Jim is talking out a $135,000 mortgage. His bank offers him an APR of 3.32%. He wants to compare monthly payments on a 20- and a 30-year mortgage. Find, to the nearest dollar, the difference in the monthly payments for these two loans?

Answers

Answer 1

The difference in the monthly payments for a 20-year mortgage and a 30-year mortgage on a $135,000 loan at 3.32% APR is $430.

Find, to the nearest dollar, the difference in the monthly payments for these two loans?The monthly payment on the 20-year mortgage is $902 and the monthly payment on the 30-year mortgage is $1,332.For Jim to compare the monthly payments on a 20-year mortgage and a 30-year mortgage, he needs to calculate the principal and interest for each loan. The principal and interest for a 20-year mortgage at 3.32% APR for $135,000 is $715.09 per month. The principal and interest for a 30-year mortgage at 3.32% APR for $135,000 is $572.72 per month. The difference in the monthly payments for these two loans is $142.37 per month.To calculate the difference in the monthly payments for a 20-year mortgage and a 30-year mortgage, you must first calculate the principal and interest for each loan. To do this, multiply the loan amount by the monthly interest rate, which is the APR divided by 12. Then subtract the principal from the total amount.This will give you the monthly principal and interest payment. The difference in the monthly payments for the two loans is the difference between the monthly principal and interest payments.

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Related Questions

Which of the following shows the Commutative Property of Multiplication?

I NEED HELP PLEASE ASAP I HAVE LIKE $ MINUETS HURRY PLS!

Answers

The commutative property is given by a×b=b×a

What is the commutative property?

The commutative property states that the numbers on which we operate can be moved or swapped from their position without making any difference to the answer. The property holds for Addition and Multiplication, but not for subtraction and division.

Given here: The law simply states that with addition and multiplication of numbers, you can change the order of the numbers in the problem and it will not affect the answer. Let the two numbers be a and b

Then we get a×b=b×a

Hence, The commutative property is given by a×b=b×a

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USE PATTERNS AND STRUCTURE
A jewelry Desinger Buys a new color of gem to add to his collection. The number of gems he buys is divisible by 2. Which color of gem did he buy?



GLASS GEM COLLECTION
red sapphire. 48
Blue sapphire. 55
Pink sapphire 65
Golden Sapphire 37

Answers

he bought the red gems

explanation: 48 is the only number divisible by 2 here.

The tallest tree in the world is in redwood California as of April 2019 if you’re standing on the trail 220 feet from the bottom of the tree you have to look up it is 60° angle to see the top how tall is the tree

Answers

Answer:

220√3

Step-by-step explanation:

220 x tan60°

220√3

Your grandmother tells you a story about a genie that offers two options for rewards.
● Option 1: $1,500,000
● Option 2: A magical $1 coin that triples every day. The coin turns into three coins on the first day. The three coins turn into nine coins on the second day. The nine coins triple to 27 coins on the third day. This doubling will continue for 28 days.

Write an equation that shows the number of coins n that you get when you choose option 2 after d days.
Key: d is the variable

Answers

The expression for the magical coin for d days will be [tex]C = (3)^d[/tex].

What is an expression?

The mathematical expression combines numerical variables and operations denoted by addition, subtraction, multiplication, and division signs.

Mathematical symbols can be used to represent numbers (constants), variables, operations, functions, brackets, punctuation, and grouping. They can also denote the logical syntax's operation order and other properties.

Given that A magical $1 coin that triples every day. The coin turns into three coins on the first day. The three coins turn into nine coins on the second day. The nine coins tripled to 27 coins on the third day. This doubling will continue for 28 days.

The equation can be written as,

[tex]C = (3)^d[/tex]

At d = 28, the value of the coin will be,

C = (3)²⁸

C = $2.28 x 10¹³

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1. What would be the next number in the pattern? (1 point)
1
1 1 1
324
108 36 12
O
OO
55|41|w|.
01
27

Answers

The next number in the given pattern is 1/4

What is Geometric Progression ?

Geometric progression can be defined as the sequence of numbers in which the common ratio between any consecutive numbers is same.

Given sequence ,

1/324  , 1/108 , 1/36 , 1/12

Lets check whether they are in Geometric sequence or not.

So,

r = 1/108  /  1/324

r = 324/108

r = 3

And

r = 1/36  /  1/108

r = 108/36

r = 3

So, The common ratios are same , it is in Geometric sequence

So , the next term could be

= 1/12  *  3

= 1/4

So, the next term could be 1/4

Hence, The next number in the given pattern is 1/4

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sketch a contour map of the function. f(x, y) = x2 + 9y2

Answers

A contour map/ plot is a way of representing a function with a two-dimensional input and a one-dimensional output.

