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

There were 8,454 pencils that were produced in the factory. When inspecting the pencils they noticed that 1,789 pencils were cracked. How many pencils were they able to use

Answers

Answer: They were able to use 665 pencils

Step-by-step explanation: You would simply do 8,454 - 1,789=665

                  Give Brainliest please :)

Для изготовления макета космической ракетыбыло куплено d м алюминевых проводов по цене 150 тг k стеклопластикапо цене 340 тг сколько всего денег изасходовали на изготовления космической ракеты

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Answer:

I do not understand ummmm

hello please help i’ll give brainliest

Answers

Step-by-step explanation:

I think Gold is the correct answer. Thanks.

Pretty sure the answer is Alloys.

Please answer correctly !!!! Will mark Brianliest !!!!!!!!!!!!!!

Answers

3:9

Total amount of shapes there are: 9
Amount of triangles there are: 3

Answer:

1:2

Step-by-step explanation:

Triangle = 3

Square = 6

3/3 = 1

6/3 = 2

1:2

Please Mark Brainiest

Continent
Number of cars produced
Africa
636 519
Asia/Oceania
45 800 878
Europe
19 726 405
North America
21 136 313
South America
4 288 654
How many more cars were produced in North and South America
than in Europe and Africa?

Answers

Answer:

5062043

Step-by-step explanation:

add the numbers for north and south America, add the numbers for Europe and Africa, and than subtract them. (north America+south America) - (Europe + Africa) = answer

Select all of the expressions that are equal to 1/8
8÷1
2÷16
2÷1/4
1÷8
1/4÷2

Answers

Answer:

Step-by-step explanation:

2/16

1/8

8/1=8

2/16=0.125 which is equal to 1/8

2/14=1/7

1/8=1/8 is 2/16 simplified so they are the same

14/2=7

A square photo has a side length of 0.17 foot. The photo is enlarged by doubling the dimensions. Then it is enlarged again by tripling the new dimensions.

Answers

Calculate the side length of the enlarged picture

Answer:

Hence, final picture will have a side length of 1.02 foot

Step-by-step explanation:

Side length of square photo, s = 0.17

Original dimension = (0.17 by 0.17)

Enlarged photo = double the original dimension:

2 * (0.17 * 0.17)

(0.34 * 0.34)

Second enlargement = Tripling the new dimension:

3 * (0.34 * 0.34)

(1.02 * 1.02)

Hence, final enlarged dimension = (1.02 * 1.02)

Hence, final picture will have a side length of 1.02 foot

6 times the dierence of d and 5

Answers

Answer:

6(d - 5)

Step-by-step explanation:

The difference of d and 5 represents (d - 5)

Multiply that by 6 to get 6(d - 5)

It’s lines please help me

Answers

Answer: maybe line C, i dont know

Step-by-step explanation:

pls help me first of all how do you add a photo?

Answers

Answer:

there should be a "paper clip" sign

Step-by-step explanation:

then go to it click it and pick or take a photo

Solve the inequality 4x -5 greater than or equal to 7

Answers

Answer: x greater than or equal
to 3.
Explanation: Add 5 on both sides and then after divide 4 on both sides. The sign stays the same.

2. Jill swam 200 meters in 2 minutes 42 seconds. If each lap is 50 meters long,

which is MOST LIKELY to be her time, in seconds, per lap?

Answers

Answer:

40.5

Step-by-step explanation:

there are 4 laps in 200 metres.

(200m÷50m)

2min 42 sec=120 sec+42sec (162sec)

so,

162÷4=40.5

Help needed for some geometry

Answers

In order to create a line parallel to line “I”, rotate line “I” 180° about points “F”. This can be done clockwise or counterclockwise.

Answer:

hope this help you. look it once.

