Answer:
<em>Joe's monthly payment is $661 and his total interest cost is $127710.</em>
Step-by-step explanation:
Joe Levi bought a home for $147,000 and put down 25% and obtained a mortgage for 30 years at 6.00%
So, the amount of down payment ]
and the amount of mortgage will be:
<u>Formula for monthly payment:</u> , where Monthly payment, Principal loan amount, rate of interest per month and total number of months.
Here, , and months.
Plugging these values into the above formula, we will get.........
So, Joe's monthly payment is approximately $661.
- Total amount paid in 30 years
So, Joe's total interest cost will be:
f(x) increase by a factor of 8
So, Option D is correct.
Step-by-step explanation:
We need to find how does f(x) = 8x change over the interval from x = 1 to x = 2
So, we need to find the average rate of change.
The average rate of change can be found using the formula:
In the given question the interval is from x=1 to x=2
so, b=2 and a = 1
Finding f(b) and f(a)
f(b)=f(2)=8x=8(2)=16
f(a)=f(1)=8x=8(1)=8
Rate of change is:
So, f(x) increase by a factor of 8
So, Option D is correct.
Keywords: Rate of change
Learn more about Rate of change at:
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Answer:
It would be y=2x+4 since the slope is 2 and the y-intercept is 4
(your welcome!)