Contours are obtained by intersecting the surface with the horizontal plane using the equation z = c. So the contour equation at height c is f(x,y) = c.

There are three types of contour lines displayed on the map:

Intermediate, Index, Supplement. The index line is the thickest contour line, and the points along the line are usually function numbered. Contours do not branch or split. Page 5 Steep slopes are represented by dense contour lines. Contour lines never intersect, but they can touch.

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A grocery store prints coupons on randomly selected receipts.
A coupon was printed on 18 of the last 1,200 receipts. Based on
these results, what is the probability that a coupon will be
printed on the next receipt? Show your work.

Answers

Answer:

18/1,200?

Step-by-step explanation:

im not too sure on this

Function g is a transformation of the parent function f(x) = x^2. The graph of g is a translation right 5 units and up 1 unit of the graph of f. Write the equation for g in the form y = ax^2 + bx + c.

Answers

Answer: A transformation of a function such as y = f(x) is a way to change the appearance of its graph by applying certain rules to it. In this case, the graph of function g is a translation right 5 units and up 1 unit of the graph of f.

To find the equation of the transformed function g, we can take the equation of the parent function, which is y = f(x) = x^2 and apply the translation rules (right 5 units and up 1 unit) to it.

The translation right 5 units means that the x-coordinate of each point on the graph of f is increased by 5 units. So this can be written as x = x+5

The translation up 1 unit means that the y-coordinate of each point on the graph of f is increased by 1 units. So this can be written as y = y+1

Substituting x = x+5 and y = y+1 in the equation of the parent function y = x^2 gives the equation of g in the form:

y = (x+5)^2 + 1

So the equation of g is y = (x+5)^2 +1

This equation is a parabola with a vertex that

Step-by-step explanation:

The scatterplot shows the relationship between the number of yards allowed by teams in the National Football League and the number of wins for that team in a recent season, along with the least-squares regression line. Computer output is also provided.

1 . State the equation of the least-squares regression line. Define any variables you use.

Answers

Answer:

16.84

Step-by-step explanation:

10. Grapes are on sale for
$2.36 per pound.
Pounds
0.75
1.25
2
2.5
Total Cost


Number 10

Answers

Answer:

.75 pounds= $1.77, 1.25 pounds=$2,95, 2 pounds=$4.72, 2.5 pounds= $5.90

Step-by-step explanation:

multiply each number in the pounds column by 2.36 to get the total cost

.75(2.36)=1.77

1.25(2.36)=2.95

2(2.36)=4.72

2.5(2.36)=5.9

Which of the following are irrational numbers?



Choose the two correct answers.

Responses

100−−−√ 100 ⁢ ,

28−−√ 28 ⁢ ,

11−−√ 11 ⁢ ,

2.78¯¯¯¯

Answers

Answer:

11 and 28

Step-by-step explanation:

ok is a unatural and is the probability of the worst role in all of the curriculum in this field will

Answer:

11 and 28 are the numbers your looking for

Step-by-step explanation:

had a problem like this on a test

Katie received a sticker each time she picked up her toys. She places some of the stickers on the first page of her scrapbook as shown below. Write an equation to represent the problem using the distributive property.

Answers

The number of stickers on the first page of Katie's scrapbook is given by the equation A = 28 stickers

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the equation be represented as A

Now , the value of A is

The number of stickers in Katie's first page of scrapbook is A

The array of stickers is = 4 rows and 7 columns

So , number of stickers in Katie's first page of scrapbook A = 4 x 7

Number of stickers in Katie's first page of scrapbook A = 28 stickers

The total number of stickers in the scrapbook for page 2 and 3 is

A = ( 4 x 4 ) + ( 3 x 4 )

Taking the common factor as 4 , we get

A = 4 ( 4 + 3 )

By using the distributive property , we get

A = 4 x 7

A = 28 stickers

Therefore , the value of A is 28

Hence , the equation is A = ( 4 x 4 ) + ( 3 x 4 )

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The population of a city was 34,000 at the beginning of 1937. Its
population steadily increased by 6.8% every year from 1937 to 1997.
Which of these is the closest to the population of the city at the end of
1970?

