A=7.51
B=3.49
C=1.371
D0.1371
Answer:The way to answer this would be to show you a calculator's answer
Step-by-step explanation:
https://www.calculator.net/triangle-calculator.html?vc=45&vx=&vy=20&va=90&vz=&vb=45&angleunits=d&x=62&y=20
Answer:
Kindly check explanation
Step-by-step explanation:
Given the following :
Price of home = $220,000
Down payment = 20%
3 points at closing
30 years fixed rate mortgage at 7%
A.)The down payment :
20% of price
0.2 × $220,000 = $44,000
B.) Amount of the Mortgage :
Price - down payment
$220,000 - $44,000 = $176,000
C.) Amount to be paid for the 3 point of closing :
3% of mortgage amount
0.03 * $176,000 = $5,280
D.) monthly payment :
(mortgage amount(1 + rate)) / 30* 12
176000(1 + 0.07)
($176,000 + $12320) / 360
$523
E.) Total cost of interest :
0.07 * 176000 = $12,320
These are the whole numbers:
A. 126
C. 29
E. 36753
The other two are not whole numbers:
B. 1/2
D. 71.1