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disa [49]
3 years ago
5

Adam is taking out a $197,000 mortgage. His bank offers him an APR of 4.45%. He wants to compare monthly payments on a 15- and 3

0- year mortgage. What is the difference in the two monthly payments.
a) 509.68

b) 365.75

c) 402.58

d) 231.87
Mathematics
1 answer:
xxMikexx [17]3 years ago
4 0
The answer would be A. 509.68
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IgorC [24]
Equation 1: x + y = 40 ; therefore y = 40 - x
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Find x first:

25x + 15 (40 - x) = 900
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x = 300÷10
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Can somebody please help me and tell me how did you get the answer please thank you!!!
Aneli [31]

Answer:

10

Step-by-step explanation:

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3 years ago
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tiny-mole [99]
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Ilia_Sergeevich [38]
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