Answers

Answer:

298078.228074

Step-by-step explanation:

we add 6.8% of the population to the city each year

city population in year x + 1 = city population in year x + 6.8% of city population in year x = city population in year x + 0.068 * city population in year x = 1 * city population in year x + 0.068 * city population in year x = 1.068 * city population in year x

we multiply the population by 1.068 each year to get the next year's population

thus, over a period of y years, we would multiply the population by 1.068 y times.

start = 34000 in 1937

difference in years = 1970 - 1937 = 33

final amount = 34000 * 1.068 33 times = 34000 * 1.068^33 = 298078.228074

There can be no more than 835 people in the concert hall. What inequality represents the number of people, p, allowed in the concert hall? Drag and drop the appropriate symbol to correctly complete the inequality. Put responses in the correct input to answer the question. Select a response, navigate to the desired input and insert the response. Responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. Responses can also be moved by dragging with a mouse.poop

Answers

Answer:

p is less than or equal to 835

Step-by-step explanation:

Up to 835 people can fit in the concert, therefore the answer is p<=835.

Let V be the set of all positive real numbers. Define + by U+V = UV-1 and . by C.V = V. Is V a vector space? Explain?

Answers

No, V is not a vector space with the operations defined in this way. Because the operations defined in this question do not satisfy the properties required for V to be a vector space.

A vector space is a collection of objects (vectors) that can be added together and multiplied ("scaled") by numbers, called scalars. These operations must satisfy certain properties to be considered a vector space.

For example, one of the properties is the associativity of vector addition, which means that (u + v) + w = u + (v + w) for any vectors u, v, and w in V. However, with the given definition of +, we have (U + V) + W = (UV-1) + W = U(VW-1) which is not equal to U + (V + W) = U(VW-1)

Another property is the distributivity of scalar multiplication over vector addition, which means that c(u + v) = cu + cv for any scalar c and any vectors u and v in V. But with the given definition of ., we have C(U+V) = C(UV-1) which is not equal to C.U + C.V = CUV-1

Furthermore, with the definition given the additive identity and the existence of additive inverse are not guaranteed.

Therefore, V is not a vector space with the operations defined in this way.

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i need help pls i have no clue what to do?

Answers

Answer:

Step-by-step explanation:

Ivy is incorrect. An ellipse would also fit her definition(since an ellipse has no corners and a shape that is round and closed)

Ethan is correct. A circle is a set of all points some fixed distance away from some fixed point.

Ebuka is incorrect. A half circle will also fit her definition.

Find the quotient and label the model 14 divide by 54.6

Answers

Answer:

On top: 3.9

2nd row: 42

3rd row: 12.6

4th row: 12.6

Top of area model:

3 and .9

Step-by-step explanation:

Long division has a rhythm of four steps. The outside number(divisor) goes into the inside number (dividend, but just a piece of it). Write the answer (quotient) on top. Multiply the top × the outside number. Write it below. Subtract down. Bring down another digit. See image.

The area model is based on length times width. See image.

Movie showings: At the 24/7 Classic movieplex, Gone with
Ahe wind shows every 120 minutes, Casablanca shows
every 140 minutes, and The Godfather shows e
every 90.
minctes. If all three movies have Just begun, in how
many minutes will they again all begin at the same time?

Answers

On solving the provided question, by LCM after 2520 minutes, all 3 movies will begin at the same time.

What is the L.C.M. of number?

The number that is the smallest of two or more natural numbers' common multiples is known as the Lowest Common Multiple (LCM) in mathematics.

IF we look from mathematical point  of view, the question is just asking what is the smallest numbers that is divisible by 120, 140 and 90, which is the L.C.M of these 3 number.

For instance, 12 is the least frequent multiple of 4 and 6. As a result, 12 is the lowest common multiple such that its elements are 4 and 6.

If we look at what the question ask, all the movies will begin at the same time if all the multiples of 120, 140 and 90 have a number in common and should be smallest.

Hence, after solving for L.C.M., we get 2520 as the L.C.M.

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HELLPPP
In*Delta*DEF, e = 1.8inches; m angle F=104^ and m angle D=52^ Find the length of f, to the nearest 10th of an inch.

Answers

The length of the triangle DEF f is 4.3 units.

How to find the side of a triangle?

A triangle is a polygon with three sides. The sum of angles in a triangle is 180 degrees.

The sine law can be used to find the side of a triangle. Therefore, let's find the side f of the triangle using sine law.

