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Salsk061 [2.6K]
2 years ago
13

How would a bigger down payment be beneficial to borrowers? a. A bigger down payment is only beneficial for a person applying fo

r a home loan. B. A bigger down payment is essentially a bribe to the dealership, guaranteeing a few extra bells and whistles for free. C. A bigger down payment means that the borrower has more money, and can afford a bigger loan. D. A bigger down payment is money paid toward principal, interest free, which also decreases the amount paid monthly.
Mathematics
1 answer:
lawyer [7]2 years ago
3 0

The correct option is D, A bigger down payment is money paid toward principal, interest-free, which also decreases the amount paid monthly.

<h3>What is interest?</h3>

The amount of money a lender or financial organization earns for lending out money is known as interest.

We know that monthly payments include the interest on the principal amount that is not been paid during the purchase of an item, if the down payment is more than the principal amount that the customer does not pay will decrease which will decrease the loan amount, thus, the interest on the principal amount will decrease as well.

Now, as the interest and the principal amount have both is been reduced, therefore, the monthly instalment(monthly payment) will be reduced as well.

Hence, the correct option is D, A bigger down payment is money paid toward principal, interest-free, which also decreases the amount paid monthly.

Learn more about Interest:

brainly.com/question/2793278

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Find the slope of each line passing through the given points using the slope formula. Describe the slope as positive,negative, z
kogti [31]

Answer:

0/13 This is a zero slope

Step-by-step explanation:

y2-y1/x2-x1

if the number in the numerator is a zero, it is a zero slope. if the zero is in the denominator it is undefined

trick for remembering zero slope vs undefined: if the zero is UNDEr it is UNDEfined- this makes more sense if you say it out loud ;)

7 0
2 years ago
y = x2 - 6x - 8 Complete the square in the quadratic equation in order to write the equation in vertex form.
Airida [17]

Answer:

y = (x-3)^2 - 17

Step-by-step explanation:

To complete the square, take the middle term bx and divide it in two. Then take the square.

x^2 - 6x - 8 has bx = -6x. Take -6/2 = -3. Square -3^2 = 9.

Now to finish completing the square add 9 and subtract 9 from one side.

y = x^2 - 6x - 8

y = (x^2 - 6x +9) -9 - 8

y = (x-3)^2 - 17

8 0
3 years ago
Write an equation describing the relationship of the given variables. y varies inversely as the cube root of x and when x=125, y
notka56 [123]

Answer:

y = 40 / x^1/3

Step-by-step explanation:

Given that :

y α x^1/3

y = k * 1 / x^1/3

y = k / x^1/3

When x = 125 ; y = 8

8 = k / 125^1/3

Cube root of 125 = 5

8 = k / 5

8 * 5 = k ; k = 40

Hence, expression becomes :

y = 40 / x^1/3

4 0
2 years ago
"13 less than two-thirds of a number"
Sindrei [870]
The answer to your question is 13<2/3
7 0
3 years ago
Read 2 more answers
4y + 12 = 7 - 5y thank you :)
riadik2000 [5.3K]
Y= -5 i am pretty sure
3 0
3 years ago
Read 2 more answers
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