A family wants to purchase a house that costs ​$145,000. They plan to take out a ​$115,000 mortgage on the house and put ​$30,000 as a down payment. The bank informs them that with a​ 15-year mortgage their monthly payment would be ​$785.99 and with a​ 30-year mortgage their monthly payment would be ​$521.41. 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. How much would they save if they selected the​ 15-year mortgage?

Answers

Answer 1

Answer:

A. 15-year mortgage =$141,478.20

30-year mortgage =$187,707.60

B. $46,229.40

Step-by-step explanation:

A. Calculation to 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.

Calculation for 15-year mortgage

Cost amount to save for 15-year mortgage=$785.99*15-year*12 months

Cost amount to save for 15-year mortgage =$141,478.20

Calculation for 30-year mortgage

Cost amount to save for 30-year mortgage =$521.41*30-year*12 months

Cost amount to save for 30-year mortgage =$187,707.60

B. Calculation for How much would they save if they selected the​ 15-year mortgage

Using this formula

Amount to save=30-year mortgage -15-year mortgage

Let plug in the formula

Amount to save=$187,707.60-$141,478.20

Amount to save=$46,229.40

Therefore How much would they save if they selected the​ 15-year mortgage will be $46,229.40


Related Questions

7 (4 + 9) help ols ok jjjj

Answers

Answer:91Step-by-step explanation:7 x 4 + 7 x 9 28 + 63 = 91Hope this helps!!

A machine can print 300 t shirts in 10 mins. How many t shirts can the michine print in 1 min

Answers

Answer:

It can print 30 t-shirts in one minute

Step-by-step explanation:

300÷10=30

Answer:

30 in 1 minute

Step-by-step explanation:

300/10=30

can i get brainliest?

20 PTS! On my quiz there are 25 questions, I got a 96%. How many did I get right and how many wrong?

Answers

Answer:

Well, you missed one. (24/25) is a 96%

1 Incorrect

24 Correct

Step-by-step explanation:

Please answer quick, thank you for your time.

Add or subtract. Write in simplest form.

9 4/5 - 2 3/10

11 3/4 - 4 1/3

6 3/5 - 1 2/3

14 1/6 - 7 1/3

Answers

Answer:

7 1/2

7 5/12

4 14/15  

6 5/6

Answer:

7 1/2

7 5/12

4 14/15  

6 5/6

Step-by-step explanation:

Has this app helped u​

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Answer:

Discoveries and scientific and technical inventions do not influence the behavior of people, but their lives do

Step-by-step explanation: what app and ok

Yes it helped me a lot what about you?

Crystal earns $5.50 per hour mowing lawns.
• Write a rule to describe how the amount of money m earned is a function of the number of hours h spent mowing lawns.
• How much does Crystal earn if she works 3 hours and 45 minutes

Answers

1) Required equation
2)Crystal earns $20.625 in 3 hours and 45 minutes.
Step-by-step explanation:
Given : Crystal earns $5.50 per hour mowing lawns.
To find :
1) Write a rule to describe how the amount of money m earned is a function of the number of hours h spent mowing lawns.
It is given that Crystal earns $5.50 per hour mowing lawns.
Let m is the amount of money earned
and h is the number of hours spent
So, The equation form by the statement is

2) How much does Crystal earn if she works 3 hours and 45 minutes
1 hour=60 minutes
So, for 3 hours and 45 minutes

In 1 hour she earn $5.50
In 3.75 hours she earn
Crystal earns $20.625 in 3 hours and 45 minutes.

If the sides of a square are increased by 2 inches, the
area becomes 81 square inches. Find the length of the
sides of the original square
The length of the sides of the original square is

Answers

the length of each side is 7 inches

If you take the square root of 81 which is 9, you then subtract 2 which gives you 7

According to how squares are, all 4 sides will have the same length. which means both sides are 7

Solve: -4(3-2x) = 6(3x + 3)
Step by step ?

Answers

Answer:

distribute the -4 to the 3 and -2x in the parentheses

-12+8x

distribute the 6 to the 3x and the 18

-12+8x = 18x+18

subtract 8x from both sides

-12= 10x+18

subtract 18 from both sides

-30= 10x

divide each side by 10

x= -3

18x + 18
1
18 1
12
+18 Substitute.
+ 18
Multiply.

Answers

Answer:

18 x+18

Step-by-step explanation:

did you get a number that it is equals to caz i dont understand how you are suppose to work out 18× +18

If you have two points, you can only pick the first one to find the equation.

