You need a loan of ​$110 comma 000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices. Choice​ 1: 15​-year fixed rate at 6​% with closing costs of ​$1200 and no points. Choice​ 2: 15​-year fixed rate at 5.5​% with closing costs of ​$1200 and 4 points.


What is the monthly payment for choice​ 1? ​$


​(Do not round until the final answer. Then round to the nearest cent as​ needed.)

Answers

Answer 1

Answer:

Monthly payment for choice​ 1 is $6,600

Step-by-step explanation:

We will use following formula in order to calculate the monthly payment of choice 1

Value of Loan = Monthly payment x ( 1 - ( 1 + Interest rate )^-numbers of payments / interest rate

Where

Value of Loan = $110,000

Interest rate = 6%

Numbers of Payment = 15 years x 12 payments / year = 180 payments

Placing values in the formula

$110,000 = Monthly payment x ( 1 - ( 1 + 6% )^-180 ) / 6%

$110,000 = Monthly payment x 16.6662

Monthly Payment = $110,000 / 16.6662

Monthly Payment = $6,600.18

Monthly Payment = $6,600 (Rounded to whole number)


Related Questions

A gym's membership in 2012 was 9,300. The current membership is 2,800. Which expression can be used to find the
percent of change?

Answers

Answer:

Find the difference between the two, divide by the years, and should get the percent of change

Step-by-step explanation:

The change in percentage is 69.89%.

Given that, a gym's membership in 2012 was $9,300.

What is percentage?

Percentage is defined as a given part or amount in every hundred. It is a fraction with 100 as the denominator and is represented by the symbol "%".

The current membership is $2,800.

We know that, the percentage change = (New value - Original value)/Original value × 100

Now, the percentage change = (9300-2800)/9300 × 100

= 6500/9300 × 100

= 0.6989 × 100

= 69.89%

Therefore, the change in percentage is 69.89%.

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1. Find f(3) for
the function
below.
f(x) = 4^x

Answers

Answer:

64

Step-by-step explanation:

f(x) = 4^x,

When x = 3,

=> f(3) = 4^3

= 4 * 4 * 4

= 64

Answer:

f(3) = 64

Step-by-step explanation:

To evaluate f(3), substitute x = 3 into f(x) , that is

f(3) = 4³ = 64

On a coordinate plane, a triangle has points D (negative 2.5, 5), E (0, negative 1), and F (negative 5, negative 1).

What is the y-coordinate of point D after a translation of (x, y) → (x + 6, y – 4)?

D′(3.5,___ )

Answers

Answer:

D = (3.5,1)

Step-by-step explanation:

(-2.5,5) is given

you must do (x+6,y-4)

x y

(-2.5,5)

-2.5+6=3.5

x=3.5

5-4=1

y=1

(3.5,1)

Answer:

(3.5, 1)

Step-by-step explanation:

edg 2021

Relationship B has a greater rate than Relationship A. This graph represents Relationship A.

Which equations could represent Relationship B?

Select each correct answer.


A.y = 1.4x

B.y=12x

C.y = 2.2x

D.y = 3x

Answers

I think it’s C: 2.2x (I’m so sorry if I’m wrong)

11/12 times 7 equals what in a fraction

Answers

Answer: 77/12

Step-by-step explanation:

1) 11/12 * 7 = (11*7)/12 = 77/12

Exact Form:
77/12

Decimal Form:
6.41
¯

Mixed Number Form:
6 5/12

BD = 8 and AB = 4 Find AD

Answers

Answer:

AD is 12

Step-by-step explanation:

Answer:

AD=12

Step-by-step explanation:

AB=4

BD=8

AD=AB+BD

AD=4+8

AD=12

Hope this helps :)

Please help me ffuufgigjgjfufjdjfjckcmdhsndjf

Answers

Answer:

1/16

Step-by-step explanation:

I usually provide explanations, but I'm pretty sure you need an answer fast. Tell me if you need an explanation!

