makaylahendrix7954
18.06.2020 •
Mathematics
John needs a loan of $120,000 to buy a home. He is given two choices.
Choice 1: 20-year fixed rate at 7% with closing costs of $1500 and no points.
Choice 2: 20-year fixed rate at 6.5% with closing costs of $1500 and 2 points.
Calculate the monthly payments and total closing costs for each choice.
a. What is the monthly payment for choice 1?
b. What is the monthly payment for choice 2?
C. What is the total closing cost for choice 1?
d. What is the total closing cost for choice 2?
e. Which choice is the better deal? Explain.
Solved
Show answers
More tips
- F Family and Home Ways to Attract Wealth into Your Home...
- F Family and Home 5 Tips for Choosing Toys for Your Child...
- L Leisure and Entertainment How to Find a Phone Number by Address: The Ultimate Guide...
- P Philosophy How to Properly Create a Vision Board?...
- C Computers and Internet What is Web 2.0 and How Does it Work?...
- S Style and Beauty Is Photoepilation the Solution to Unwanted Hair Forever?...
- O Other What is a Disk Emulsifier and How Does it Work?...
- F Family and Home What does a newborn need?...
- F Family and Home Choosing the Right Car Seat for Your Child: Tips and Recommendations...
- F Food and Cooking How to Get Reconfirmation of Registration?...
Answers on questions: Mathematics
- M Mathematics Value of x? How to do that?...
- M Mathematics Find the exact value of (sinθ) (cosθ) if cosθ 0 and tanθ = −2/3...
- M Mathematics HELP ME PLEASEEEEEEEEEEEEEEEE...
- M Mathematics (−10x^2+9)+(8x^2 −5x+7)...
- M Mathematics Blake drew a circle with an area of 1256 cm2. What is the diameter of that circle?...
- M Mathematics What is the point of intersection when the system of equations below is graphed on the coordinate plane? (x+y=4 [6x+y=-3) 1-3) (-1.3) (13) (-1-3)...
- M Mathematics A fitness center is interested in finding a 90% confidence interval for the mean number of days per week that Americans who are members of a fitness club go to their fitness...
- M Mathematics When the sine and of an angle in a right triangle have the same value . What is the tangent of that angle?...
- M Mathematics Simplify the expression and solve it in exponential form and standard form. use the equation below as an example....
- M Mathematics Which of these best represents the rate of change of the maximum area of grass mowed with respect to time in hours? A 1200 ft? / hr B 600 ft? / hr с 1200 hrs / ft2 D 600 hrs...
Ответ:
1. All planets in our solar system revolve around one star- our sun
2. The sun's gravity holds the planets in place. It provides them with heat and light.
3. It takes Earth 365 days to orbit the sun. Jupiter takes 12 years!