The answer is B. The slope is -4 and the y-intercept is 1, so the equation is
<em>y=-4x+1</em>. That matches with option <em>B.
</em>
I hope this helped. You can mark me brainliest if you think I deserve it (:
It seems the real problem here is
1) determining the amount of time
2) determining the interest rate
Using a loan payment calculator, http://www.1728.org/mortmnts.htm
we determine that $235,000.00 financed for 30 years at a 7.7215% interest rate yields a monthly payment of $1,678.94
When financing a mortgage, (for example 30 years) in the early years of the mortgage, the vast majority of the payment goes to interest.
So, for your first payment, of $1,678.94, the amount going to interest is $1,512.13 and the amount going to principal is $166.81.
Basically, after spending $1,678.94 on your first mortgage payment, you actually own (the equity) $166.81.
The 3rd option, it's a reflection
Answer: 21 packages
Step-by-step explanation:
Khan Academy
