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Phantasy [73]
3 years ago
9

margery decided to purchase 4 points in order to lower her interest rate on her $150,000 mortgage. how much additional money doe

s she need to bring to closing?
Mathematics
2 answers:
makvit [3.9K]3 years ago
6 0
The answer is $6000. 

Hope this helps :)
Rom4ik [11]3 years ago
3 0
The answer is $6000 in the personal finance class for apex.
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Seth has a bank account which pays 1.01% interest, compounded quarterly. Seth withdraws $4,567 from the account every quarter fo
dimulka [17.4K]

Answer:

C. $538,021.66

Step-by-step explanation:

It is given that the money Seth withdraws was compounded every quarter for 35 years. So, we get,

Amount withdrawn every quarter, P = $4567

Rate of interest, r  = \frac{0.0101}{4} = 0.002525

Time period, n = 35 × 4 = 140

Now, as we know the formula for annuity as,

P=\frac{r \times PV}{1-(1+r)^{-n}}

where P = installments, PV = present value, r = rate of interest and n = time period.

This gives, PV=\frac{P \times [1-(1+r)^{-n}]}{r}

i.e. PV=\frac{4567 \times [1-(1+0.002525)^{-140}]}{0.002525}

i.e. PV=\frac{4567 \times [1-(1.002525)^{-140}]}{0.002525}

i.e. PV=\frac{4567 \times [1-0.7021]}{0.002525}

i.e. PV=\frac{4567 \times 0.2975}{0.002525}

i.e. PV=\frac{1358.68}{0.002525}

i.e. PV=538,091.08

So, the closest answer to initial value of the account is $538,021.66

Hence, option C is correct.

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3 years ago
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Y^24 isn't a cube, the closest number is 27
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PolarNik [594]

Answer:

189

Step-by-step explanation:

You take 63% make it a decimal by dividing it by 100 and then you multiply it with 300. 300*.63=189.

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Math Question (10 Points):
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A

Step-by-step explanation:

Becuase It expands the (2+4)8=2*8+8*4=6*8=48

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Fittoniya [83]

Answer:

The answer is B!

Step-by-step explanation:

Add 1 to both sides, then divide 80 by 9!

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