Therefore,

a / sine A = b / sin B = c / sin C

Hence,

e / sin E = f / sin F

E = 180 - 104 - 52

E = 24 degrees

Therefore,

1.8 / sin 24 = f / sin 104

cross multiply

1.8 sin 104 = f sin 24

divide both sides by sin 24

f = 1.8 sin 104  / sin24

f = 1.8 × 0.97029572627 / 0.40673664307

f = 1.7465323073 / 0.40673664307

f = 4.29277407617

f = 4.3 units

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Omar is going to invest in an account paying an interest rate of 6% compounded monthly. How much would Omar need to invest, to the nearest dollar, for the value of the account to reach $32,400 in 20 years?

Answers

Omar needs to invest $9,788, to the nearest dollar, for the value of the account to reach $32,400 in 20 years

What is compound interest rate?

Compound interest is computed as interest on the principle of an account plus any accrued interest.

Compound interest can be calculated using the following formula:

x = P (1+r/n[tex])^{nt}[/tex]

,where x = compound interest

P = principal (the initial deposit or loan amount)

r = annual interest rate

n = the number of compounding periods per unit of time

t = the number of time units the money is invested or borrowed for

Given:

Omar is going to invest in an account paying an interest rate of 6% compounded monthly.

A =  $32,400 in 20 years

First, convert R as a percent to r as a decimal

r = R/100

r = 6/100

r = 0.06 per year,

Then, solve the equation for P

P = A / (1 + r/n[tex])^{nt}[/tex]

P = 32,400.00 / (1 + 0.06/12[tex])^{(12)(20)}[/tex]

P = 32,400.00 / (1 + 0.005[tex])^{240}[/tex]

P = $9,787.91

P = $9788  to the nearest dollar.

Therefore, the investing amount is $9,788.

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-.Write two different expressions you could use to represent the
combined area of the Description and Small Diagram sections.
What information about the combined area does each
expression show?

Answers

Answer:

hey please check my next questioj

True or False:

15 x 32 x 2 = 2 x 15 x 32

Answers

The answer is true

15 x 32 x 2 = 2 x 15 x 32

960=960

Answer:

it is true because the answers are the same

Step-by-step explanation:

Please help me!!! ASAP

Answers

Answer:

Step-by-step explanation:

Answer is 26.   Plug in each of the numbers. (8x4)-6

Which number sentence is true?
A. 12 < |-12|
B. |-12| < |-48|
C. |-48| < |48|
D. |12| > |-48|

Answers

B.) is correct

Reasoning

|-12|<|-48|

12<48, which is a true statement

What is the name for a line that intersects two or more lines?

Answers

Answer:

 line that intersects two or more lines at a distinct points is known as transversal line.

A man walks 16 miles east and then walks 12 miles due north. How far is the tired man from his starting point?

Answers

Pythag, 16^2+12^2=c^2
256+144=c^2
400=c^2
20=c
He is 20 miles away from his starting point

John and Ben each bought school supplies. John bought three pens, and Ben bought two pens. Ben bought three pencils. If each pen cost $1.10 and each pencil costs $0.75, how many pencils did John buy, if together they spent $10.00?

Answers

Answer:

10

Step-by-step explanation:

1.10*2=2.20

10-2.20=7.80

7.80/75=10.4

in total 10 pencils

Which is the volume of the cone shown below
A 2016
B 1344
C 504
D 4032

Answers

The volume of a cone is given by the formula V = (1/3) * π * r^2 * h Where the volume of this cone is approximately A:2016.

What is volume of cone?

The volume of a cone is a measure of the amount of space inside the cone.

It is calculated using the formula: V = (1/3) * π * r^2 * h, where V is the volume, r is the radius of the base of the cone, h is the height of the cone, and π is the mathematical constant pi (approximately equal to 3.14).

The volume of the cone is the amount of space inside the cone, and is measured in cubic units (such as cubic centimeters, cubic meters, etc.).

From the diagram, we can see that the radius of the base of the cone is 4 and the height is 8. Plugging these values into the formula, we get:

V = (1/3) * π * 4^2 * 8

V = (1/3) * π * 16 * 8

V = (1/3) * 64π

The volume of this cone is approximately A:2016.

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Can anyone that’s good in math do this problem for me

Use the number line​ below, where RS=8y+4​, ST=2y+4​, and RT=58.
a. What is the value of​ y?
b. Find RS and ST.

Answers

The value of y is 58 and RS is 55.25 and ST is 17.5.

What is Equation?

Equation is an expression that consists of variables, constants, and operators, and expresses a relationship between them. It is a mathematical statement that two expressions are equal. Equations can be used to solve a wide variety of problems in mathematics, science, engineering, and other fields. Examples of equations include the Pythagorean Theorem, the equation of a circle, and the equation of a line. Equations can be written in a variety of forms, such as symbolic, graphical, and numerical.