A bar of soap is shaped like a right rectangular prism. The base is a rectangle that is 12 centimeters by 2 centimeters. The height is 3 centimeters. A second bar of soap is shaped like a square pyramid with the same volume as the first bar of soap. Each side of the base of the pyramid is 6 centimeters in length. What is the height of the pyramid?​

Answers

Answer:

6 cm

Step-by-step explanation:

Volume of a Prism = base area x height =

Base area = length x width =  12 x 2 = 24 cm^2

Volume = 24 x 3 = 72 cm^3

Volume of a pyramid = 1/3( l x w x h)

72 = 1/3( 6x6 x h)

Multiply both sides of the equation by 3

216 = 36 x h

divide both sides by 36

h = 6

HELPPP ARE IMA GET AH BEATING AHA TY





Use the simple interest formula to find the end balance. Round your answer to the nearest cent (hundredths place).

$55,000 at 2.5% for 5 years

a
$6,875
b
$68,750
c
$61,875
d
$123,750

Answers

Answer:

a) $6,875

Step-by-step explanation:

S.I. = P×R×T/100

= 55,000 × 2.5 × 5/100

= 687500/100

= $6,875

the area of a square is 144 square centimeters. What is the length of one side of the square? pls help its on khan

Answers

12cm

have an amazing day <3

Please Help! The diagram shows the graph of y=2x+c, where c is a coonstant. Find the value of k.

Answers

Answer:

k = 6.5

Step-by-step explanation:

The question relates to the association of the association of the equation of a graph point(s) on the graph

The given equation of the graph, is y = 2·x + c

The value of 'c' is a constant

We note that the value of 'c' can be found when x = 0, as follows;

y = 2·x + c = 2 × 0 + c = c

∴ When x = 0, y = c

From the graph, when x = 0 we have the y-intercept, the point the graph crosses the y-axis, which is the point y = -3

Therefore;

When x = 0, y = -3 = c

∴ c = -3

The equation of the graph becomes, y = 2·x + (-3) = 2·x - 3

y = 2·x - 3

The other given point on the graph is the point (k, 10)

The value k is the x-value when y = 10

Substituting y = 10 in the equation for the graph gives the x-value at the point y = 10 as follows;

10 = 2·x - 3

2·x = 13

x = 13/2 = 6.5

x = 6.5 (when y = 10)

Therefore the point (k, 10) = (6.5, 10)

By comparing the two equal coordinates, we have;

k = 6.5.

What was Dimitri's mistake? He mixed up the coordinates of the ordered pair when Substituting it into the equations 7x+9y=-4 and 5x-2y=6

Answers

Answer:

He made a mistake in his calculations when simplifying 5x - 2y

Step-by-step explanation:

Given

The coordinate pair

[tex](x,y) = (2,-2)[/tex]

The equations

[tex]7x + 9y = ?[/tex]

[tex]5x - 2y = ?[/tex]

Dimitri's Solution

[tex]Equation\ 1: 7x + 9y = -4.[/tex]

[tex]7(2) + 9 (-2) = -4.[/tex]

[tex]14 + (-18) = -4.[/tex]

[tex]-4 = -4.[/tex]

[tex]Equation\ 2: 5x -2y = 6.[/tex]

[tex]5(2) - 2 (-2) = 6.[/tex]

[tex]10 - 4 = 6.[/tex]

[tex]6 = 6.[/tex]

Required

Identify Dimitri’s mistake

In the first equation, Dimitri made no mistake.

However, he made a mistake when simplifying the second equation.

We have:

[tex]5x - 2y[/tex]

and

[tex](x,y) = (2,-2)[/tex]

Substitute [tex]x = 2[/tex] and [tex]y = -2[/tex]

So, we have:

[tex]5(2) -2(-2)[/tex]

Open bracket

[tex]10 +4[/tex]

Finally, we have:

[tex]14[/tex]

I need 5

This is the picture..

Answers

Answer:

What are the options?

CPCT?

Is -2 x 4 positive or negative? please help i have 19 missing assignments ​

Answers

Answer:

-8

Step-by-step explanation:

a negative number multiplied by a positive one gives as a result a negative number

-2 x 4 = -8

Scott buys
1260 apples
280 bananas
Write down the ratio of the number of apples that Scott buys to the number of
bananas that he buys.

Give your ratio in its simplest form.

