Which is the slope of the line that passes through the points (3,17)(3,17) and (7,25)(7,25)?
1 answer:
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Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Answer:
Step-by-step explanation:
h(t) = -16t² + 14400
0= -16t² + 14400
(1/-16)×-14400=-16t²(1/-16)
900=t²
30=t