The value of y can be found by solving the equation 8y+4=58. By subtracting 4 from both sides, we get 8y=54.

Dividing both sides by 8, we get y=6.75.

Therefore, RS=8y+4=8(6.75)+4=55.25 and

ST=2y+4=2(6.75)+4=17.5.

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[tex]\frac{1}{2}[/tex]x+4=-26

Answers

[tex]\dfrac{1}{2} x+4=-26[/tex]

Subtract 4 from both sides:

[tex]\dfrac{1}{2} x+4-4=-26-4[/tex]

[tex]\dfrac{1}{2} x=-30[/tex]

Multiply both sides by 2:

[tex]2\times(\dfrac{1}{2} x)=2\times(-30)[/tex]

[tex]\fbox{x = -60}[/tex]

Other Questions
electrolysis of an nacl solution with a current of 2.02 a for a period of 203 s produced 59.3 ml of cl2 at 652 mmhg and 27 c . calculate the value of the faraday from these data.2.00 A * 200 s = 400CN = P1V1RTN= (650/760) (.0596L)/ (.0821 L*ATM/Mol*K ) (300K)N=.00207mol Cl.00207 * 2 = .004139 Cl2400C /.004139 mol = 96638 Faraday The process of evaluating relevant information that changes operating income under alternative courses of action iscalled:A. cost-benefit analysisB. incremental analysisC. opportunity cost analysisD. CVP analysis Describe a walk along the number line that (a) is unbounded, and (b) visits zero an infinite number of times. Does a series corresponding to this walk converge? An ideal gas undergoes a spontaneous expansion at constant temperature. During this process, its entropy __________Select the correct answer:a) decreases.b) remains unchanged.c) increases.d) cannot be predicted from the data given Explain how delta T would be affected if a greater amount of surrounding solvent (water) is used, assuming the mass of salt remains constant? b. Explain how q_reaction would be affected if a greater amount of surrounding solvent (water) is used? Explain. If the following enthalpies are known: A + 2B rightarrow 2C + D delta H = -95 kJ B + X rightarrow C delta H = +50kJ What is delta H for the following reaction? A rightarrow 2X + D Brodifacoun is a rat poison with a LD50 = 0.35 mg/kg. It is mixed into rat bate (50mg/kg). How much rat bait (in kg) would be needed to reach the LD50 for a 129 lb muskrat? evidence that upper paleolithic people may have been more adapted to their environments than neanderthals includes which of the following? Companies should disclose all of the following in interim reports excepta. changes in accounting principles.b. post-balance-sheet events.c. seasonal revenue, cost, or expenses.d. basic and diluted earnings per share. A cylindrical rod has resistance R. If we triple its length and diameter, what is its resistance, in terms of R? Which of the following was the most immediate effect of the collapse of the communist regime in the Soviet Union?(A) United States involvement in wars in Iraq and Afghanistan(B) The Chinese communist government's institution of market-reform policies(C) The end of the Cold War(D) The expansion of the European Union to include countries in Eastern Europe Nicolas drove 500km from Windsor to Peterborough 5(1/2)hours. He drove part of the way at 100km/h and the rest of the way at 80km/h. How far did he drive at each speed? Let x - The distance travelled at 100km/hLet y - the distance travelled at 80km/h when considering the relationship among standard free energy change, equilibrium constants, and standard cell potential, the equation g=nfecell is _______. if it is shown that people who eat bananas are more likely to have diabetes, it does not necessarily mean that bananas cause diabetes, because __________ does not equal __________. list two groups ( two or more members) of these diatomic molecules with the same number of electrons a 3 pound bag of florida oranges is sold for $5.00 to jucico, a us company that turns them into orange juice. then jucico sells the orange juice chromium(iii) hydroxide is amphiprotic. write a balanced chemical equation showing how an aqueous suspension of this compound reacts to the addition of a strong acid. use h to represent the strong acid. Victoria owns a life annuity and elects to receive annuity payments monthly for the remainder of her life with "ten years certain". Her annuity will make payments _______ Suppose Amanda wants to have $800,000 in her IRA at the end of 30 years. She chooses to invest in an annuity that pays 5% interest, compounded annually. How much of IRA is interest at the end of 30 years? Work out the area of the trapezium (some please help, i forgot how to do this ) all of the following are examples of financial intermediaries except a. retirement funds. b. stock exchanges. c. credit unions. d. insurance companies.