1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jok3333 [9.3K]
3 years ago
6

A loan company will provide a loan to Bill and Hillary for 75% of the appraised value of their home. The interest rate is 10.5%.

The first monthly interest payment is $820. The bank requires 4 discount points (hint: a discount point is 1% of the loan amount) to obtain this interest rate. How much will the discount points cost?
Mathematics
1 answer:
ivann1987 [24]3 years ago
5 0

Answer:

The discount points will cost 3749.

Step-by-step explanation:

The first monthly interest payment is $820.

So, annual interest paid = 820\times12 = $9,840

Now, converting the annual interest to decimal = \frac{9840}{0.105} = $93,714.28

As given, the bank requires 4 discount points, this becomes 0.04.

So, total loan amount = 93714.28\times0.04 = $3748.57 ≈ $3749

Hence, the discount points will cost 3749.

You might be interested in
What is the distance covered by a train while slowing down from
alukav5142 [94]

Answer:

The distance covered is 113.75 m

Step-by-step explanation:

As per the question:

The initial velocity of the train, v = 20 m/s

The final velocity of the train, v' = 6 m/s

Uniform deceleration, a = 1.6m/s^{2}

Or uniform acceleration, a = - 1.6m/s^{2}

<em>Here, the body decelerates, i.e., slows down at a uniform rate thus we take acceleration with negative sign.</em>

Now, to find the distance covered, s:

Using the eqn of Kinemetics:

v'^{2} = v^{2} + 2as

6^{2} = 20^{2} + 2(- 1.6)s

36 - 400 = - 3.6s

s = \frac{- 364}{- 3.6} = 113.75\ m

5 0
3 years ago
how to solve this prroblem by marianne buys 16 bags of potting soil that come in 5÷8_pound bags .how many pounds of potting soil
barxatty [35]
So, she buys 16 bags, each of them weights\frac{5}{8} pounds.

to find how many pounds of soil she bought, we have to multiply:

16*\frac{5}{8}=//16 is equal to 8*2, so we can simpify:
2*\frac{5}{1}

which is 2*5=10

so in the end she bought 10 pounds of soil!

3 0
3 years ago
What type of relationship does this pair of angles have?
avanturin [10]

Answer:

Both add up to 180 degrees

4 0
3 years ago
Read 2 more answers
Cans of lemonade and packets of crisps were bought for the school disco in the ratio 3:2. The organiser bought 120 cans of lemon
koban [17]
120 dived by 3 multiplied by 2 is equal to 80 packs of crisps 
4 0
3 years ago
Please I'm GIVING 40 POINTS FOR REAL ANSWER
Charra [1.4K]

Answer:

x = 14

< A = 58 degrees

< B = 52 degrees

< C = 70 degrees

Step-by-step explanation:

Recall that the addition of the three internal angles of a triangle must render 180 degrees, then we can write:

<A + <B + <C = 180

and now replace with the algebraic expressions given for each angle:

2(x + 15) + 3 x + 10 + 5 x = 180

eliminate parenthesis

2 x + 30 + 3 x + 10 + 5 x = 180

combine like terms

10 x + 40 = 180

subtract 40 from both sides

10 x = 140

divide both sides y 10 to isolate x

x = 14

Now that we know x, we can calculate each of the angles using the fiven expressions:

< A = 2 (x + 15) = 2 (14 + 15) = 2 * 29 = 58 degrees

< B = 3 x + 10 = 3 * 14 + 10 = 52 degrees

< C = 5 x = 5 * 14 = 70 degrees

3 0
3 years ago
Read 2 more answers
Other questions:
  • which of the following represents the divisor and the dividend for the synthetic division problem below?
    15·1 answer
  • Determine if the shape shown is a triangel squear rectangel or hexagon or other
    7·1 answer
  • What does x equal if x^3-5x^2+2x=10
    8·1 answer
  • Verify that the points are the vertices of a parallelogram, and find its area. A(1, 1, 3), B(2, −5, 6), C(4, −2, −1), D(3, 4, −4
    13·1 answer
  • LIVE
    5·2 answers
  • Find the measure of angle ABC​
    9·1 answer
  • If a can of soup is $2.00 how many cans can you buy with $17?( Remember you can not buy a part of a can so round down)
    6·1 answer
  • Help me on dis please
    10·2 answers
  • Find the perimeter. Simplify your answer.
    13·1 answer
  • One angle in a triangle is 20 degrees more than the smallest angle in the triangle, while the other angle is 22 degrees more tha
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!