Answer:
$390,900
Step-by-step explanation:
Given:
Initial payment = $965
New rapayment = $925 when she decided to refinance her ballon payment with a 30 year mortgage
In this case, a 5/25 ballon mortgage simply means loan repayment for the first 5 years is at a fixed rate.
Which means the total amount she paid in the first five years was=
12 * 5 * $965 = $57,900
When she refinanced the payment with a 30 year mortgage, her total payment = $925 * 12 * 30years = $333,000
Total financed cost Patricia paid =
$57,900 + $333,000 = $390,900
To answer this you will use the formula V = pi x radius ^2 x height. The substitution for this would be 3.14 x 4^2 x 8. The approximate answer is 401.92 cubic units. 3.14 is an approximation of pi.
Note: It does not say that x is the height, but this is the only piece of information missing without an obvious label, so I am using it as the height.
4.8 is the answer I’m pretty sure
So, what you do for this problem is that you multiply $14,000 x 0.75
The answer would be $ 10500. You would need to pay $ 10,500.
Hope this helps!
The answer to the top one is 243.
