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3 years ago

Please help I don’t understand

Mathematics

1 answer:

Softa [21]3 years ago

4 0

Answer:

the 1 one and the 4 one

Step-by-step explanation:

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Rhonda wants to take out a 30-year, $280,000 loan with a 4.4% APR. She is considering purchasing 2 points, which will decrease h

Paha777 [63]

Given Information:

Loan amount = $280,000

Annual Percentage Rate = APR = 4.4% = 0.044

Number of years = 30

Required Information:

Monthly payment with points = ?

Monthly payment without points = ?

Answer:

Monthly payment with points = $1,361

Monthly payment without points = $1,402.13

Step-by-step explanation:

The monthly payment can be found using,

$MP = P\times \frac{r\times (1+r)^{n}}{(1+r)^{n} - 1}$

P is the loan amount.

Where interest rate r is given by

$r = \frac{APR}{12}$

Total number of payments n are given by

$n = 30\times12 = 360$

Monthly payment with points:

Rhonda is considering purchasing 2 points and each decreases APR by 0.125%

So the APR becomes

$APR = 4.4\% - 0.125(2)\\\\APR = 4.4\% - 0.25\%\\\\APR = 4.15\%$

and the corresponding interest rate r is

$r = \frac{APR}{12}\\\\r = \frac{4.15\%}{12}\\\\r = 0.3458\% \\\\r = 0.003458$

Finally, the monthly payment is

$MP =280,000\times \frac{0.003458\times (1+0.003458)^{360}}{(1+0.003458)^{360} - 1}\\\\MP =280,000\times 0.0048608 \\\\MP = \$ 1,361$

Monthly payment without points:

Interest rate r is,

$r = \frac{APR}{12} \\\\r = \frac{4.4}{12} \\\\r = 0.3667\% \\\\r = 0.003667$

Monthly payment is,

$MP =280,000\times \frac{0.003667\times (1+0.003667)^{360}}{(1+0.003667)^{360} - 1}\\\\MP =280,000\times 0.0050076 \\\\MP = \$ 1,402.13$

So monthly payment with points is $1,361 and monthly payment without points is $1,402.13

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4 years ago

How do you tell if the shape on a data distribution is symmetric or not symmetric?

Vinvika [58]

Ok and see if it is linear

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4 years ago

Solve: 4x^2=100<br> What’s the answer

klasskru [66]

Answer:

x=5 or -5

Step-by-step explanation:

4x^2=100

x^2=25

x=5 or -5

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3 years ago

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Tresset [83]

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Step-by-step explanation:

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mel-nik [20]

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4 years ago