Answer:
Kindly check explanation
Step-by-step explanation:
Given the following :
Price of home = $220,000
Down payment = 20%
3 points at closing
30 years fixed rate mortgage at 7%
A.)The down payment :
20% of price
0.2 × $220,000 = $44,000
B.) Amount of the Mortgage :
Price - down payment
$220,000 - $44,000 = $176,000
C.) Amount to be paid for the 3 point of closing :
3% of mortgage amount
0.03 * $176,000 = $5,280
D.) monthly payment :
(mortgage amount(1 + rate)) / 30* 12
176000(1 + 0.07)
($176,000 + $12320) / 360
$523
E.) Total cost of interest :
0.07 * 176000 = $12,320
Answer:
0
Step-by-step explanation:
A p e x
Answer:
fraction: 2/3
decimal: 0.66666667
percentage: 66%
Step-by-step explanation:
With these given values:
<span> f(0)=4 and f′(x)≤4
</span>
The solution is as follows:
<span>f(0) = 4
f ' (x) ≤ 4 for all x
The Mean Value Theorem says there is a c between 0 and 4 such that f ' (c) = [f(4) - f(0)] / (4 - 0)
But since f ' (x) ≤ 4 for all x, then [f(4) - f(0)] / (4 - 0) ≤ 4
Since f(0) = 4, then [f(4) - 4] / (4 - 0) ≤ 4
Multiplying both sides by 4 you get f(4) - 4 ≤ 16
Adding 4 to both sides you get f(4) ≤ 20
So f(4) ≤ 20
</span>
By examining the solution, it could guide you on answering the problem on your own. Hope that helps