Answer:

1/16

Step-by-step explanation:

please mark me brainliest

A grocery delivery service has 22 members. Each member pays monthly dues of $12.80
on the first day of the month,9 members paid
their dues. The remaining members paid
their dues on the third day of the month. How much
money was
collected in dues on the
(third days of the month?
A.115.20
B.232
C.166.40
D.131.84

Answers

Answer:

C

Step-by-step explanation:

If 9 members paid on the first day, this means they did not pay on the third day

The remaining people (everyone but the 9) paid on the third day

Therefore we must subtract to find out how many members paid on the third day

22 - 9 = 13

Each of the 13 members paid $12.80 which means we must multiply

13 × 12.80 = 166.40

In total, the grocery store collected $166.40 on the third day of the month

The answer is C. 166.40

22 - 9 = 13 ( members who paid on the third)
13 x $12.80 = $166.40

What is the slope of the linear function y= - 5/3 - x

Answers

Answer:

The slope-intercept form is y=mx+b y = m x + b , where m is the slope and b is the y-intercept. Using the slope-intercept form, the slope is 3 .

Step-by-step explanation:

brainliest please

Alex has twice as much money as Jennifer. Jennifer has $6 less than Shannon. Together they have $54. How much money does each have?

Answers

Answer:

Alex has twice as much money as Jennifer.

a = 2j

Jennifer has $6 less than Shannon.

j = s-6

j+6 = s

All together the three friends have $54.

a + j + s = 54

Replace a and s

2j + j + (j+6) = 54

4j = 54 - 6

4j = 48

j = 48/4

j = 12  

Jennifer has $12

Alex= 2*12 = $24

Shannon = 24+12+s = 54

= 36+s = 54

s = 18

Shannon has $18

A piece of cable 1/2 cm long weighs 25 grams. What will a 1 1/2cm length of the same cable weigh?

Answers

Answer:

75 grams

Step-by-step explanation:

1/2 cm = 25 grams

(1 1/2) /( 1/2) = 3 times as much

1 1/2 cm = 3 x 25 75 grams

y=ax2+bx+c standard form

Answers

Answer:

y=3x^2+12x+13

a=3

b=12

c=13

Step-by-step explanation:

Determine whether the statements are True or False. Justify your answer with an explanation.

If f(x) = x + 1 and g(x) = 6x, then (f ○ g)(x) = (g ○ f)(x).

If you are given two functions f(x) and g(x), you can calculate (f ○ g)(x) if and only if the range of g is a subset of the domain of f.

Answers

Problem 1

Answer: False

---------------------------------

Explanation:

The notation (f o g)(x) means f( g(x) ). Here g(x) is the inner function.

So,

f(x) = x+1

f( g(x) ) = g(x) + 1 .... replace every x with g(x)

f( g(x) ) = 6x+1 ... plug in g(x) = 6x

(f o g)(x) = 6x+1

Now let's flip things around

g(x) = 6x

g( f(x) ) = 6*( f(x) ) .... replace every x with f(x)

g( f(x) ) = 6(x+1) .... plug in f(x) = x+1

g( f(x) ) = 6x+6

(g o f)(x) = 6x+6

This shows that (f o g)(x) = (g o f)(x)  is a false equation for the given f(x) and g(x) functions.

===============================================

Problem 2

Answer: True

---------------------------------

Explanation:

Let's say that g(x) produced a number that wasn't in the domain of f(x). This would mean that f( g(x) ) would be undefined.

For example, let

f(x) = 1/(x+2)

g(x) = -2

The g(x) function will always produce the output -2 regardless of what the input x is. Feeding that -2 output into f(x) leads to 1/(x+2) = 1/(-2+2) = 1/0 which is undefined.

So it's important that the outputs of g(x) line up with the domain of f(x). Outputs of g(x) must be valid inputs of f(x).

The given statement is false.

What is composite function ?

Composite function is a combination of two or more than two functions combined by mathematical operation of addition,subtraction,multiplication and division.Where output of one function is input to the other function.

According to the given question two functions are given f(x) and g(x) and and we have to compose in different order and see if they are same or not.

Given, f(x) = x + 1 and g(x) = 6x

So, (fog)(x) is, output of g(x) is the input of f(x) which is

f(6x) = (6x) + 1

f(6x) = 6x + 1.

Now, (gof)(x) is, output of f(x) is now input of g(x) which is

g(x+1) = 6(x+1)

g(x+1) = 6x + 6.

Thus we can see fog(x) gof(x).

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If Jeremy is feeding his Chihuahua 1/2 cup of dog food but uses 1/10 of a cup, how many scoops will he need to feed his dog?

Answers

Answer: 5

Step-by-step explanation:

The question is asking how many tenths are in one half. You need to divide one half by one tenth. To divide fractions you need to invert and multiply.

