![Supermate11](/avatars/40496.jpg)
Supermate11
27.01.2021 •
Mathematics
Anyone knows ?? Please
Solved
Show answers
More tips
- S Society and Politics 10 Tips for Boosting Your Self-Esteem...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
Answers on questions: Mathematics
- M Mathematics Write the general form of (x+3)^2+(y+6)=3...
- M Mathematics The equation y= x2-8x-18 is show by graph the equation y=x2-4x+7 is shown by graph the equation y=x+5 is shown by the equation y=-3x-6 is shown by...
- M Mathematics Multiplying polynomiala by binomials (a + b)(a + b) =...
- M Mathematics How to use mental math in 56,211 -6,189 ?...
- M Mathematics Afaucet is leaking at a rate of 4.2 milliliter per minute. how many gallons of water does the faucet leak per day? use 1 l = 0.26 gal. explain how you solved this problem...
- M Mathematics find the linear function represented by the graph. the slope of the line is the y-intercept of the line is at what linear function is represented by the graph?...
- M Mathematics What is the area of rectangle abcd given the information in the diagram? ad=16 fe =23 fd=de de = to dc f de...
- M Mathematics Calculate the area of a circle given the circumference...
- M Mathematics He orbiting space shuttle travels 465 km each minute. how far does the space shuttle travel in 1 hour? a.7.75 km b.525 km c.27,900 km d.669,600 km...
- M Mathematics Translate three is less than thirty-seven into a mathematical expression....
Ответ:
Mortgage option (3) would be best suited for them.
Step-by-step explanation:
Mortgage option (1) and (2) are more or less the same since, since even if Damarco and Tanya down payments $34,000 (20% of the purchase price), they need to pay the interest for 30 years for both of the cases and even if he pays about $750 monthly (as for option (1)) or about $ 9000 annually (as for option (2)) both may actually be more or less the same amount since, the annual rate of interest in (2) may increase from the initial rate of 3.5% (but it is very unlikely to increase to over 5%) and option (1) has an annual fixed rate of interest of 4.25%.
Now, in the option (3) the interest is to be paid for 8 years and the annual rate of interest is also relatively low (only 4%) and if they pay about $18,000 annually with a down-payment of $ 34,000 and repay the rest of the amount at the end of 8 years,(which would be less than $ 35,000) they can easily clear their mortgage. Hence, for option (3) they would need to pay lowest total amount and for lowest time to clear the mortgage among the three options. Hence, this would be best suited option for them.