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cricket20 [7]
3 years ago
15

Lucy and Ricky buy a home. They plan to make a down payment and carry an $82,500 mortgage. Closing costs are $2,000 and are adde

d to the loan amount. What is the new amount being financed?
a) $80,500
b) $84,500
c) $78,500
Mathematics
2 answers:
Anon25 [30]3 years ago
8 0
The awnser is b um I won't say anything else
Delicious77 [7]3 years ago
5 0

The correct answer is option B $84500

Explanation:                        

Total amount of the mortgage = $82500

Closing costs that are added to the loan amount = $2000                            

So, the complete amount becomes = 82500+2000=84500 (mortgage and closing costs are always added)

Hence, the complete new amount that will be financed will be $84,500.                              

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Mia wants to borrow £6000 and repay it, with interest, after two years. she sees two offers for loans: offer 1 compound interest
AURORKA [14]

Answer:

she is wrong, offer 2 results in lower interests

Step-by-step explanation:

total amount paid if offer 1 is accepted:

$6,000 x (1 + 3%)² = $6,000 x 1.0609 = $6,365.40

she will pay $365.40 in interests

total amount paid if offer 2 is accepted:

($6,000 x 1.01) x 1.05 = $6,060 x 1.05 = $6,363

she will pay $363 in interests

Compounding interest refers to interest that earns more interest itself, e.g. in the first offer, the $180 of interests charged for the first year will earn $5.40 in extra interests. While offer 2 only charges $60 in interests during the first year which will in turn earn $3 of interests. The difference between both offers is that interest charges in offer 1 earn more interests than the interest in offer 2 = $5.40 - $3 = $2.40

4 0
3 years ago
How do I find the midpoint
Hunter-Best [27]

To find the midpoint of a line use the midpoint formula which is M = (x1+x2/2 , y1 +y2/2) After plugging in the coordinates for your variables you should get (-1+5/2, -1+2/2) This simplifies to (2, 1/2) which is the coordinates for the middle point of the base XY.

5 0
3 years ago
What is the benefit of dividing out greatest common factors (GCFs) before multiplying?
Nina [5.8K]
Lets get an example, for this example lets use 24/30 x 30/60
Without dividing out GCFs  you would get 24x12 over 30 x 60 which is 288/1800
With dividing out GCFs you get 2/1 x 5/1 Which is 7 :)
7 0
3 years ago
Read 2 more answers
Devon is trying to find the unit price on a 6-pack of drinks on sale for $2.99. His sister says that at that price, each drink w
docker41 [41]

Answer:

Step-by-step explanation:

Devon's sister is incorrect.

Note 6 drinks thats cost $2.99

2.99 divided by 6 is $0.50

Thus each drink is approx. $0.50

She would find it if she divided total number of drinks by the total price

4 0
3 years ago
MARKING BRANLY You want to plant a flower garden in your yard so that you can make a beautiful bouquet to put on the alter at ch
BabaBlast [244]

Answer:

1. 3 packs of daffodils and 4 packs of tulips

2. then you would have 24 of each

3. $2.29

4. $37.54

5. $34.61

6.$2.93 was saved

7. 3 tulips

8. 12 daffodils

9. 9 tulips

10. 12 daffodils and 15 tulips

theres 2 left. ill let someone else do it

Step-by-step explanation:

3.   4.50*4=18            5.75*3=17.25

18+17.25 -> 35.25*.065=2.29 rounded

4. 35.25+2.29=37.54

5.  35.25-2.75->32.50*.065=2.11       2.11+32.50=34.61

6. 37.54-34.61=2.93

7. 6:8  -> 3:4  ratio -> 3:4

8. 8+4=12

9. 6+3=9

10. 24-12=12           24-9=15

6 0
3 years ago
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