A family is thinking about buying a new house
1 answer:
Answer:
a.) 1908.30
b.) 96373.15
c.)302491.15
unrounded answers below
Step-by-step explanation:
The amount that is to be loaned out is 380000-110000=270000
The effective montly rate is .07/12=.005833333
a.)
b.)
use what is called the prospective method (the outstanding loan balance at time n is equal to the present value of the remaining payments)
c.)
total paid= 1908.303833*12*25=572491.1499
amount of loan: 270000
Total interest paid:
572491.1499-270000=302491.1499
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ANSWER:
Both functions have the same slope
The linear equation does not have a y-intercept
The table and the grahp express an equivalent function
STEP-BY-STEP EXPLANATION:
In order to compare, we must calculate the slope of the table, knowing that the equation in its slope and intercept form is the following:
The formula to calculate the slope is the following:
The points are (-6, -9/2) and (4,3), replacing:
The slope is 3/4
Now, for b
x = 4
y = 3
m = 3/4
replacing:
The equation is:
Therefore, the true statements are:
• Both functions have the same slope
,• The linear equation does not have a y-intercept
,• The table and the grahp express an equivalent function