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Tom [10]
2 years ago
10

Dont just say a random percentage to get brainliest i actually need help​

Mathematics
1 answer:
elena-14-01-66 [18.8K]2 years ago
3 0

Answer:

8/40 = 20%

Step-by-step explanation:

Simply count the cubes in the blue rectangle, then count the cubes in the red rectangle. Divide red by blue, multiply that by 100. Thus giving your percent.

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Lenny and Lisa have obtained a 30-year, fixed rate mortgage for $675,250 with a 7.25% interest rate. They purchased 3 points and
Vikentia [17]

Answer:

119 months

Step-by-step explanation:

In this question, we are asked to calculate the amount of time it would take for a break-even point on a mortgage, if there is a factoring in the cost of points.

We proceed to answer the;

Mathematically,

The Break Even Point = Amount Paid for purchasing Discount Points divided by Monthly savings in the interest payments

We lost out the important values given in the question as follows:

Amount of Mortgage - $675,250

Tenure - 30 Years

The Rate of interest without points = 7.25%

The number of points = 3 points

The rate of interest with the 3 points = 6.875%

The amount to be paid for purchasing the discount point is now calculated below;

Since 1 discount point = 1% of mortgage value;

Therefore, 3 discount points = 3% of mortgage value

The amount paid is thus = 3% of $675,250 = $20,257.5

To calculate Monthly payment without points, we use the mathematical formula;

M = P[r(1+r)^n/((1+r)^n)-1)]

Where M

Is monthly payment, r is the interest rate, n is the number of months.

According to the question M = 675,250, r = 7.25% = 7.25/100 = 0.0725 , n= 30 * 12 months = 360 months

M = 675,250[0.0725(0.0725+1)^30/(1+0.0725)^360)-1) = $4606.40

To get the monthly payment with points, we simply use the formula again but this time interest rates will be 6.875% = 0.06875 I.e r = 0.06875

Inputting the terms in the formula will yield a value of $4435.91. This means monthly payment with discount will be $4435.91

Savings in monthly payments after purchasing the discount points = $4,606.40 - $4,435.91 = $170.48

Break Even = Purchase cost of Discount Points / Monthly savings

= $20,257.5 / $170.48

= 119 Months

Hence, the number of months it will take Lisa and Lenny to break-even point on their mortgage will be 119 months

6 0
3 years ago
M-4=2m how to solve this
Phantasy [73]
m-4=2m\\m-2m=4\\-m=4\ \ \ \ \ \ \ \ \ \ \ \ |*(-1)\\m=-4
3 0
3 years ago
Read 2 more answers
Convert 203 yards into meters.
yuradex [85]

Answer:

184.73

Step-by-step explanation:

1 yard = 0.91m

203 yard=?

(203x0.91)/1=184.73.

+1(415) 450-6164

3 0
2 years ago
Can someone plzz help me with these two answers?
galina1969 [7]
The answer to #5 is 171
The answer to #6 is -344
8 0
3 years ago
Z=b+ m/a, solve for a
Tpy6a [65]
You can not solve for a as all of the numbers are unknown
7 0
3 years ago
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