Answer:
$390,900
Step-by-step explanation:
Given:
Initial payment = $965
New rapayment = $925 when she decided to refinance her ballon payment with a 30 year mortgage
In this case, a 5/25 ballon mortgage simply means loan repayment for the first 5 years is at a fixed rate.
Which means the total amount she paid in the first five years was=
12 * 5 * $965 = $57,900
When she refinanced the payment with a 30 year mortgage, her total payment = $925 * 12 * 30years = $333,000
Total financed cost Patricia paid =
$57,900 + $333,000 = $390,900
Answer:
4x+7=23
4.4+7=23
Step-by-step explanation:
23-7=16
16/4=4
The answer is 11.13 so in nearest tenth it would be 11.1
Answer:
450 people paid the discounted fare and 750 people paid the regular fare.
Step-by-step explanation:
let r be regular fares paid and d be discounted fares paid
Total fares = 0.8r + 0.4d = 780
Since 1200 people paid the fares,
r + d = 1200 = Total people
Rearrange this formula:
r = 1200 - d
Substitute r into Total Fares formula
Total fares = 0.8r + 0.4d
780 = 0.8(1200-d) + 0.4d
780 = 960 - 0.8d + 0.4d
780 = 960 - 0.4d
0.4d = 180
d = 450
Sub d=450 into Total people formula
r + d = 1200 = Total people
r + 450 = 1200
r = 1200-450
r = 750
450 people paid the discounted fare and 750 people paid the regular fare.
Answer:
Step-by-step explanation:
