Karl is purchasing a $205,000 home with a 30-year mortgage at 5.5%. Because he is not making a down payment, PMI in the amount of $97.50/month is required for the first 2 years of the loan. Based on this information, what is the total cost of this loan?

Answers

Answer 1
$421,369.20 , I just had this question on Apex.

Answer 2

Answer:

The total loan payment is:is $1,024,050

Step-by-step explanation:

To know the total cost of this loan we must sum the the purchasing the mortgage loan LM and the PMI:

L=LM+PMI

The 30-year mortgage loan of $205,000 at 5.5% interest rate can be calculated as:

LM=$205,000*(1+0.055)^30

LM=$205,000*4.984 = $1,021,710

Then for the PMI over 24 months:

PMI: $97.5* 24 = $2,340

Therefore the total loan payment is:

L= $1,021,710 + $2,340 = $1,024,050


Related Questions

If the area of a square room is 225 ft², what is the length of each side of the room? question 4 options: 56.25 ft 112.5 ft 15 ft 80 ft

Answers

The answer should be 15ft. Hope this helps!

The length of each side of the square room with an area 225 ft² is 15 ft.

What are the dimensions of a square?

The area of a square is a product of it's any two sides or a product of diagonals divided by two. If side has a length a then diagonal is a√2.

The perimeter of a square is the sum of the lengths of all the sides.

Given, The area of a square room is 225 ft².

Assuming the length of each side is 'a' feet.

∴ The area of the square room is,

a×a =  225 ft².

a² = 225 ft².

a = ± 15 ft.

As length can not be negative +15 ft is the admissible value.

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−3x^ 4−7x+17=0

2


3


4


5

How many complex roots does the polynomial equation have?


(Show work if possible)

Answers

There are 4. if the equation ax^2 +bx +c=0 has 2 roots, then x^4 has 4.

There are two complex roots of the polynomial equation.

What is a polynomial?

They are mathematical expressions involving variables raised with nonnegative integers and coefficients and constants with only operations of addition, subtraction, multiplication, and nonnegative exponentiation of variables involved.

We have been given a polynomial expression as;

[tex]-3x^ 4-7x+17=0[/tex]

Since the Degree of a polynomial is the highest power that its terms (for multi-variables, the power of the term is the addition of the power of variables in that term).

Therefore, the highest power of the given polynomial is 4.

Thus, the Maximum possible roots are 4 but; only 2 are real and 2 are complex.  

Hence, There are two complex roots of the polynomial equation.

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A quadratic factor that cannot be factored further as a product of linear factors containing real numbers is said to be

Answers

Answer:  "irreducible over the reals" .
____________________________________
Ireeducable over the reals

If f(x) = 2x2 + 4, find f(3). (1 point) 22 16 −0.5 40

Answers

f(x)=2x^2+4
f(3)=2(3)^2+4
f(3)=2(9)+4
f(3)=18+4
f(3)=22

Hope this helps!

Joana is 4 years older than her brother. Which of the following expressions shows the sum if their ages if b represents joanas brothers age?

Answers

What are the expressions

HELP Use the properties of sigma notation and the summation formulas to evaluate. See attached

Answers

Write out all the solutions from 1 to 10 and add them together 

(1^2+3(1)-2)=2
(2^2+3(2)-2)=8 
" = 16
" = 32 
" = 38 
" = 52
" = 68 
" = 86 
" = 106 
" = 128

Add them together: 530 

Hope I helped :) 

Please Help!!! :)


Ned currently has an account balance of $3,634.51. He opened the account 13 years ago with a deposit of $2,564.65. If the interest compounds twice a year, what is the interest rate on the account?

A. 4.7%

B. 5.4%

C. 2.7%

D. 1.4%



Leroy opened a savings account 18 years ago with a deposit of $2,651.43. The account has an interest rate of 2.8% compounded twice a year. How much interest has Leroy earned?


A. $4,373.68

B. $2,725.67

C. $4,358.69

D. $1,722.25

Answers

I can help! Let's start with 1.
Your formula is r = n(ln(A/P)/(nt)) R being the interest rate of what your trying to find. So A= 3,634.51 P = 2,564.65 N is the number of times compounded per year.N= 2 and t is the number of years t= 13. Also while doing so use PEMDAS Let me know if you need any more help! 


Answer:

Compound interest formula is :

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

1.

A = 3634.51

p = 2564.65

r = ?

n = 2

t = 13

Putting the values in formula, we get

[tex]3634.51=2564.65(1+\frac{r}{2} )^{2*13}[/tex]

=> [tex]3634.51=2564.65(1+\frac{r}{2} )^{26}[/tex]

=> [tex]\frac{3634.51}{2564.65}=(\frac{2+r}{2} )^{26}[/tex]

=> [tex]1.417=(\frac{2+r}{2} )^{26}[/tex]

We get [tex]\sqrt[26]{1.417}=\frac{2+r}{2}[/tex]

We get r = 0.02699 and r = -4.02699 (neglecting the negative value)

We get r = 0.027 (rounded)

And in percentage, it is 2.7%.

So, option C is the answer.

2.

p = 2651.43

r = 2.8% or 0.028

n = 2

t = 18

Putting the values in formula we get;

[tex]A=2651.43(1+\frac{0.028}{2} )^{2*18}[/tex]

=> [tex]A=2651.43(1.014)^{36}[/tex]

A = $4373.67

So, interest earned = [tex]4373.67-2651.43=1722.24[/tex] dollars

Hence, option D. $1,722.25 is the answer.

