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dem82 [27]
3 years ago
14

Leah is financing $340,000 to purchase a house. How much money will she save over the life of a 30-year, fixed-rate loan by buyi

ng 3 points with a rate of 6.475% instead of not buying points with a rate of 6.85%?
Mathematics
2 answers:
Juliette [100K]3 years ago
7 0

Answer:

pretty sure it is  $20198.40

Step-by-step explanation:

Stells [14]3 years ago
6 0

Answer:

$38250

Step-by-step explanation:

Given data

P= $340,000

t= 30-year,

r1= 6.475%

r2= 6.85%

For r1

A= P(1+rt)

A= 340,000(1+0.06475*30)

A= 340,000(1+1.9425)

A= 340,000*2.9425

A= $1000450

For r2

A= P(1+rt)

A= 340,000(1+0.0685*30)

A= 340,000(1+2.055)

A= 340,000*3.055

A= $1038700

The difference is '

= 1038700-1000450

=$38250

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galina1969 [7]

Using a proportional relationship, we have that:

  • a) The constant of proportionality is of 0.625, hence the equation is: y = 0.625x.
  • b) The distance of two cities that are 5 miles apart is of 8 kilometers.
  • c) When they are 200 kilometers apart, we have that the distance in miles is of y = 0.625(200) = 125.

<h3>What is a proportional relationship?</h3>
  • A <em>proportional relationship</em> is a function in which the <u>output variable is given by the input variable multiplied by a constant of proportionality</u>, that is:.

y = kx

  • In which k is the constant of proportionality.

Item a:

From the graph, when x = 8, y = 5, hence:

y = kx

5 = 8k

k = \frac{5}{8}

k = 0.625

The constant of proportionality is of 0.625, hence the equation is: y = 0.625x.

Item b:

From the graph, when y = 5, x = 8, hence:

  • The distance of two cities that are 5 miles apart is of 8 kilometers.

Item c:

When they are 200 kilometers apart, we have that the distance in miles is of y = 0.625(200) = 125.

You can learn more about proportional relationship at brainly.com/question/13550871

4 0
3 years ago
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Lana71 [14]

Answer:

Answer below

Step-by-step explanation:

2.08

2.082

2.8

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√8 (it's 2.8284)

3 0
3 years ago
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Chad has a rope that is 8 yards long. How many pieces of rope measuring 4/7 of a yard can he divide his rope into?
statuscvo [17]

Answer:

B

Step-by-step explanation:

Your answer is 28 because 4/7 turn it to a decimal and then divide 8 from it and that is how you get your answer 28.

Hope this helps:)

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The probability of winning the 2010 Megamillions lottery was about 0.0000000057. Write the number in scientific notation.
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Answer:

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Step-by-step explanation:

decimal point is 9 spots to the left that's why it's 10^-9

4 0
2 years ago
Solve for the unknown.
kenny6666 [7]

Based on the balance sheet of Company MSK, we can find the unknown amount of Net Income (loss) to be $18,843.

<h3>What is the Net Income (loss)?</h3>

The Assets as at 2021 should be equal to the sum of liabilities and equity.

The Equity is:

= Issued stocks + Net income - Dividends

The missing figure is therefore:

35,564 = 15,721 + 1,400 + Net Income - 400

Net Income = 35,564 + 400 - 15,721 - 1,400

= $18,843

Find out more on the Net Income at brainly.com/question/20598931.

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