Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Answer:
y = 11.84x - 32.71
Step-by-step explanation:
Here, the given data points,
(−3,−70),(−1,−42),(1,−21),(2,−9),(4,14),
Let x represents the input value and y represents the output value,
So, the table that represents the given situation is,
x -3 -1 1 2 4
y -70 -42 -21 -9 14
By the above table,
Let the equation of the line is,
y = bx + a
Where,
n = number of data points = 5,
By substituting the values we get,
a = - 32.70547945 ≈ - 32.71,
b = 11.84246575 ≈ 11.84,
Hence, the equation of line would be,
y = 11.84x - 32.71