True

False

Answers

Answer:

well, it really depends but im pretty sure its false. you can start with either one and find the equation

Step-by-step explanation:

Anyone know the answer?

Answers

Answer:7

Step-by-step explanation: The range is the value of the difference of the highest and lowest numbers. As I can see here, the highest is 9, while the lowest is 2, so 9-2=7

Describe a sequence of rigid motions

Answers

Answer:

Step-by-step explanation:

Reflection over y-axis , then reflection over line y = 2

solve for x.
a) 9[tex]9^{3x+4}[/tex] = [tex]27^{4x+3}[/tex]
b) [tex]4^{3x}[/tex] = [tex]2^{x+1}[/tex]

(include steps pleez)

Answers

Answer:

Question a)

[tex]9^{3x+4}=27^{4x+3}[/tex]

[tex]x=-0.166[/tex]

Question b)

[tex]4^{3x}=2^{x+1}[/tex]

[tex]x=0.2[/tex]

Step-by-step explanation:

Question a)

Given the expression

[tex]9^{3x+4}=27^{4x+3}[/tex]

Taking log on both sides

[tex]log\left(9^{3x+4}\right)=log\left(27^{4x+3}\right)[/tex]

[tex]\left(3x+4\right)\cdot \left(log\left(9\right)\right)\:=\left(4x+3\right)\cdot \left(log\left(27\right)\right)[/tex]

[tex]3x+4=\left(\frac{log\left(27\right)}{log\left(9\right)}\right)\cdot \left(4x+3\right)[/tex]

[tex]3x+4=1.5\times \left(4x+3\right)[/tex]

[tex]3x+4=6x+4.5[/tex]

[tex]3x=6x+0.5[/tex]

[tex]\frac{-3x}{-3}=\frac{0.5}{-3}[/tex]

[tex]x=-0.166[/tex]

Therefore, the value of x:

[tex]x=-0.166[/tex]

Question b)

Similarly, we can solve the 'b' expression

Given the expression

[tex]4^{3x}=2^{x+1}[/tex]

Taking log on both sides

[tex]log\left(4^{3x}\right)=log\left(2^{x+1}\right)[/tex]

[tex]3x\cdot \left(log\left(4\right)\right)=\left(x+1\right)\cdot \left(log\left(2\right)\right)[/tex]

[tex]3x=\left(\frac{log\left(2\right)}{log\left(4\right)}\right)\cdot \left(x+1\right)[/tex]

[tex]3x=0.5\times \left(x+1\right)[/tex]

[tex]3x=0.5x+0.5[/tex]

[tex]2.5x=0.5[/tex]

Divide both sides by 2.5

[tex]\frac{2.5x}{2.5}=\frac{0.5}{2.5}[/tex]

[tex]x=0.2[/tex]

Therefore, the value of x = 0.2

Deon earns $28 washing 4 windows. At this rate, how many windows did Deon wash to earn $63?​

Answers

Answer:

9windows

Step-by-step explanation:

4w=$28

$63 =4×63÷28 =4×63×1/28

9windows

___________ are reported in the business section of magazines or newspapers, as well as online.​

Answers

Answer:

The stock market values

Step-by-step explanation:

PLS GIVE BRAINLIEST

It should be noted that the stock market values are reported in the business section of magazines or newspapers, as well as online.

A stock market is also known as the equity market. It can also be called the share market. It's the aggregation of buyers and sellers of stocks.

The buyers and sellers represent the ownership claims on businesses. The stock market values are reported in the business section of magazines or newspapers, as well as online.​

Learn more about stock market on:

https://brainly.com/question/24239991

Which of these equations is NOT true?
A) 2(a + b) = a +b+a+b
C) (t-4) +6=t-10
B) 3y + 4y = 7y
D) x(5 + 9) - x = 13x

Answers

Answer:

C) (t-4) + 6=t-10

Step-by-step explanation:

2(a+b)= a+b+a+b

2(a+b)= 2a+b+b

2(a+b)=2a+2b

2(a+b) = 2(a+b)✅

(t-4)+6=t-10

t+2=t-10❌

3y+4y=7y

7y=7y✅

x(5+9)-x=13x

x(14)-x=13x

14x-x=13x

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What are three consecutive even integers whose sum is 66

Answers

Answer:

21,22,23

Step-by-step explanation: i love fried chicken look at my skin color

Answer:

Smallest integer: 20

Middle integer: 22

Largest integer: 24

Step-by-step explanation:

Denote the smallest integer as "x"; hence the next integer will be "x + 2", and the third will be "x + 4".

