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: y = 2x+22
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Explanation:
The equation y = 2x+5 is in the form y = mx+b
m = 2 = slope
b = 5 = y intercept
Parallel lines have equal slopes, but different y intercepts. So the answer will be in the form y = 2x+c, where b and c are different numbers. Since b = 5, this means c must be some other number. If c = 5, then we'd have the exact same line.
Let's plug in (x,y) = (-5,12), along with the slope m = 2, and solve for c
y = mx+c
12 = 2(-5)+c
12 = -10+c
12+10 = c
22 = c
c = 22
Since m = 2 and c = 22, we go from y = mx+c to y = 2x+22
The equation of the parallel line is y = 2x+22
The graph is below.
