Suppose that 10 years ago you bought a home for $130,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years.

Your existing mortgage (the one you got 10 years ago)

How much money did you pay as your down payment?

$13,000Correct
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How much money was your existing mortgage (loan) for?

$117,000Correct
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What is your current monthly payment on your existing mortgage?

$$343445$343445​Incorrect

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How much total interest will you pay over the life of the existing loan?

$$179,060$179,060​Incorrect
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This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $102,637 left to pay on your loan. Your house is now valued at $190,000.

Your current situation

How much of the original loan have you paid off? (i.e, how much have you reduced the loan balance by? Keep in mind that interest is charged each month - it's not part of the loan balance.)

$
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How much money have you paid to the loan company so far (over the last 10 years)?

$

Note: the down payment is not included here, as it is paid directly to the seller
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How much interest have you paid so far (over the last 10 years)?

$
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How much equity do you have in your home (equity is value minus remaining debt)

$
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Refinancing

Since interest rates have dropped, you consider refinancing your mortgage at a lower 6% rate.

If you took out a new 30 year mortgage at 6% for your remaining loan balance, what would your new monthly payments be?

$
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How much interest will you pay over the life of the new loan?

$
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Analyzing the refinance

Notice that if you refinance, you are going to be making payments on your home for another 30 years. In addition to the 10 years you've already been paying, that's 40 years total.

How much will you save each month because of the lower monthly payment?

$
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How much total interest will you be paying (consider the interest you paid over the first 10 years of your original loan as well as interest on your refinanced loan)

$
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Now the non-computational question: Does it make sense to refinance? (there isn't a correct answer to this question. Just give your opinion and your reason)



(Note: The computer can't auto-grade this part, so it will show a score of 0 until I manually grade it)
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Answers

Answer 1

Answer:

Make this question individually!

Step-by-step explanation:

Please!


Related Questions

What is the value of line segment WY?

(Not sure if this is correct)

Answers

Answer:
20
Explanation:
x + 5 = 3x -5 ( add 5 both sides)
x + 10 = 3x (subtract x on both sides)
10 = 2x
5 = x

Substitute into equation
x + 5 + 3x - 5
(5) + 5 + 3(5) - 5
10 + 15 - 5
20

Hope this helps!

Find the volume of the triangular prism.

Answers

Answer:

595

Step-by-step explanation:

So, the first step in solving this problem is finding the area of the base. To do this, we can split the triangle into halves, making two triangles with legs 5 and 7. Now, we just need to find the area for one triangle, and then multiply it by 2. The area of one triangle with legs 5 and 7 is 17.5, because (5*7)/2 is the formula for finding the area of the triangle. Now, we need to multiply the area of this triangle by 2 to get the area of the full triangle. 17.5*2 = 35, so the area of the base of the triangular prism is 35. Now, all we have to do is multiply the base by the height. Eventually, multiplying 35 * 17, we get 595.

LOGIC PROBLEM
3. CALL TO ORDER
by MARY MARKS CEZUS Sally was just about to complete her first week as a waitress with no major problems when in walked four of her friends. Each ordered a different sandwich, drink, and salad. To test her logic and her waitressing skills, they gave their order to Sally as clues. Sally successfully placed their orders in front of them within a few minutes. Can you, too, match each friend's name (one is Mike), sandwich, drink, and salad (one is a fruit salad)?
1. The four orders are Kathy's, the one with a hamburger, the one with a cola, and the one with the tossed
salad. 2. Linda does not want the tuna melt. 3. Jeff, the person who wants the lemon-lime drink, and the person who wants the grilled cheese, all three think
this is great fun. 4. The orange drink does not go with the potato salad. 5. Jeff wants neither the cola nor the tuna melt. 6. The tossed salad does not go with the chicken fillet. 7. Linda and the person who ordered the grilled cheese are going shopping after lunch. 8. Neither the coleslaw nor the root beer go with the hamburger. 9. The coleslaw goes with neither the chicken fillet nor the lemon-lime. .

Answers

Answer:

not yet di ko po maintindihan

Step-by-step explanation:

sana po magets nyo po


A total of 6.54 inches of snow fell during a storm. The snow fell at an
average rate of 1.5 inches per hour. For how many hours did the snow fall? *

Answers

Answer:

4.36

Step-by-step explanation:

6.54/1.5=4.36

Can someone solve this please

Answers

Question 9= 45/85 not 45:85 anymore
Question 10= 37.23

can someone please help me ??!!

