Answer:
correct option is C. $399,060
Step-by-step explanation:
given data
balloon mortgage = 7/23
initial payments = $915
time = 30 year
new payments = $895
solution
we know here that 7/23 is that loan has fixed rate = first 7 years.
so that initial payments for 7 years is here
initial payment = 7 × 12 × 915
initial payment = $76860
and
payments for 30 years when refinance her balloon
payments for 30 year = 30 × 12 × 895
payments for 30 year = $322200
so total financed cost paid for her house is
total financed cost = $76860 + $322200
total financed cost = $399,060
so correct option is C. $399,060
The correct option is B.
W(x)=24x+8
25/4=x
25/4=6.25
Each pair of socks would cost $6.25.
I'm pretty sure it's 27.9m
