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Mnenie [13.5K]
3 years ago
9

Stefani is purchasing a house and finances $410,350 of the purchasing price. The mortgage is a 30 year 7/3 ARM at 6.5% with a 4/

13 cap structure. What will the remaining balance be after the first seven years? (show work)
A= $371,023.06
B= $217,870.06
C= $357,112.36
D= $192,479.94

Mathematics
1 answer:
poizon [28]3 years ago
6 0
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 <span>$373,327.70

The figure is nearest to Choice A. 371, 023.06</span>

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Please help ill mark brainliest​
anyanavicka [17]

The value of the missing length is 20

Let the missing length be x

From Parallel lines and transversal theorem, we have that

If three or more parallel lines intersect two transversals, then they cut off the transversals proportionally.

Then, we can write that

\frac{x}{15} =\frac{16}{12}

∴ x = \frac{15\times 16}{12}

x = 20

Hence, the value of the missing length is 20

Learn more here: brainly.com/question/24258397

6 0
3 years ago
In Exploration 5.4.2 Question 2, what conclusion can you make about the value of the derivative at
givi [52]

The value of the derivative at the maximum or minimum for a continuous function must be zero.

<h3>What happens with the derivative at the maximum of minimum?</h3>

So, remember that the derivative at a given value gives the slope of a tangent line to the curve at that point.

Now, also remember that maximums or minimums are points where the behavior of the curve changes (it stops going up and starts going down or things like that).

If you draw the tangent line to these points, you will see that you end with horizontal lines. And the slope of a horizontal line is zero.

So we conclude that the value of the derivative at the maximum or minimum for a continuous function must be zero.

If you want to learn more about maximums and minimums, you can read:

brainly.com/question/24701109

4 0
2 years ago
Find a so that the point (-1, 2) is on the graph of f(x)=ax^2+5.
Gnesinka [82]
We are asked to determine the value of a such that the function f(x) = ax^2 + 5 is fit for the point given (-1,2). In this case, we substitute 2 to y and -1 to x. The result is then 2 = a*(-1)^2 + 5 ; 2 = a + 5; a is then equal to -3
4 0
4 years ago
How to find the slope of two points
NikAS [45]

-- Find how much 'y' changes from the first point to the second one.

-- Find how much 'x' changes from the first point to the second one.

-- The slope of the line going from the first point to the second one is

                                 (change in 'y') / (change in 'x') .

3 0
3 years ago
Simplify this expression: cos t(sec t − cos t)
Nostrana [21]
\cos t \, (\sec t - \cos t)
= \cos t \, (\frac{1}{\cos t} - \cos t)
= 1 - \cos^2 t
= \bf sin^2 t
5 0
3 years ago
Read 2 more answers
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