Answers

I think it’s the third one

Simplify: √8^2-4×2×3

Answers

Answer:

-16

Step-by-step explanation:

8 - 4 x 2 x 3 =

8 - 24 =

-16 =

First we simplify 8^2 to 64
[64 - 4 x 2 x 3
Then we simplify 4 x 2 to 8
[64 - 8 x 3
Then we simplify 8 x 3 to 24
[64 - 24
Then we simplify 64 - 24 to 40
[40
we simplify again but this time [40 to 2{10
2[10

Definition: In x3, x is called the
is 10.
Example: When using scientific notation the
es )
Term: Type term here

Answers

Answer:

it is exponent less than 1

Jill is shopping at a department store that is having a sale this week. The store has advertised 15% off certain merchandise. Jill calculates the sales price by multiplying the regular price by 15% and then subtracting the amount from the regular price:SP = RP - 0.15(RP), where S = sales price and R = regular price. Find a simpler way for Jill to calculate the sales price as she shops.

Will mark brainliest please show your work

Answers

Answer:

The simpler way is:

SP = 0.85*RP

Step-by-step explanation:

Suppose that we have a given amount A. and now we take a given percentage, X%, off.

The new amount will be:

New amount = A - (X%/100%)*A = A*(1 - X%/100%)

This is the general formula.

In this case, we know that the store has advertised 15% off, then we have X% = 15%

Then if:

SP = sales price

RP = regular price

We will have the equation:

SP = RP - (15%/100%)*RP = RP - 0.15*RP

This is what Jill found, but if we use the general equation above, we will find that:

SP = RP*(1 - 15%/100%) = RP*(1 - 0.15) = RP*0.85

So we just need to multiply the regular price by 0.85 to get the sales price.

Answer:SP= 0.85RP

Step-by-step explanation:

i had this question i got it right :)

y = x ÷ 2 when y is -10​

Answers

Answer:

The answer is 20.

X = -20

Answer: -20

Step by step explanation:

-10=x÷2

•2 •2

-20=x

Heeellllppp~ I beg you, I'm crying~ because I have been waiting for a long time now and I have asked this question multiple times and I don't get an answer~ help me

Answers

Answer:

5969593829191937373

Step-by-step explanation:

Sister I gotcha b

what is 213,548 to the nearest hundreds

Answers

Answer:

Step-by-step explanation:

5 is in the hundreds place.

The answer should be 213500

Answer:

Step-by-step explanation:

"to the nearest hundreds" requires rounding off the hundreds place.  We get 213,500 because the 48 is less than 50, indicating rounding down.  

Draw a Picture Elise paints 12 stars on a
poster. The stars are in rows with an equal
number of stars in each row. Draw three
different ways that the stars could be
arranged.

Answers

this would be it i guess??

How many full 5/8 ft pieces of wood can you cut from a board that is 458 feet long?

Answers

Answer:

732 pieces

Step-by-step explanation:

458/5/8

= 458* 8/5= 732 pieces

if my answer helps please mark as brainliest

458 5/8 is the answer

Edmundo wrote the expression 42 -5.23. What is the value of this expression?​

Answers

Answer:

37.77

Step-by-step explanation:

because 42-5.23=37.77

The law of demand says that there is a relationship between how much consumers are willing to buy and

Answers

[tex]\huge{\mathfrak{\purple{Answer}}}[/tex]

The law of demand says that there is a relationship between how much consumers are willing to buy and Price of an object

[tex]\huge{\mathfrak{\purple{Explanation}}}[/tex]

#HopeItHelps

Can someone help me please.!!

Answers

Answer:

Quotient Rule: x^-4, 10^-1

Repeated Multiplication: (x)(x)/(x)(x)(x)(x)(x)(x), 10x10x10x10/10x10x10x10x10x

Rewrite:1/x^4, 1/10^1

Step-by-step explanation:

Simplify $\sqrt{288}$.

Answers

Answer:

16.97056275

Step-by-step explanation:

х
Which answer is a solution for x if x/4= 21?

A.4/21
B.17
C.84
D.21/4

Answers

Answer:

is c

Step-by-step explanation:

Answer:

C

Step-by-step explanation:

x/4=21

multiply 4 on both sides

4*(x/4)=21*4

21*4=84

4*(x/4)=x

x=84

If f(x) = |x| + 9 and g(x) = –6, which describes the range of (f + g)(x)?

Answers

Answer:

The range of the (f+g)(x) is all real number or [tex]]-\infty,\infty[[/tex]

Step-by-step explanation:

Let's difne the addition of two funtion as:

[tex](f+g)(x)=f(x)+g(x)[/tex]

[tex](f+g)(x)=|x|+9-6[/tex]

[tex](f+g)(x)=|x|+3[/tex]

The range of the (f+g)(x) is all real number or [tex]]-\infty,\infty[[/tex].

I hope it helps you!

