A family wants to purchase a house that costs $185,000 . They plan to take out a $135,000 mortgage on the house and put $50,000 as a down payment. The bank informs them that with a 15-year mortgage their monthly payment would be $925.14 and with a 30-year mortgage their monthly payment would be $615.65 . Determine the amount they would save on the cost of the house if they selected the 15-year mortgage rather than the 30-year mortgage. Savings = $

Answers

Answer 1

Answer:

4,592.4

Step-by-step explanation:

925.14×15 = 13,877.1

615.65x30=18,469.5

18,469.5

- 13,877.1

= 4,592.4

Answer 2

Answer:

$55,108.80

Step-by-step explanation:

15 year mortgage

925.14/month times 180 months =

$166,525.20

30 year mortgage

615.65/month times 360 months =

$221,634

$221,634 - $166,525.20 =

$55,108.80

So the difference between the 15 year mortgage and the 30 year mortgage is $55,108.80


Related Questions

What is the solution of 25 - 3p = 55? Use a table.
A. p = -10
B. p = -5
C. p.= 5
D. p = 10

Answers

Answer:

A. p = -10

Step-by-step explanation:

i took the test

A parking attendant charges a different rate for cars than for trucks. It costs $10.75 to park 3 cars and 2 trucks. It costs $12.25 to park 7 cars and 1 truck. How much does it cost to park a single car? A single truck?

Answers

Answer:

$1.25 to park a car and $3.50 to park a truck

Step-by-step explanation:

Set up a system where c is the number of cars parked and t is the number of trucks:

3c + 2t = 10.75

7c + t = 12.25

Solve by elimination by multiplying the bottom equation by -2 to eliminate t:

3c + 2t = 10.75

-14c - 2t = -24.5

Add them together and solve for c:

-11c = -13.75

c = 1.25

Then, plug in 1.25 as c in the equation to solve for t:

3c + 2t = 10.75

3(1.25) + 2t = 10.75

3.75 + 2t = 10.75

2t = 7

t = 3.5

So, it costs $1.25 to park a car and it costs $3.50 to park a truck

The consumer price index is
___

Answers

Answer:

the consumer price index measures changes in the price level of a (weighted) average market basket of consumer goods and services.

Mike can read 15 pages of a book in 24 minutes.
At this rate, how many minutes will it take Mike
to read 45 pages of the book?
Previous
Next
36
54
72
84

Answers

72 minutes

Take 24 divided by 15 = 1.6 minutes per page
Then take 1.6x45=72

2(3x–1)=9(x–2)–7 simplify plz help

Answers

Hi

2(3x-1) = 9(x-2)-7

6x-2 = 9x-18-7

6x-9x = 2-18-7

  -3x = -23

      x =  23/3

5.6 as a fraction show all work

Answers

Answer:

5       6/10

Step-by-step explanation:

I can't really write a fraction but it would be 5 the 6 over 10. Hope this helps!

Marco's football team gained 13 yards on their first play, but lost 7 yards on the second. How many yards did they gain between the two plays?

Answers

Answer:

6

Step-by-step explanation:

thirteen minus seven equals six

Answer:

6

Step-by-step explanation:

13 minus 7 equals 6

hope this helped you

A club has 20 members, 12 boys and 8 girls. The club needs to select a president, vice-president and secretary. They decide to select randomly. What is the probability that: a) The officers are all female? b) The officers are all male? c) At least one member from each gender is an officer?

Answers

Answer:

a)2/5

b)3/5

C) 1

Step-by-step explanation:

a-8/20=2/5

b-12/20-3/5

c-12+8=20/20=1

i am not that sure about c

hope this help

what is 135 square root in between on a number line?

Answers

Answer:

11.61

Step-by-step explanation:

It has to be between 11 and 12 and closer to twelve

I need helppppp it’s geometry

Answers

Answer: Corresponding Angles

Step-by-step explanation:

When two lines are crossed by another line (The Transversal), the angles in matching corners are called Corresponding Angles.

Solve the equation for 'C' B + C = -D ​

Answers

Answer:

C = -D - B

Step-by-step explanation:

Step 1: Write out equation

B + C = -D

Step 2: Subtract B on both sides

C = -D - B

Please Help ASAP Will give the brainiest answer

Answers

I'll give you the answers but make sure you know how to do these.

1) -32

2) -11

3) 77

4) -23

5) -1.3

6) -19.32

7) -10.4

8) 1.408

9) -1/4

10) 9/5

11) -1/6

12) -2 2/3

Hope this helps

The lifespan of a zebra is 15 years. The lifespan of a black bear is 3 years longer than the lifespan of a zebra. Write an addition equation that you could use to find the lifespan of a bear.​

Answers

Answer:

15+3=18 years

Step-by-step explanation:

Since the black bear lives 3 years longer than the zebra, all it really means is 3 additonial year so you add 3 on to the 15.

