

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3 years ago
A scientist uses a camera to study the stars.
Ugo [173]

Answer:

sure

Step-by-step explanation:

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