1/2 ÷ 1/10

Step 1: Invert and multiply

1/2 × 10/1 = 10/2

Step 2: Simplify

10/2 = 5

A driver of a car stopped at a gas station to fill up his gas tank. He looked at his watch, and the time read exactly 3:40 p.M. At this time, he started pumping gas into the tank. At exactly 3:44, the tank was full and he noticed that he had pumped 10.2 gallons. What is the average rate of flow of the gasoline into the gas tank?

Answers

Answer:

2.55gallons.min

Step-by-step explanation:

given that the initial time before pumping is 3:40 p.M.

after pumping the time reads 3:44, hence he use 4 min to fill his tank

time taken=4 min

also given is that had pumped 10.2 gallons

the capacity of tank= 10.2gallon

Then the average rate of pump is

average rate= capacity of tank/time taken

average rate= 10.2/4min

average rate=2.55gallons.min

Does 1 2 and 5 make a right triangle

Answers

Answer:

Yes.

Step-by-step explanation:

If the catetes are 5 and 12, then the hypotenuse is 13, and it is a special right triangle.

PLZ HELP It’s due soon

Answers

Answer:

30

Step-by-step explanation:

Answer:

Oh thats easy its $30

Step-by-step explanation:

so for 2 icecreams it costs $6

so if u divide them it would become 1 icecream for $3 so

10 times 3 will be $30

rationalise the denominator 20 over root 2

Answers

Answer:

see explanation

Step-by-step explanation:

Given

[tex]\frac{20}{\sqrt{2} }[/tex]

To rationalise the denominator multiply the numerator and denominator by [tex]\sqrt{2}[/tex], that is

[tex]\frac{20(\sqrt{2}) }{\sqrt{2}(\sqrt{2}) }[/tex]

= [tex]\frac{20\sqrt{2} }{2}[/tex]

= 10[tex]\sqrt{2}[/tex]

is the line liner?
someone help i need this to pass

Answers

Answer:

yes

Step-by-step explanation:

Which equation is equivalent to 2x + 3y = 12?

Answers

3y = -2x + 12

Is Equivalent to that equation

Hope this helped :)

Bijou Museum sells 75% of its tickets for the regular price of $14. The remaining discount tickets are sold for the price of $10. Variable cost per guest is $2 for both groups, and fixed costs total $66,000 per month. What are the number of regular-price guests and discount guests at the breakeven point?

Answers

Answer:

Regular price guests = 3300

Discount price guests = 1100

Step-by-step explanation:

Breakeven point is the point where total revenue and total cost are equal.

Now, we know total cost is $66,000 per month.

Now, we are told that the museum sells 75% of its tickets for the regular price of $14.

If the total number of tickets is x. It means the number of regular tickets guests is 75%x = 0.75x

We are told that variable cost per guest in each group is $2. This means that total revenue from regular tickets guest is;

14(0.75x) + 2(0.75x) = 12x

Now, the remaining tickets are discount tickets sold for $10.

It means number of discount tickets guests = 0.25x

Total revenue from discount tickets =

10(0.25x) + 2(0.25x) = 3x

Thus, at break even point, we have;

12x + 3x = 66000

15x = 66000

x = 66000/15

x = 4400

Thus;

Regular price guests = 0.75 × 4400 = 3300

Discount price guests = 0.25 × 4400 = 1100

Which is not a pair of congruent angles in the diagram below?
angles BCD and BAD
angles ABD and BDC
angles BDA and DBC
angles ABD and BAD
:)

Answers

Answer:

angles ABD and BAD

Answer:

angles ABD and BAD

Step-by-step explanation:

What does losing 100 points do to an A-? What will my overall grade be after I lose the points?

I don’t know if this is different for other countries but I’m in America.

Answers

Answer:

Well from all the exams and assignments I've had, 100 points is the full grade so losing 100 points would mean you would fail with a 0

Log2 x + log2 (6-x)=3 solve for x algebraically

Answers

Answer:

The solution is x = 2 and x = 4

Step-by-step explanation:

Let us revise some rules in logarithmic function:

[tex]log_{a}(x)+log_{a}(y)=log_{a}(xy)[/tex]The logarithmic function is the inverse of the exponential function [tex]log_{b}(c)=a[/tex]  is the inverse of  [tex]b^{a}=c[/tex]

Let us solve the question

∵ [tex]log_{2}(x)+log_{2}(6-x)=3[/tex]