Using the information, set up an equation:

x + x + 2 + x + 4 = 66

Simplify

x + x + 2 + x + 4 = 66

3x + 6 = 66

Inverse operations

3x + 6 = 66

    -6      -6

3x = 60

/3     /3

x = 20

Smallest integer: 20

Middle integer: 22

Largest integer: 24

Which of the following pairs of terms are like terms?
A"3x and 2b
B:7 and 7y
C:3p and 4p

​​

Answers

Answer:

C

Step-by-step explanation:

they have the same variable

can someone help me with this?

Answers

Answer:

either b or d

Step-by-step explanation:

id go with d

i need desperate help i dont care abt work

Answers

Answer:

75%

Step-by-step explanation:

add them together

Sean wants to spend (example) $100 on clothing and he wants to purchase
6 additional items for his wardrobe. Each pair of pants costs $20 and each shirt costs $15.
Show the solution graphically.

Point (2, 4)

Answers

Answer:

Step-by-step explanation:

Let x be the number of pants and y be the number of shirts

x + y = 6

20x + 15y = 100

multiply the first equation by -20

-20x -20y = -120

20x + 15y = 100

subtract the equations

-5y = -20

y = 4

replace y in equation 1

x + 4 = 6

x = 2

12 + 4x – 4 = 12x – 9 – 8x

Answers

Answer:

No solution

Step-by-step explanation:

Basically the simplified equation is 17 = 0, which is wrong so there is no solution.

at a candy store you get 7 giant lollipops for $16.12 how much would it cost to buy 6 lollipops?​

Answers

Answer:

$13.80

Step-by-step explanation:

Divide $16.12 by 7 which equals 2.30, then multiply 2.30 by 6 to get ^^

2 More Problems! 20 points! AND BRAINLIEST TO CORRECT ANSWER!

Answers

Answer:

First Screen:

1 & 3

Second Screen::A

Step-by-step explanation:

HOPE THIS HELPS!!

This is pretty confusing please help!!!!!

Answers

True it’s true hope this helps

Todd swam his race in 36.795 seconds while Markie swam his race in 39.09 seconds. What was the difference in their times?

Answers

Answer:

2.295 seconds

Step-by-step explanation:

39.09-36.795

=2.295 seconds

PLS GIVE BRAINLIEST

I need help finding the domain

Answers

Answer: [-11,4]

Step-by-step explanation:

yes in brackets

Answer:

(-11, 4)

Step-by-step explanation:

The domain is the x values that the equation/line covers.

The line starts at -11 and ends at 4. We use parenthesis instead of brackets since the circles are open and not closed.

What's the slope and y intercept of the graph

Answers

Answer:

A

Step-by-step explanation:

Have a great day!!!!!

Suppose that you need to buy some chicken for dinner tonight. You found an ad showing that a store across town has chicken on sale for $2.99 per pound. Your usual neighborhood store sells the same chicken for $3.79 per pound. You are considering whether it is worth the drive to purchase the chicken from the store across town. Information you will need:________
A. You need to purchase 3 pounds of chicken
B. Your neighborhood store is 2.1 miles away and takes about 8 minutes to get there
C. The store across town is 8.6 miles away and takes about 24 minutes to get there
D. Your car averages about 22 miles per gallon in the city Gas is $3.05 per gallon

Answers

Answer:

C). The store across town is 8.6 miles away and takes about 24 minutes to get there.

D). Your car averages about 22 miles per gallon in the city Gas is $3.05 per gallon.

Step-by-step explanation:

The information regarding the distance of the store across town from the house, the time required to reach there, the average of the car, and the cost of gas per gallon would assist in calculating if the extra drive is worth buying chicken from the city store.

Cost of chicken in the city store - $2.99 per pound

Average of the car in 1 gallon = 22miles

so, the average of the car in 1 mile = 1/22

Cost of traveling 8.6miles = 8/22 * $3.05

                                           = 24.40/22

Additional cost = $ 1.109

Total cost of buying chicken from the city store = $2.99 + $1.10

                                                                                = $4.09

Hence, it is not worth to buy the chicken from the store across the town as it is costlier in comparison to $3.79 in nearby store.

I will give lots of points for this or.2

Answers

Answer:

Step-by-step explanation:

10+banna x orange

Answer:

Apple=10. Banana=6. Orange=6.

Step-by-step explanation:

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