Answers

the ratio is 1-4,5 or 2-9 if you want whole numbers where the slower number are the bananas and the higher the apples

Answer:

1,260:280

or

1,260 to 280

or

1,260/280 Simplified → 4 1/2

Step-by-step explanation:

Since it asks for apples first put the amount first apples first to the amount of bananas second, since it asks for bananas second.

since the triangle is
a.right
b.isosceles
c.equilateral​

Answers

Step-by-step explanation:

plz write full question

Answer:

I need a more information

Step-by-step explanation:

Please help ASAP!!
8(5x-3)-11(3x+7)=102
Please solve!

Answers

Answer:

x = 29

Step-by-step explanation:

8(5x-3)-11(3x+7)=102

40x - 24 - 33x - 77 = 102

7x - 101 = 102

7x = 203

x = 29

Answer:

X=29

Step-by-step explanation:

A group of children bought 3 presents that cost $W each and a card that cost $200. The children shared the total cost equally. Express the amount of money each student paid in terms of W

Answers

Answer:

Amount of money paid by each student is equal to [tex]\$3W+\$200[/tex]

Step-by-step explanation:

Given: A group of children bought [tex]3[/tex] presents that cost [tex]\$W[/tex] each and a card that cost [tex]\$200[/tex].

To find: amount of money each student paid in terms of [tex]W[/tex]

Solution:

Cost of each present [tex]=\$W[/tex]

Cost of [tex]3[/tex] presents [tex]=\$3W[/tex]

Cost of a card [tex]=\$200[/tex]

Therefore,

Amount of money paid by each student in terms of [tex]W[/tex] = Cost of [tex]3[/tex] presents + Cost of a card

[tex]=\$3W+\$200[/tex]

Three pairs of shoes cost $108. If each pair costs the same, how much does each one cost?

A.$32

B.$34

C.$36

D.$38

Answers

Answer:

C: 36

Step-by-step explanation:

There are 3 pairs of shoes. They all cost the same. Since these shoes add up to 108 dollars, they basically multiply by three to get to 108. (3x=108) If you want to figure out the cost of one shoe you just have to reverse the process by using division. So just do simple division by dividing 108 by three (108/3=x) and there is your answer, 36.

36

108 divided by 3 is 36

If a1=10 and an An-1 + 4 then find the value of
05.

Answers

Answer:

26

Step-by-step explanation:

Just put n = 5 and substitute

Then a5 = a4 + 4 = a3 + 8 = a2 + 12 = a1 + 16 = 26

Find the distance between points l and m then find the distance between points l and n which distance is greater howmuch

Answers

Answer:

Following are the responses to the given question.

Step-by-step explanation:

In this question, the points values are missing which is why its solution can be defined as follows:

Let

[tex]l= (7,-1) \\\\m=(-2, 4)\\\\n =(6,5)\\\\[/tex]

Formula:

[tex]d=\sqrt{((x_2-x_1)^2+(y_2-y_1)^2)}[/tex]

For d1:

[tex]x_1=7, y_1=-1, x_2=-2, y_2=4\\\\[/tex]

[tex]d=\sqrt{((-2-7)^2+(4+1)^2)}[/tex]

  [tex]=\sqrt{((-2-7)^2+(4+1)^2)}\\\\=\sqrt{((-9)^2+(5)^2)}\\\\=\sqrt{(81+25)}\\\\=\sqrt{(106)}\\\\=10.29[/tex]

For d2:

[tex]x_1=7, y_1=-1, x_2=6, y_2=5\\\\[/tex]

[tex]d=\sqrt{((6-7)^2+(5+1)^2)}[/tex]

  [tex]=\sqrt{((-1)^2+(6)^2)}\\\\=\sqrt{(1+36)}\\\\=\sqrt{(37)}\\\\=6.08[/tex]

The first distance value is greater than the second distance value.

Hiii, I would love it if you can help me with these! I tried my best but it's really hard and I don't understand.

Answers

Answer:

First one i think is C and the second one is A it was easy

Step-by-step explanation:

15 ( 10 + y) = 3

i need help so bad

Answers

Hopefully this is right
y = -49/5

I need help asap !!!!

Answers

Answer:

C

Step-by-step explanation:

Pythagorean theorem = a² + b² = c²

Answer:

C.

Step-by-step explanation:

Pythagrean Theorem is on C

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