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
Step-by-step explanation:
Slope: −2
y-intercept: (0,1)
Answer:
Answer: 129
Step-by-step explanation:
the mean is the average of the data. including x, there are 6 data points
average = total/6
average = (98 + 123 + 105 +114 +109 + x) / 6
113 = (98 + 123 + 105 +114 +109 + x) / 6
113 = (549+ x) / 6
678 = 549 + x
x = 129
The answer is c I might be wrong
The ratio can be determined as,
Thus, the requried ratio is 7:12.