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leonid [27]
3 years ago
5

David purchased a $ 155,000 home with a 7/23 balloon mortgage. His initial rate was 3.5%. At the end of the initial rate, I deci

ded to refinance the balloon payment with a 30-year mortgage fixed at 5%. What is his new mortgage payment? A. $ 696.02 B. $ 707.63 C. $ 707.23 D. $ 654.87
Mathematics
1 answer:
swat323 years ago
7 0

Answer:707.63

Step-by-step explanation:

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Evaluate the determinant for the following matrix 1, 4, 4, 5, 2, 2, 1, 5, 5
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Answer:

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Step-by-step explanation:

The determinant of this matrix is zero (0).

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4 years ago
To make a profit, a company’s revenue must be greater than its operating costs. The company’s revenue is modeled by the expressi
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Revenue = 7.5x - 100
Operation Costs = 5.8x + 79.86

To break even, operation cost = Revenue
⇒ 7.5x - 100 = 5.8x + 79.86
7.5x = 5.8x + 179.86 (Add 100 to both sides)

7.5x - 5.8x = 179.86
1.7x = 179.86
x = 105.8

This implies that the company will need to sell at least 106 items to make a profit.

The inequality that will determine the number of items at need to be sold to make a profit is x ≥ 106

The solution to the inequality is as follows

Revenue = 7.5x - 100
if x =106
Revenue = 7.5(106) - 100
Revenue = 695

Operational Cost = 5.8x + 79.86
if x = 106
Operational Cost = 5.8(106) + 79.86
Operational Cost = 694.66

Profit ≥ (695 - 694.66)
Profit ≥ 0.34

The company must sell at least 106 items to make a profit.
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3 years ago
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Step-by-step explanation:

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Natali5045456 [20]

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Step-by-step explanation:

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3 years ago
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