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Nikitich [7]
3 years ago
9

You have just arranged for a $1,640,000 mortgage to finance the purchase of a large tract of land. the mortgage has an apr of 6.

4 percent, and it calls for monthly payments over the next 30 years. however, the loan has an eight-year balloon payment, meaning that the loan must be paid off then. how big will the balloon payment be?
Mathematics
1 answer:
sergeinik [125]3 years ago
3 0
You would take 6.4% into 1640000 and you would pay that the next 30 years

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3 years ago
Solve using elimination x-2y=12 and 5x+3y=-44 <br> (4,8)<br> (-4,8)<br> (4,-8)<br> (-4,-8)
Leya [2.2K]

Answer:

(-4, -8)

General Formulas and Concepts:

<u>Pre-Algebra</u>

Order of Operations: BPEMDAS

  1. Brackets
  2. Parenthesis
  3. Exponents
  4. Multiplication
  5. Division
  6. Addition
  7. Subtraction
  • Left to Right  

Equality Properties

  • Multiplication Property of Equality
  • Division Property of Equality
  • Addition Property of Equality
  • Subtraction Property of Equality

<u>Algebra I</u>

  • Terms/Coefficients
  • Solving systems of equations using substitution/elimination

Step-by-step explanation:

<u>Step 1: Define Systems</u>

x - 2y = 12

5x + 3y = -44

<u>Step 2: Rewrite Systems</u>

x - 2y = 12

  1. [Multiplication Property of Equality] Multiply everything by -5:                  -5x + 10y = -60

<u>Step 3: Redefine Systems</u>

-5x + 10y = -60

5x + 3y = -44

<u>Step 4: Solve for </u><em><u>y</u></em>

<em>Elimination</em>

  1. Combine 2 equations:                                                                                   13y = -104
  2. [Division Property of Equality] Divide 13 on both sides:                              y = -8

<u>Step 5: Solve for </u><em><u>x</u></em>

  1. Define original equation:                                                                               x - 2y = 12
  2. Substitute in <em>y</em>:                                                                                                x - 2(-8) = 12
  3. Multiply:                                                                                                           x + 16 = 12
  4. [Subtraction Property of Equality] Subtract 16 on both sides:                      x = -4
6 0
3 years ago
An aquarium holds 56. 25 gallons of water. It has a length of 2 feet and a height of 2. 5 feet. What is the volume of the aquari
GaryK [48]
Wouldn’t it just be 56.25 bc it holds that much bc v=l x w x h and there is no height
6 0
2 years ago
The length of a rectangle is 8 centimeters less than its width. What are the dimensions of the rectangle if its area is 240 squa
Dmitriy789 [7]
Answer:
Well, Your best answer will be is 35.
Here's a Explain.
W-5=0
W=5 That's for the width.
L=3*5-8
L=15-8=7 And, That's for the length.
Here's proof.
35=7*5
35=35
Hope That Helps!~
6 0
3 years ago
Read 2 more answers
What does a rate of change of zero mean in this situation?
Arturiano [62]
Its either A or B because the numbers are const but there also increasing hopes this helps

4 0
3 years ago
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