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21. Your Parents are buying a house for $187,500.00. They have a good credit rating, are making a 20% down payment, and expect to pay $1,575/month. The interest rate for the mortgage is 4.65%. What must their realized income be before each month and how much interest is accrued at the end of the second month? 22. Card name (APR%) existing balance credit limit murk (5.6%) $675.49 $1,500.00 Mini(9.85)% $902.43 $1,000.00 What is your debt ratio? If you budget $375 to payoff your credit card debt and you payoff the highest interest card first while maintaining the interest accrued on the other card, how many months does it take you to pay it off and how much is the payment each time excluding the last payment? So far for the first one I have 187500*.2=37500 187500-37500=150000 4.65/12=.3875 and got 2/6 points the second one I have debt/cash you have then (675.46+902.43)/375 4.207786 I think and got 2/6 points, can someone help me understand and try and get more points
1 second okay ill figure these out
this is for 21 the mortgage payment itself over 30 yrs is only 773.45; so the rest must be taxes, insurance, etc - but that ($800 x12 = $9600) is extremely high >> "they have a good credit rating" is a waste of typing. You gave us the rate; we do not need the editorial. AND, you could have at least done the math to give us the net mortgage balance. We ARE NOT available on test day. So you must be talking a 15 yr loan = $1159 P & I UPDATE ... a 10 yr term on 150,000 would be 1565.445 ( i e close to your number ) - but nobody takes out a ten year loan unless they already have all of the money in the bank. In real life people do what they have to do. IDK what your book recommends as ideal, but probably 25% ( 1575 x 4 = mo pay ) ... or maybe 28% 0r 30% would be allowed. the interest accrued at the end of any month (before the payment is made) is o/s bal x intrate(per mo) ... cannot compute because do not know true terms of the mortgage schedule
do you need 22 answered?
@zombrainss do you need that answered or do you have the answer?
yes please.
math is fun do you need anything? and ok @coolitsjustmehere
@coolitsjustmehere i think you got the second one right dued
rragular Fraction 21/5 Mixed Fraction 4 1/5 for the second one
really. I only got 2/6 points though, where are the other four points then?
@jacob1233 i need the answer :(
okay 1 second @zombrainss
@jacob1233 thank you so much !!!
@jacob1233 are you sure that is right I only got 2/6 points?
i think so let me dubble check
why what
On which of the following lines does the point (7, 1) lie? A.Y-5X=4 B.Y=X-10 C.Y=-4X+3 D.Y=-X+8
@jacob1233
yes
because i want to help
@coolitsjustmehere ur right nvm
@jacob1233 answer my question please?
! sec
okay
hurry pls
@NY7girl this should help ok.. so If the given point satisfies the equation of the line passing through two points, then the point lies on the same line. For example, if the equation of the line passing through two points (x1, y1) and (x2, y2) is y=mx+c then the third point (x3, y3) must satisfy this equation to be on the same line.
@zombrainss i hope this helps Using synthetic division: -4 | 3 7 -20 => 3 -5 0 So thhe quotient is 3x - 5. To check (x+4)*(3x - 5) = 3x^2 - 5x + 12x - 20 = 3x^2 + 7x - 20
if not tell me
@zombrainss here this will help (3x^2+7x-20) / (x+4) = ( 3x-5 )( x + 4 ) / ( x+4) = 3x -5
Anyone Else have a question?
@jacob1233 thank you ^.^
no problem :)
i need help please
im here to see if i can help with you question :)
what is 6p4
can you message me @jacob1233 please
does p stand for power?
idk
if it does than it is 1296
ok thanks
np
What is 6P4? A. 2 B. 24 C. 30 D. 360
6P4 = 6! / (6-4)! = 6! / 2! = 6 x 5 x 4 x 3 x 2 x 1 / 2 x 1 = 360 ways
does that help?
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