15 + 3 = 18 my guy you got this

Sean says that to add a number to -100 and still have -100 is to add a zero.Candice says that she can add 2 numbers to -100 and still have -100. Who is correct and why?

Answers

Answer:

Sean because zero added to anything is the same answer.

Step-by-step explanation:

Which Set Of Numbers Does √35 Belong?

Answers

Answer:

rational

Step-by-step explanation:

What is the value of ​2×[34−5×(3+1)]​ ?

Answers

Answer:

[tex] \boxed{ \bold{ \huge{ \boxed{ \sf{28}}}}}[/tex]

Step-by-step explanation:

Use BODMAS rule :

Bracket , Of , Division , Multiplication , Addition , Subtraction

[tex] \sf{2 \times [ 34 - 5 \times (3 + 1) ] }[/tex]

Add the numbers : 3 and 1

[tex] \dashrightarrow{ \sf{2 \times [ 34 - 5 \times 4 ] }}[/tex]

Multiply the numbers : 5 and 4

[tex] \dashrightarrow{ \sf{2 \times [ 34 - 20 \: ]  }}[/tex]

Subtract 20 from 34

[tex] \dashrightarrow{ \sf{2 \times 14}}[/tex]

Multiply the numbers : 2 and 14

[tex] \dashrightarrow{ \sf{28}}[/tex]

Hope I helped!

Best regards! :D

Answer:

28

Step-by-step explanation:

i took the test :D



Sydney needs 15 inches of string to make a necklace. If she has 9 feet of string, what is the maximum number of necklaces that she can make?


Answers

Answer:

7 necklaces

Step-by-step explanation:

108/15=7.2, to make a whole last necklace you round it to just 7

Answer:

7

Step-by-step explanation:

9x12= 108. 108 ÷ 15 = 7.2, which I rounded to 7.

which statement is true about the function f(x) =√-x ​

Answers

A is the correct answer on the multiple choice one
A is the correct answer

What is the order for the set of daga

Answers

Answer:

the last answer number 3

I think that last ones 3

Jordan uses three lemons to make 1 pitcher of lemonade. He makes 4 pitchers. How many lemons does he use altogether? *What visual would you use to draw this story problem?

Answers

Answer:

The number of lemons Jordan uses to make the 4 pitcher of lemonade is 12 lemons

Step-by-step explanation:

The number of lemons the Jordan uses to make 1 pitcher of lemonade = three lemons

The number of pitcher lemonades Jordan makes = 4 pitcher of lemonades

The number of lemons Jordan uses altogether, is given by the following relation;

1 pitcher of lemonade = 3 lemons

4 pitcher of lemonades = 4 × 3 lemons = 12 lemons

Therefore, the number of lemons Jordan uses to make the 4 pitcher of lemonade is 12 lemons.

When introduced in 1997, a DVD player sold for about $500. Five years later, the average price was $155. Find and interpret the average rate of change in price per year.

Answers

Answer:

-69

Step-by-step explanation:

Use rise over run (change in y/change in x)

The change in y is -345, since that is how much the price decreased

The change in x is 5 years

-345/5

= -69

So, the average rate of change in price per year is -69

A species of fish was added to a lake. The population size Pt of this species can be modeled by the following function, where t is the number of years from the time the species was added to the lake. P(t) = 1000+(12e^−0.34t)where t is the number of years from the time the species was added to the lake.
Find the initial population size of the species and the population size after 9 years. Round your answers to the nearest whole number as necessary.

Answers

Answer:

1,012 ; 1,001

Step-by-step explanation:

Given the population function :

P(t) = 1000+(12e^−0.34t)

where t is the number of years from the time the species was added to the lake.

Initial population size of the species ; that is the population at year 0

At time, t = 0

P(0) = 1000+(12e^−0.34(0))

= 1000 + (12e^0)

= 1000 + 12(1)

= 1012

Initial population = 1,012

Population after 9 years :

P(9) = 1000+(12e^−0.34(9))

= 1000 + (12e^-3. 06)

= 1000 + (12×0.0468876)

= 1000 + ( 0.5626523)

= 1000.5626

= 1001 ( nearest whole number)

Yesterday, there were b milligrams of bacteria in a lab experiment. Today, there are b^2 milligrams of bacteria. If there are 400 milligrams today, how many milligrams of bacteria were there yesterday. a. 20 milligrams b. 200 milligrams c. 1,600 milligrams d. 160,000 milligrams Eva chose B as the correct answer. How did she get that answer. Show the correct answer

Answers

Answer:

A

Step-by-step explanation:

b^2 = 400

b = 20.............

