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zubka84 [21]
3 years ago
6

Help me with Balloon Mortgages?

Mathematics
1 answer:
Ket [755]3 years ago
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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HELP ME!!! ANY ABSURD WILL BE REPORTED!!
My name is Ann [436]

Answer:

y=10x+9; y=5x+9

Step-by-step explanation:

First of all, answers B and D are wrong because the formula is <em>y=mx+b. </em>So, that leaves us with a and C.  

I couldn't find the slope because it was hard to see. try finding a point where it is clear what the points are and do change in y over change in x. I hope this helped at least a bit.

8 0
3 years ago
Identify the reciprocal of each number. Type it in the blank, using a slash () to show a fraction,
amid [387]

Answer: 6/5

Step-by-step explanation:

When finding the reciprocal, we essentially just "flip" or take the inverse of the number we are given. For example, the reciprocal of 1/2 would be 2/1 or 2. The given number multiplied by the reciprocal should always equal 1. If it does, then we know we are correct.

In this case, we are finding the reciprocal of 5/6, so we "flip" the numerator and the denominator to get 6/5.

To check our work, we need to multiply our original number and its reciprocal.

5/6 x 6/5 = 30/30 = 1

Now, we know we are correct, that the reciprocal of 5/6 is 6/5.

4 0
3 years ago
Carla is collecting rainwater in a barrel. Currently she has 18 inches of water in the barrel. The rain is falling at the rate o
olga_2 [115]

Answer: it will take 9 hours.

Step-by-step explanation:

The rain is falling at the rate of 1.5 inches per hour. This means that the height of water in the barrel is increasing in arithmetic progression.

The formula for determining the nth term of an arithmetic sequence is expressed as

Tn = a + d(n - 1)

Where

a represents the first term of the sequence.

d represents the common difference.

n represents the number of terms in the sequence.

From the information given,

a = 18 inches

d = 1.5 inches

The expression becomes

Tn = 18 + 1.5(n - 1)

For the number of hours it would take to collect 30 inches of rain in the barrel, Tn = 30

Therefore,

30 = 18 + 1.5(n - 1)

1.5(n - 1) = 30 - 18

1.5(n - 1) = 12

n - 1 = 12/1.5 = 8

n = 8 + 1

n = 9

6 0
3 years ago
Put the following equation of a line into slope-intercept form, simplifying all fractions. 4y - 4x -32​
MariettaO [177]

Answer:

y=-4x+4x-32

Step-by-step explanation:

3 0
3 years ago
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Fwam answered 149 questions correctly on his multiple choice science final that had
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Answer:

he answered 74.5% of questions correctly

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