Jacqueline is deciding between two mortgages for her new home. The first
mortgage is an 80/20 mortgage with interest rates of 4.75 and 7.525%,
respectively. The second mortgage is a 30-year mortgage with a 5.25% and a
$58.30 monthly PMI. If the house price is $145,000, which mortgage payment
will be lower initially, and by how much?
A. 30-year mortgage by $49.93
B. 80/20 mortgage by $41.34
C. 80/20 mortgage by $50.62
D. 30-year mortgage by $33.56

Answers

Answer 1

Answer:

80/20 mortgage by $37.25

Step-by-step explanation:

First mortgage

0.8 × 145000 = 116000 PMT multiply both of them

= 116000(.0475/12) / [1 - (1 + .0475/12)^(-12 * 30)] PMT = 605.11

The 2nd Mortgage 0.2 × 145000 = 29000

2nd mortgages are normally only interest payments

I = 29000(.07525/12) I = $181.85  divide the interests by the denominator

605.11 + 181.85 = 786.96

Second Mortgage

PMT = 145000(.0525/12) / [1 - (1 + .0525/12)^(-12 * 30)] divide the mortage

PMT = 800.70

800.7 + 58.3 = 859.00

Therefore, the 80/20 mortgage is lower by $37.25¢

Answer 2

Answer: 50.62

Step-by-step explanation: took the quiz


Related Questions

Please help.
Is algebra.
PLEASE HELP NO LINKS OR FILES

Answers

Answer:

Use https://www.bartleby.com/  it has helped me out a lot . Its actual tutors/teachers who answer your questions in about 30 minutes :)

Step-by-step explanation:

You roll a number cube one time. What is the probability that you roll a 1 or 3? Enter your answer as a
fraction in simplest form.
The probability that you roll 1 or 3 is

Answers

Answer:

well, if the number cube has 4 sides then the answer is 1/2

The table shows a relation. ​Which statement about the relation is correct?

Answers

Answer:

c: the relation is not a function because one input has more than one output

Given the area of a triangle, find the two possible values of an angle. (Also two sides of the triangle is given). You can make up values to find it out.

Answers

Answer:

please give me free brainiest

Step-by-step explanation:

a / sin (α) = b / sin (β), so. β = arcsin [b * sin (α) / a] =. arcsin [14 in * sin (30°) / 9 in] =. arcsin [7/9] = 51.06°. From the theorem about sum of angles in a triangle, we calculate that γ = 180°- α - β = 180°- 30° - 51.06° = 98.94°. The triangle angle calculator finds the missing angles in triangle.

Step-by-step explanation:

Question 5 options:
The radius of a circle is 18.4 inches. The circle's circumference is about ___ inches.

Use 3.14 for ​.

my answer was 115.61, please check for me?

Answers

Yes your answer is correct


6W = 60
A. 6
B. 10
C. 12
D. 30

Answers

Answer:

B) 10

Step-by-step explanation:

6W = 60

divide both sides of the equation by 6:

6W/6 = 60/6

W = 10


Find the value of X.

Answers

Answer:

x=5

Step-by-step explanation:

13x+3= 15x-7

2x=10

x=5

x is equal to 5
x = 5

john simplified 2 square root of 96 to get an answer of 4 square root 24
Explain the error that john made and then correct his mistake

Answers

Answer:

Step-by-step explanation:

2√96 = 2* √(4 * 24)

= 2*2√24

= 4√24

That is equal to 2√96 but a simpler result is:

4√24 = 4 * √4*√6

= 4 *2 √6

= 8√6

What is the measure of ABC?

Answers

A. 44

Step-by-step explanation:

An inscribed angle measures the middle of this arc.

Fill in the blank to complete the equation below__ + 81 = 9(7+9)

Answers

Answer:

63

Step-by-step explanation:

Answer:

Step-by-step explanation:

the answer is 63, first do 7+9, which is 16. 9x16=144. 144-81=63, which is why i believe the answer is 63.

PLS HELP (image is down below)

Answers

Answer:

D) 30

Step-by-step explanation:

Hope this helps

Answer:

Down below

Step-by-step explanation:

easy way to get all possible answers is to multiply the number of choices you have.

for color there are 5 choices. color = c

for size there are 3 choices. Size = s

for Material there are 2 choices. Material = m

[tex]c*s*m\\5*3*2\\30=total[/tex]

your answer would be D. sorry if this is incorrect.

Help me please i dont understand

Answers

Answer:

C=75.36

A=452.16

Step-by-step explanation:

C=2x3.14xr

[tex]2[/tex]×[tex]\pi[/tex]×[tex]12=75.36[/tex]

A=3.14×[tex]r^{2}[/tex]

3.14x12x12=452.16

The length of a rectangle is 5 centimeters less than 2 times the width.
a. Write a polynomial expression that represents ( 2 points )
the area of the rectangle.Simplify the expression.

Answers

Given:

The length of a rectangle is 5 centimeters less than 2 times the width.

To find:

The polynomial expression that represents the area of the rectangle, then simplify the expression.

Solution:

Let [tex]x[/tex] be the width of the rectangle.

The length of a rectangle is 5 centimeters less than 2 times the width.

2 times the width = [tex]2x[/tex]

5 centimeters less than 2 times the width = [tex]2x-5[/tex]

Length of the rectangle = [tex]2x-5[/tex]

We know that, the area of a rectangle is:

[tex]A=length \times width[/tex]

[tex]A=(2x-5)\times x[/tex]

[tex]A=2x^2-5x[/tex]

Therefore, the required polynomial expression is [tex]A=(2x-5)\times x[/tex] and its simplified form is [tex]A=2x^2-5x[/tex].