Stuck on question 9.

Answers

Answer:

Step-by-step explanation:

I think it's 107 degrees? That's how many degrees are in between c and h, making it a 107 degree angle.

12-4= +2

second Grade math help pls​

Answers

Answer:

6

Step-by-step explanation:

Step 1:

12 - 4 = x + 2

Step 2:

8 = x + 2

Step 3:

8 - 2 = x

Answer:

x = 6

Hope This Helps :)

12-4= 8
which is also equal to, 6+2
answer should be 2

If PR = 25 and PQ = 12, then QR=

Answers

Answer:

QR= 13

Step-by-step explanation:

the points on the line in order from left to right are P, Q, R, which means that the distance from P to R is the length of the line. So PQ is only about half the line. To solve this question you would subtract 12 from 25:

25-12=13

hope that helps. can i have brainliest?

Answer:

It depends on whether P lies on QR or not.

If not, we can't find the exact answer for this question.

If P does, there are 2 cases:

Case 1: P is between Q and R

so QR = PQ + PR = 12 + 25 = 37

Case 2: Q is between P and R (because PQ < PR so there is no likelihood for R to lie betweem P and Q)

so QR = PR - PQ = 25 - 12 = 13

10, 14, 25, 25, 27, 31, 36, 38, 41, 53
What is the median number of t-shirts sold?

Answers

Answer:

The median number of shirts sold is 29

Step-by-step explanation:

Order the number from least to greatest (in this case they already are), then take the middle number or the two middle number if you have to numbers in the middle. If you have to numbers in the middle add them and the divide by 2.

27+31=58

58÷2=29

Answer:29

Step-by-step explanation:

First find the two middle numbers in this case 27 and 31 add them together and divide by 2

1. Simplify. 4(2a - 1) - 4 + 7a ​

Answers

Answer:

=15a−8

Step-by-step explanation:

Let's simplify step-by-step.

4(2a−1)−4+7a

Distribute:

=(4)(2a)+(4)(−1)+−4+7a

=8a+−4+−4+7a

Combine Like Terms:

=8a+−4+−4+7a

=(8a+7a)+(−4+−4)

=15a+−8

Answer:

=15a−8

hope i helped

-lvr

convert 22 Australian dollars to US dollars

Answers

Answer:

22 Australian dollars are 16.12 USD

22 AUD to USD = 16.1763 US Dollars.

Solve for all values of x in simplest form.
(10 – 4x) – 2 = 9

Answers

8-4x=9
-4x=9-8
-4x=1
X=-1/4
X=-0.25
Other Questions
What is mean by 'unity in diversity'? Guys plz help. -8=x+11/2 please help me What do models of molecules and extended structures show? Based on inferences, what is the most likely meaning of misanthrope? \ A student uses one hand to examine the interior structure of a bean seed. What kind of visual screen would be better? for the student to use to record what they observe data table labeled sketch line graph pie chart Review Key Concepts1. Give three examples of how you might entertain children you arebabysitting, Why was Chadwick Boseman especially skilled at playing pioneers such as Jackie Robinson and Thurgood Marshall? Brainstorm a list of the reasons the colonists rebelled against England and another list of the reasons theSouth rebelled against the Union. Compare and contrast the two 'revolutions'.Once you've compared and contrasted the reasons and actions of the two, write a 250-word essayexplaining how they are different or similar. Help me out with this please The temperature was -2F. Dropped 9F. What is the temperature after it dropped 9F which characteristics is features of a market econmy if 2x+8=16, what is the value of x+4? Solve y = 4x + 8x for x For the reaction: CO(g) + H2O(g) CO2(g) + H2(g) the value of Kc is 1.845 at a specific temperature. We place 0.500mol CO and 0.500mol H2O in a 1.00L container at this temperature and allow the reaction to reach equilibrium. Determine the equilibrium concentration of all species present in the container. Which of these is an example of tertiary prevention A. Dialysis for damaged kidneys B. Avoiding smoking and drinking alcohol C. Washing hands D. Getting screened for skin cancer two poles 8m and 13m high are placed opposite to each other across a 12metre long road find the distancebetween their tops Find the modulus of the following. |9+40i| look at this shape : which image shows a rotation? A music store sold 10^3 CDs and 10^2 CD players. If each CD costs $12 and each CD player costs $35, what was the store's total earnings? ( ^ means power ) Math problem.. 16 points and brainly very easy problem