I used an online mortgage calculator.

Inputted the following information:
Loan amount: 410,350
loan rate: 6.5%
loan term: 30 years

It gave me the following results:
monthly payment: 2,593.69
annual payment: 31,124.29

31,124.29 * 7 years = 217,870.03 total payment after 7 years.

Based on the Yearly Amortization Table, the remaining balance after the first seven years is $373,327.70

The figure is nearest to Choice A. 371, 023.06

6 0

3 years ago

A patio has dimensions of 25 feet by 35 feet. What is its area?

wel

Answer:

Step-by-step explanation:

In this problem, we don't know the length or width. All we do know is that the length is 5 feet longer than the width, and that the perimeter is 54 feet. Both lengths plus both widths equals the perimeter. To solve this problem, you must give the width, the value of x.

Step 1: Draw a rectangle where the width is x and the length is x + 5.

Step 2: Find the sum of the lengths and the sum of the widths

2 times the length plus 2 times the width equals the perimeter

2(x + 5) + 2(x) = 54

Step 3: Solve for the width

2(x + 5) + 2(x) = 54

2x + 10 + 2x = 54 (Distributive Property)

4x + 10 = 54 (Group Like Terms)

4x = 44 (Subtraction Property of Equality)

4x/4 = 44/4

x = 11 (Division Property of Equality)

x = width = 11

Step 4: Solve for the length

x + 5 = length

11 + 5 = 16

Length = 16. So (3) must be the answer.

3 0

2 years ago