A1=12, a2=27, a3=42, etc. The pattern is that you’re always adding 15 after starting with 12. So the general rule is...
an=12+15(n-1)
So then...
a18=12+15(18-1)
a18=12+15(17)
a18=267
<h3>
Answer:1.5</h3>
Step-by-step explanation:
Answer: 7
Step-by-step explanation:
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
Answer:X=70
Step-by-step explanation:
