Kayla is financing $168,125 to purchase a house. She obtained a 25/8 balloon mortgage at 3.85%. What will her balloon payment be

Answers

Answer 1

Answer:

$130,626.56

Step-by-step explanation:

Kayla is financing $168,125 to purchase a house. She obtained a 25/8 balloon mortgage at 3.85%. What will her balloon payment be?

We are told that: She obtained a 25/8 balloon mortgage at 3.85%

This means the loan is amortized for 25 years and she would be monthly payment for 8 years before making the balloon payment.

Step 1

We find Monthly payments

Pmt = (A * i * (1 + i)ⁿ) / ((1 + i)ⁿ - 1)

Where:

Pmt - monthly payment;

A - Loan amount = $168,125

i - periodic interest rate = 3.85% = 0.0385

and

n - number of periods =

1 year = 12 months

8 years = x

x = 8 × 12 months = 96 months

n = 96 months

Pmt = (168,125 × 0.0385 * (1 + 0.0385)⁹⁶) / ((1 + 0.0385)⁹⁶- 1)

Pmt = $873.56

Step 2

When we find the monthly payment, we can compute the balance due after the term of a balloon loan.

B = (A * (1 + i)ⁿᵇ) - Pmt / i * ((1 + i)ⁿᵇ - 1)

Where:

B - Balloon payment

nb - Number of balloon loan periods =

Pmt - Monthly payment = $873.56

B = (168,125 × (1 + 0.0385)⁹⁶) - 873.56 / 0.0385 × ((1 + 0.0385)⁹⁶- 1)

B = $130,626.56


Related Questions

The radius of a circle is 1 inch. What is the circle's area? r=1 in Use 3.14 for ​.

Answers

Answer:

3.14

Step-by-step explanation:

area=pi times the square of radius

1^2 = 1 x 3.14=3.14

The graphs below have the same shape. What is the equation of the blue graph?​

Answers

Answer: Choice C.  g(x) = (x-4)^2

================================================================

Explanation:

If we were to keep the red curve completely fixed, but we moved the xy axis four units to the left, then this would give the illusion the red curve is moving four units to the right to arrive at the blue curve's location.

Shifting the xy axis four units to the left is the same as subtracting 4 from each initial input x value. So we go from x to x-4.

The parent function f(x) = x^2 then becomes g(x) = (x-4)^2 which is choice C.

As one way to check, plug in x = 4 and you should find that g(4) = 0. This is the x intercept of the blue curve. Something like g(x) = (x+4)^2 does not work because plugging x = 4 into this leads to g(x) = 64, so that rules out choice A. You can eliminate choices B and D for similar reasoning as well.

Answer:

C.) G(x) = ( x-4 )^2

Step-by-step explanation:

Took the test

answer for brainliest and 10 points

Answers

The number 7.11 would be identified as A “Rational” number.

Answer:

It is a rational number.

Step-by-step explanation:

Rational numbers can be represented as a ratio/fraction. So whole numbers are rational with a denominator of 1.

This number can be written as 177/100. It is rational.

An article is bought for Rs. 125 what is the profit percentage?​

Answers

Step-by-step explanation:

Solution given;

cost price=Rs125

profit%=?

we have

profit%=[Selling price-cost price]/cost price×100%

=[selling price-Rs.125]/Rs 125×100% is your answer

Hey can you plz help me fast!!!

Answers

Ouuuu I don’t that sorry but yeah

Si el impuesto sobre ventas de un DVD, de $16.000 es $1.40, ¿ a cuanto ascendería el impuesto sobre ventas de un reproductor Blue-ray de $120.00?

Answers

Answer:

Impuesto= $10.5

Step-by-step explanation:

Dada la siguiente información:

El impuesto sobre ventas de un DVD, de $16.000 es $1.40.

Primero, debemos determinar la tasa porcentual del impiesto:

Tasa impositiva= 1.4/16= 0.0875 = 8.75%

Ahora, el impuesto sobre $120:

Impuesto= 120*0.0875

Impuesto= $10.5

How can I find the slope of a functional relationship?​

Answers

Step-by-step explanation:

y2-y1/x2-x1

is how you can find the slope

Identify the y intercept of the function -3(3)^x +4

A) (0,-3)
B) (0,1)
C) (0,-7)
D) (0,4)
Please help :(

Answers

Answer is B ( 0 , 1 )

Solve for x.
10
8
6

Answers

Answer:

18

Step-by-step explanation:

Intersecting Secants Theorem:

6(x + 6) = 8(8 + 10)

6x + 36 = 8(18)

6x + 36 = 144

6x = 144 - 36

6x = 108

x = 18

9 (4 + 2c) = ?

THANK YOUUUUU

Answers

Answer:

18c + 36

Step-by-step explanation:

Rearrange Terms:

9 (4 + 2c) =

9 (2c + 4) =

18c + 36

Hope this helps! :)

[tex] \huge\mathfrak\pink{S} \huge\mathfrak\purple{o} \huge\mathfrak\blue{l} \huge\mathfrak\red{v} \huge\mathfrak\green{e} \huge\mathfrak\orange{➔}\ [/tex]
[tex]2 + 2 = ?[/tex]

Answers

Answer:

[tex] \huge\mathfrak\pink{S} \huge\mathfrak\purple{o} \huge\mathfrak\blue{l} \huge\mathfrak\red{v} \huge\mathfrak\green{e} \huge\mathfrak\pink{d}\huge\mathfrak\orange{➔}\ [/tex][tex]2 + 2 = 4[/tex]

Rylee made a scale model of the Texas State Capitol. The height of the actual dome is 266 feet. Rylee's model used a scale in which 1 inch represents 50 feet. What is the height in inches of the dome in Rylee's model?

Answers

5.32 plz giv brainlyest I need a few more to level up

Nina can type 128 words in 4 minutes. At this rate, how many words can Nina type in an hour.

Answers

Answer:

1,920 words

Step-by-step explanation:

60 divided by 4 is 15

15 times 128 is 1,920.

Hope it helps! :)

Answer:

1920

Step-by-step explanation:

We know that it takes her 4 minutes to type 128 words

So we need to figure out how many it takes her to type a word per minute

128 divided by 4=32

So multiply 32 word by 60 ( 60 mins = an hour)

Answer=1920

Need help ASAP
8 in.
2 in.
12 in.
What is the surface area of the prism?

Answers

272 in^2 for this problem

Answer:

solution given;

length [l]=8in

breadth [b]=2in

height [h]=12in

we have

the surface area of the prism=2[lb+bh+lh]

=2[8×2+2×12+8×12]=272in²

272in² is your answer

Carly mowed 2 more lawns than Rocco each week for 6 weeks. Carly mowed a total of
18 lawns. How many lawns did Rocco mow each week?


please answer all the other ones i can’t see

Answers

6

If Carly mowed 2 more each week, then Rocco would mow 1 each week.
18 divided by 6 = 3
3 - 2 = 1

1 x 6 = 6

At a point on the ground 50 feet from the foot of
a tree, the angle of elevation to the top of the tree is 53º. Find
the height of the tree.

Answers

Answer:

[tex] \tan(53) = \frac{x}{50} \\ x = \tan(53) \times 50 \\ x = 66.35 \: feet[/tex]

Step-by-step explanation:

I hope that is useful for you :)

The height of the tree with angle of elevation of 53⁰ is 66 ft.

What is Angle of Elevation?

The angle of elevation is the angle between the horizontal line of sight and the object.

Here,  Let the height of the tree be x ft.

          The angle of elevation = 53⁰

          Distance from ground = 50 ft.

According to question,

        tan 53⁰ = x/50

         x = 50 × tan 53⁰

         x = 50 X 1.32

         x = 66 ft.

Thus, the height of the tree with angle of elevation of 53⁰ is 66 ft.

Learn more about Angle of elevation from:

https://brainly.com/question/16716174

#SPJ2

Help! I don't understand this.

Answers

Answer:

x > 9.

Step-by-step explanation:

Here it is just simplifying the inequality.

6 - 2/3x < x - 9

Add 2/3x to both sides.

6 < 5/3x - 9

Add 9 to both sides.

15 < 5/3x

Multiply by 3/5.

9 < x

Flip it.

x > 9.

Answer:

x > 9

Step-by-step explanation:

I think I think I think I think

Help plz. I just need the answers.

Answers

Answer:

A- (-8)

B- (-7.8)

Just need some answers plz and thank you

Answers

5. 153.86

4. 43.96

have an amazing day <3

The radius of a sphere is 5.5 inches. What is the surface area of the sphere? Express the answer in terms of Piin.Squared. Recall the formula S A = 4 pi r squared. 22 44 88 121

Answers

Answer:

121

Step-by-step explanation:

EDG 21

Answer:

121

Step-by-step explanation:

can someone check my answer and make sure it is correct??

Answers

Answer:

I worked it out and got 19339.64 but there is a high chance I could be wrong so maybe your right.

Help please. It’s due at 2pm

Answers

Answer:

X = 64

Step-by-step explanation: The square in the corner indicates a 90 degree angle. by adding everything but X and subtracting that from 360 degrees we can get X. 180+90+26=296     360-296=64

Answer:

64°

Step-by-step explanation:

We know that this need to total to 360°. Since we know this, it is simple and straight forward.

To find x, we need to add up all the known degrees.

180 + 90 + 26 = 296

Also if you do not know how I got 90, there is a right angle which is 90 degrees.

Now that we have the sum of the known degrees, we take that number and subtract that from 360

360 - 296 = 64

So our final answer is 64°

Find the area of the square in centimeters and enter your answer below. Do
not include units in your answer.
3 cm
3 cm

Answers

Answer:

9

Step-by-step explanation:

Monica and Brianne each draw one prize ticket at random from different boxes. Monica has a 20% chance of winning a prize. Brianne has a 1/10 chance of winning a prize. Is Monica or Brianne more likely to win a prize? Explain your reasoning.

Answers

Answer: Monica

Step-by-step explanation:

Given

Monica has a 20% chance of winning a prize

Brianne has a  [tex]\frac{1}{10}[/tex] chance of winning a prize

20% chance refers to

[tex]\dfrac{20}{100}=\dfrac{2}{10}[/tex]

As

[tex]\dfrac{2}{10}>\dfrac{1}{10}[/tex]

therefore, monica is more likely to win the prize.

need help again!! with a similar question

Answers

Answer:

9 gal

Step-by-step explanation:

Mrs. Lindsay doesn't have a cat crate and needs to take her cats to the vet. She's
going to make a box out of a 8 foot by 8 foot piece of cardboard. How many feet
should Mrs. Lindsay cut from the corners to have the maximum amount of space
inside the box?

Answers

Answer:

The amount to remove from each corner is a square, 4/3 ft by 4/3 ft.

Step-by-step explanation:

The piece of cardboard measures 8 ft by 8 ft.

Each corner will be cut to create the sides of the box.

Let the square cut from each corner measure x by x ft.

The base of the box will measure 8 - 2x by 8 - 2x, and the height of the box will be x.

V = (8 - 2x)^2 * x

V = 64x - 32x^2 + 4x^3

Now we differentiate and set the derivative equal to zero to find a maximum value.

64 - 64x + 12x^2 = 0

3x^2 - 16x + 16 = 0

(3x - 4)(x - 4) = 0

3x - 4 = 0  or  x - 4 = 0

3x = 4   or   x = 4

x = 4/3  or  x = 4

The solution x = 4 must be discarded since 8 - 2x = 8 - 8 = 0, and the sides would have 0 length.

The amount to remove from each corner is a square, 4/3 ft by 4/3 ft.

The length of a right rectangular prism is 3.4 cm. The width of the prism is 1.2 cm. The volume of the prism is 11.016 cubic cm. What is the height of the prism? (Hint: V = L x W x H)

Answers

Answer:

sorry i dont know.

Step-by-step explanation:

Answer:

2.7cm

Step-by-step explanation:

11.016cm^3  = 3.4 x 1.2 x H

3.4x1.2=4.08

11.016/4.08 = 2.7

11.016cm^3 = 3.4 x 1.2 x 2.7

What is the value of + 4h)2
when h = 0?

Answers

Answer:

[tex]( + 4h) {}^{2} \\ when \: h \: = 0 \\ (4 \times 0) {}^{2} \\ = 0[/tex]

Given that R = 6x + 5y Find y when x = 7 and R = 18 give your answer as an improper fraction in its simplest form

Answers

Answer:

42+5y=18
5y=18-42
5y=-24
y= -4,8
y=-4.8 y= -4 4/5 decimal and fraction

Which is a perfect square?
6^1
6^2
6^3
6^4

Answers

Should be 6^3.

Have a good day!

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