Mathematics, 14.12.2021 21:00, shaylakabler333
If you borrow $220,000 at an APR of 3.5% for 25 years, you will pay $1,101.37 per month. If you borrow the same amount at the same APR for 30 years, you will pay $987.90 per month.
a. What is the total interest paid on the 25-year mortgage?
$110,411.00
b. What is the total interest paid on the 30-year mortgage?
$135,644.00
c. How much more interest is paid on the 30-year mortgage? Round to the nearest dollar.
$25,233.00
d. If you can afford the difference in monthly payments, you can take out the 25-year mortgage and save all the interest from part c. What is the difference between the monthly payments of the two different mortgages? Round to the nearest dollar
Answers: 2
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The class wants to raise a total of $750.if they receive a profit of $1.25 from each candybar sold, how many bars must they sell to reachtheir goal
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The number of chocolate chips in a bag of chocolate chip cookies is approximately normally distributed with a mean of 12611261 chips and a standard deviation of 118118 chips. (a) determine the 2626th percentile for the number of chocolate chips in a bag. (b) determine the number of chocolate chips in a bag that make up the middle 9696% of bags. (c) what is the interquartile range of the number of chocolate chips in a bag of chocolate chip cookies?
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Aparticular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?
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If you borrow $220,000 at an APR of 3.5% for 25 years, you will pay $1,101.37 per month. If you borr...
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