Answer:

a

Step-by-step explanation:

It takes a hose 4 minutes to fill a rectangular aquarium 8 inches long, 11 inches wide, and 12 inches tall. How long will it take the same hose to fill an aquarium measuring 22 inches by 27 inches by 35 inches? minutes Round your answer to the nearest minute

Answers

Answer:

9 minutes

Step-by-step explanation:

Need help with this please and please explain as well thank you

Answers

Answer:

324

Step-by-step explanation:

4 × 6 × 11 in = 264 [tex]in^{2}[/tex]

3 × 4 × 5 in = 60 [tex]in^{2}[/tex]

264+60= 324

The value of 34 + 5.5 = . (1 point) 교​

Answers

Answer:

39.5

Step-by-step explanation:

you have to add 34 and then add 5.5 to it and then you'll get 39.5

twelve men can build a house in 5 days so 4 men can build the same project in how many days?​

Answers

Answer:

15 days

Step-by-step explanation:

Answer:

15 days

Step-by-step explanation:

as

12×5/4

=15

hope it helps you

What is the probability of randomly choosing an odd single digit number or the number 8

Answers

1/5 chance of choosing the number 8 than an odd number

BRAINLIEST and 20 points if you are 100 % sure of the answer

Answers

Answer:

h>-21

Step-by-step explanation:

So, you solve it like an equation, so you do -7 divided by -1/3

which is

and since you divided it by a negative, you switch the sign.

Find the value of x. Please help!

Answers

Answer:

x = 3

Step-by-step explanation:

Using the triangle similarity theorem

x/x+3 = x+3/12

Cross multiply

12x = (x+3)(x+3)

12x = x²+3x+3x+9

12x =  x²+6x+9

x²+6x+9-12x = 0

x²-6x+9 = 0

Factorize

x²-3x-3x+9 = 0

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

x - 3 = 0

x = 3 twice

Hence the value of x is 3

Can you help me understand question number 2?

Answers

Given:

[tex]\{(x,y)|5x-7y<0, x\in I, y\in I\}[/tex]

To find:

The test point is in the solution set for the linear inequality.

Solution:

The inequality is

[tex]5x-7y<0[/tex]

Here, [tex]x\in I, y\in I[/tex]. It means, both x and y both are integers. So, the option D is incorrect because 1.5 and 3.5 are not integers.

For option A, the point is (-2,-1).

Putting x=-2 and y=-1 in the given inequality, we get

[tex]5(-2)-7(-1)<0[/tex]

[tex]-10+7<0[/tex]

[tex]-3<0[/tex]

This statement is true. So, the point (-2,-1) is in the solution set.

For option B, the point is (-4,-3).

Putting x=-4 and y=-3 in the given inequality, we get

[tex]5(-4)-7(-3)<0[/tex]

[tex]-20+21<0[/tex]

[tex]1<0[/tex]

This statement is false. So, the point (-4,-3) is not in the solution set.

For option C, the point is (-2,-4).

Putting x=-2 and y=-4 in the given inequality, we get

[tex]5(-2)-7(-4)<0[/tex]

[tex]-10+28<0[/tex]

[tex]18<0[/tex]

This statement is false. So, the point (-2,-4) is not in the solution set.

Therefore, the correct option is A.


What is the value of x?

Enter your answer in the box.

Answers

Answer:

x = 47

Step-by-step explanation:

KY + YV = KV

KY + 22 = x

KY = x - 22

By angle bisector property:

[tex] \frac{TK}{TV} = \frac{KY}{YV} \\ \\\frac{87.5}{77} = \frac{x - 22}{22} \\ \\ x - 22 = \frac{87.5 \times 22}{77} \\ \\ x - 22 = \frac{1,925}{77} \\ \\ x - 22 = 25 \\ \\ x = 25 + 22 \\ \\ x = 47[/tex]

PLEASEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE HELP ME WILL GIVE BRAILIST

Answers

Answer:

a) 24[tex]ft^2[/tex]

b) 52ft

Step-by-step explanation:

a)

This question asks to find the capacity of the container. This is essentially asking what the volume of the container is. This can be done by multiplying the length by the width by the height.

4 * 2 * 3

= 24

b)

This question is asking how much material was used to make the prism. This is essentially asking what the surface area of the prism is. This can be found by finding the area of all the sides of the prism and then adding it up. Since it is a rectangular prism, opposite faces are congruent, hence one only has to find the area of three faces, add it up, then multiply it by two to find the answer.

2 ( 4 * 2 ) + 2 ( 3 * 4 ) + 2 ( 2 * 3 )

= 2(8) + 2(12) + 2(6)

= 16 + 24 + 12

= 52

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