Help me with Balloon Mortgages?

1 answer:

7 0

I just answered this question. Here's my answer.

Home price is $245,000. There is no down payment mentioned.
I understand 20/4 as amortized over 20 years and balloon payment after 4 years.

Total cost would be = Balloon payment + Total monthly payment

4 years x 12 months = 48 months
Balloon payment = 216,789.79 x 1 mo = 216,789.79
Total monthly payment = 1,727.11 x 47 mos = 81,174.17

<span>Total cost = 216,789.79 + 81,174.17 = 297,963.96</span>

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insens350 [35]

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3 years ago

Jeremy has a weekend job as a soccer referee. One weekend, he earns $140 by working 4 games. Another weekend, he earns $210 by w

Ilya [14]

Answer:

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Step-by-step explanation:

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2 years ago

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The general solution of 2 y ln(x)y' = (y^2 + 4)/x is

Sav [38]

Replace $y'$ with $\dfrac{\mathrm dy}{\mathrm dx}$ to see that this ODE is separable:

$2y\ln x\dfrac{\mathrm dy}{\mathrm dx}=\dfrac{y^2+4}x\implies\dfrac{2y}{y^2+4}\,\mathrm dy=\dfrac{\mathrm dx}{x\ln x}$

Integrate both sides; on the left, set $u=y^2+4$ so that $\mathrm du=2y\,\mathrm dy$ ; on the right, set $v=\ln x$ so that $\mathrm dv=\dfrac{\mathrm dx}x$ . Then