→ By using the first rule above

∴ [tex]log_{2}(x)(6-x)=3[/tex]

→ Multiply x by (6 - x)

∵ x(6 - x) = x(6) - x(x) = 6x - x²

∴ [tex]log_{2}(6x-x^{2})=3[/tex]

→ Change the logarithmic function to exponential function using

   the second rule above

∴ [tex]2^{3}=(6x-x^{2})[/tex]

∵ 2³ = 8

8 = 6x - x²

→ Add x² to both sides

∴ x² + 8 = 6x

→ Subtract 6x from both sides

∴ x² - 6x + 8 = 0

→ Factorize it into 2 brackets

(x - 2)(x - 4) = 0

→ Equate each factor by 0 to find the values of x

∵ x - 2 = 0

→ Add 2 to both sides

x = 2

∵ x - 4 = 0

→ Add 4 to both sides

x = 4

∴ The values of x are 2 and 4

The solution of the equation is x = 2 and x = 4

The area of a rectangle is x^2 - 6x - 7 with a width of x - 7. What is the lenght?

Answers

[tex] {x}^{2} - 6x - 7 = (x - 7)(x + 1) \\ [/tex]

[tex]width = (x - 7)[/tex]

So

[tex]length = (x + 1)[/tex]

Just it...

So we're done.

Thanks for watching buddy good luck.

♥️♥️♥️♥️♥️

A motorist drives at a constant rate of 60 kph. If his destination is 240 kilometers away from his
starting point, how many hours will it take him to reach the destination? Write a rule that best describes
the problem and draw its graph using any method.​

Answers

Answer:

4 hours

Step-by-step explanation:

240/60=4

The rule that best describes the problem is time = 240/60.

What is a unitary method?

A unitary method is a mathematical way of obtaining the value of a single unit and then deriving any no. of given units by multiplying it with the single unit.

Given, A motorist drives at a constant rate of 60 kph and his destination is 240 kilometers away from his starting point.

We know, Distance = time×speed.

time = distance/speed.

time = 240/60.

time = 4 hours.

speed×time = distance.

60t = 240.

60x = 240.  (x = t).

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You need two bottles of fertilizer to treat the flower garden shown. How many bottles do you need to treat a similar garden with a perimeter of 105 feet? A flower garden in the form of trapezoid is shown. The length of longer base is labeled 18 feet, shorter base is 15 feet, height is 4 feet, and one leg is 5 feet.

Answers

Answer:

26.25 bottles

Step-by-step explanation:

A flower garden in the form of trapezoid is shown. The length of longer base is labeled 18 feet, shorter base is 15 feet, height is 4 feet, and one leg is 5 feet.

Formula for perimeter of a trapezoid = Side a + side b + length a + length b

For the trapezium shown, its perimeter step 1,

we have to find the missing length

Length a

We are given height = 4 feet

Length of the longer base = 18 feet

Length of the shorter base = 15 feet

Different would give us the base of the right angle triangle

= 18 - 15 = 3 feet

Using Pythagoras Theorem we can find the side a = c

a² + b² = c²

3² + 4² = c²

9 + 16 = c²

c = √25

c = 5 feet

Hence side a = 5 feet

Perimeter of the Trapezoid shown =

18 feet + 15 feet + 5 feet + 5 feet

= 38 feet.

From the question,

You need two bottles of fertilizer to treat the flower garden shown. How many bottles do you need to treat a similar garden with a perimeter of 105 feet

Hence:

38 feet = 2 bottles

105 feet = x bottles

Cross y

= 38 × x = 105 × 2

= 38x = 105 × 2

x = 105 × 2/38

x = 26.25 bottles

26.25 bottles of fertilizer is needed to treat the garden with a perimeter of 105

can anyone answer this?

Answers

Answer:

it is J

Step-by-step explanation:

which programming language was used in the first generation conputer
I:machine language
2:assembly language
3:high level language
3:natural language​

Answers

Answer:

machine language

Step-by-step explanation:

The computers in this generation used machine code as the programming language.

The machine language also referred to as the native language of the computer system is the first generation programming language. In the machine language, a programmer only deals with a binary number. They are translation free and can be directly executed by the computers.

Solve the equation.
m2 = 43

Answers

Is that 2m=43 or m^2=43??

If 2m=43 then...

m=43/2

m=21.5

If m^2=43 then...

m=√43

Answer:m=21.5

Step-by-step explanation:

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