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2 years ago

An investor obtains a balloon mortgage with the terms shown below.

Mathematics

1 answer:

Flauer [41]2 years ago

6 0

9514 1404 393

Answer:

a. $3,455.20

Step-by-step explanation:

The monthly payment is given by the amortization formula:

A = P(r/12)/(1 -(1 +r/12)^(-12t))

for loan amount P at annual rate r for t years.

For this mortgage, we use P = $530,000, r = 0.068, t = 30.

A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20

The monthly payment is $3,455.20.

_____

Additional comment

In 7 years, the balloon payment will be $481,559.91.

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Will mark as brainiest answer!!!!! Please show work as to how you found the answer

Alchen [17]

(2,8) and (-2,10)

y₂ - y₁ used to find the slope
x₂ - x₁

plug in the coordinates
10-8 = 2 all equals -1/2
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plug one of the coordinates and the slope into y=mx+b, and solve
8=-1/2(2)+b
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3 years ago

the width of a rectangle is the length minus 2 units. The area of the rectangle is48 units. What is the width, in units, of the

tatuchka [14]

Answer:

Step-by-step explanation:

put unknown as y

area of rectangle = width × long

y(y - 2)=48

y² -2y =48

u can use scientific calculator to find this

y²-2y-48=0

(y-8)(y+6)=0

y=8 y=-6

take the positive value and ignore the negative value

width=y-2 long=8

8-2=6

I hope this help you :)

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3 years ago

Write 1 1/4 as a decimal and percent? decimal_____________ percent_____________

jarptica [38.1K]

Decimal 1.25
percent 125%

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3 years ago

Read 2 more answers

Tell whether the angles are adjacent or vertical. Then find the value of x.

krok68 [10]

Answer : The angles are vertical angles and the value of x is $25^o$

Step-by-step explanation :

Adjacent angles : It is defined as the two angles that have the common arm and common vertex.

Vertical angles : It is defined as the two lines intersect each other and form angles. The opposite angles are known as vertically opposite angles.

And we know that the vertically opposite angles are equal.

In the given image, the angles are vertical angles and vertically opposite angles are equal.

So,

$(4x-25)^o=75^o$