Lillian purchased a guitar from Smash Music Stores. It regularly sold
for $670, but was on sale at 10% off. She paid 8% tax. She bought it on
the installment plan and paid 15% of the total cost with tax as a down
payment. Her monthly payments were 558 per month for one year.
a. What is the discount?
b. What is the sale price?
What is the sales tax?
d. What is the total cost of the guitar?
e. What is the down payment?
f. What is the total of the monthly payments?
g. What is the total she paid for the guitar on the installment
plan?
h. What is the finance charge?

Answers

Answer:

Step-by-step explanation:

Justin used a container shaped like a cylinder for his dog's food. The dimensions of the container are shown below. What is the measurement closest
to the volume of the container in cubic inches?

Answers

17. ss s s s s s s. ss. s s s s s. s s s s s s f f f f d d d. d

Robert decides to repaint his ceiling, which is 14 ft by 20 ft. He wants to make sure to not paint the circular light fixture with a diameter of 3 feet. How many square feet will Robert be painting? Use π=3.14 and round to the nearest hundredth.

Answers

Answer:

273 square feet

Step-by-step explanation:

According to the scenario, computation of the given data are as follows,

Total ceiling area = 14ft × 20ft = 280 square feet

Diameter of circular light fixture = 3 feet

Radius of circular light fixture = 1.5 feet

So, Area of circular light fixture = π[tex]r^{2}[/tex]

= [tex]3.14(1.5)^{2}[/tex]

= 3.14 × 2.25

= 7.065 or 7 square feet

So, area for painting = Total ceiling area - Area of circular light fixture

= 280 - 7

= 273 square feet

Javon has a credit card with a $1,583 balance. His interest
rate is 8.8%. If he does not pay for 3 years, how much
Interest does he owe?

Answers

I believe the answer is $417.91

Perform the indicated operation. 4/7x2 -3/2x3

Answers

Answer: look at the picture

Step-by-step explanation: Hope this help :D

Raymond wants to buy a cake and 11.5 pounds of ham. The cake cost $15, and he spent $38 in total. In which equation does x represent the cost of the ham?
A. 15x+11.5=38

B. 11.5x+15=38

C.38x+11.5=15

D. 11.5(x+15)=38

Answers

Answer:

D. 11.5(x+15)=38

Step-by-step explanation:

Evaluate the geometric series

Answers

Your multiplying by -4 each time

-1x-4=4

4x-4=-16

-16x-4=64

Marius and her 19 friends share 99$? how much will each person get if she shares it equally amongst her and her friends?

Answers

Answer:

Each would get $4 50

Step-by-step explanation:

Marius + her friends = 20 persons

99÷20 = 4.50

Lizzie and Jane share 2690 beads equally between them. They cre
jewellery items to sell at the school fayre. Jane needs 7 beads per
item and Lizzie needs 8 beads per item. Who, if anyone, will have me
most number of beads left over?​

Answers

Answer:

both of them would have the same amount of beads left over

Step-by-step explanation:

Divide 2690 by 2 = 2690/2 = 1345

divide 1345 by 7 = 192

this remains 1

divide 1345 by 8 = 168

this remains 1

Determine the area of the trapezoid.

Answers

Answer:

a your answer is 87.5

Step-by-step explanation:

( (9+16)/2 ) (7)

add 9 and 16 and then divide by 2 and then mutrilply by 7

The answer is A . I hope it’s right

what is the solution to the system of equations below? 3x+4y-2z=-1 -x+6y+2z=7 4x-2y+3z=27

Answers

Answer:

(3x+4y-2z=-1)= x=-1/3-4/3y+2/3z

(-x+6y=2z)= x=-7+6y=2z

(4x-2y+3z=27)= x=27/4+1/2-3/4z

Step-by-step explanation:

What term do you need to add to each side to complete the square? 3y^2 +8y=4 ​

Answers

the top comment above is a scam, if you ever see them comment tell people to report their comments.

please help to solve. with steps please.
[tex] {6x}^{2} {y}^{5} \div 3(x {y}^{2} )^{3} [/tex]

Answers

Get the app Photomath

Help plzz need the answer and that explanation plz don't send a file

Answers

Answer:

C.

Step-by-step explanation:

None of these numbers have perfect square roots, but  is the closest to the point on the number line. The square root of  is 6. 244997998398398. Rounding that number we get approximately 6.3.

Find the volume of the prism with a height of 3 ft and a base of 2 ft and 4 ft

Answers

Answer:

52 I'm pretty sure

Step-by-step explanation:

3x2= 6

3x4=12

4x2=8

8+12+6= 26

26X2=52


If the surface area of a sphere is represented by 144 pi, what is the volume in terms of pi?

Answers

Answer:

288 pi

Step-by-step explanation:

Find the slope of a line that passes through the points (7, 3) and (5, 1)

Answers

Answer:

slope = 1  

Step-by-step explanation:

Use the slope formula  [tex]m = \frac{y_2-y_1}{x_2-x_1}[/tex] to find the slope. Substitute the x and y values of (7,3) and (5,1) into the formula and solve like so:

[tex]m = \frac{(1)-(3)}{(5)-(7)} \\m = \frac{1-3}{5-7} \\m = \frac{-2}{-2} \\m = 1[/tex]

So, the slope of the line is 1.

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