Mike can stitch 7 shirts in 42 hours. He can stitch 1 shirt in hours, and in 1 hour he can stitch of a shirt.

Answers

He can stitch 1 shirt in 6 hours and 6/10 of a  shirt in 1 hour.

Answer:

He can Stitch 1 shirt in 6 Hours And in Hour He Can Stitch 6/10 Of a Shirt

Step-by-step explanation:

This Answer Is Correct Because He Can Stitch 7 Shirts In 42 Hours Which Is Wrong.

Given the slope of 6 and a y-intercept of 2, write the equation in slope intercept form.

Answers

Answer:

The equation of the line would be y = 6x + 2

Step-by-step explanation:

Since we have a slope (6) and a point (0,2) we can use them in point slope form. The slope goes in for m and the point goes in for (x1, y1).

y - y1 = m(x - x1)

y - 2 = 6(x - 0)

y - 2 = 6x

y = 6x + 2

Write the expression 36+4 as a product using the greatest common factor and the distributive property.

Answers

36 + 4.....GCF = 4

(4 * 9) + (4 * 1) =
4(9 + 1) <==

The expression 36 + 4 can be written as a product using the greatest common factor and the distributive law is 4(9 + 1).

What are basic math properties?

There are three basic math properties they are commutative property which states a + b = b + a, associative property which states

a + (b + c) = (a + b) + c and distributive property which states a(b+c) = ab + ac.

We know distributive property states a(b + c) = ab + ac.

Given 36 + 4, the here greatest common factor of 36 and 4 is 4.

∴ The expression 36 + 4 can be written as,

4(9 + 1).

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Multiply. 3 ⋅ 3/5 whats the answer

Answers

Since 3 = 3/1,

3/1 * 3/5
9/5

Hope this helps!
3/1 . 3/5 = 9/5, 1 4/5, 1.8

factor the trinomial x^2 - 3x - 40
(x-5)(x+8)
(x+5)(x-8)
(x+5)(x+8)
(x-5)(x-8)

Answers

The answer is (x+5)(x-8)
Hope this helps

The answer is (x+5)(x-8)

The lines described by y = (a + 12)x + 3 and y = 4ax are parallel. what is the value of a

Answers

The lines are parallel if and only if the values of their slopes are equal. In a standard form of the equation of the line, the slope is the numerical coefficient of x. Given this condition, we determine the value of a by equation a + 12 and 4a.

    Slope = a + 12 = 4a

 The value of a from the equation is 4.

Answer: 4

Woodland Bicycles makes two models of off-road bicycles: the Explorer, which sells for $250, and the Grande Expedition, which sells for $350. Both models use the same frame, but the painting and assembly time required for the Explorer is 2 hours, while the time is 3 hours for the Grande Expedition. There are 375 frames and 450 hours of labor available for production. How many of each model should be produced to maximize revenue?

Answers

Final answer:

To maximize revenue, we need to determine the number of each model of off-road bicycles that should be produced based on the given constraints. The revenue generated from selling each model is multiplied by the number of units sold. We set up a system of equations to represent the constraints and objective function, and then use graphical methods or linear programming algorithms to find the optimal solution.

Explanation:

To maximize revenue, we need to determine the number of each model of off-road bicycles that should be produced. Let's assume x represents the number of Explorer bicycles and y represents the number of Grande Expedition bicycles.

The revenue generated from selling the Explorer bicycles is 250x, while the revenue from selling the Grande Expedition bicycles is 350y.

We are given that the painting and assembly time required for the Explorer is 2 hours, so the total time used for producing the Explorer bicycles is 2x hours. Similarly, the total time used for producing the Grande Expedition bicycles is 3y hours.

We also know that there are 375 frames and 450 hours of labor available. Each bicycle requires one frame and a certain number of labor hours, so the total number of frames used is x + y, and the total labor hours used is 2x + 3y.

We can set up the following system of equations to represent the constraints:

x + y ≤ 375 (due to the limited number of frames)
2x + 3y ≤ 450 (due to the limited number of labor hours)

To maximize revenue, we need to maximize the objective function R = 250x + 350y. Since we are dealing with a linear programming problem, we can use graphical methods or linear programming algorithms to find the optimal solution.

If ABC and DEF are supplementary, then ABC and DEF form a linear pair

Answers

What are you asking? If you are asking if thats correct then that is only true if they are adjacent or right next to each other.
Final answer:

The statement is true. If two angles are supplementary meaning their sum is 180 degrees, they form a linear pair because in a linear pair too, the sum of the two angles is 180 degrees.

Explanation:

The question is related to the concept of angles in geometry. When angles are supplementary, it means that the sum of the two angles is 180 degrees. In a linear pair, two adjacent angles form a straight line, which also sums up to 180 degrees.

So, if angles ABC and DEF are supplementary, meaning ABC + DEF = 180 degrees, they indeed form a linear pair. Because in a linear pair too, the sum of the two angles is 180 degrees. Therefore, the statement 'If ABC and DEF are supplementary, then ABC and DEF form a linear pair' is true.

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The correct question is given below:

If ABC and DEF are supplementary, then ABC and DEF form a linear pair. True or False?

Determine whether the formula describes y as a function of x. Explain your reasoning. y=-3x^2-7x-6

Answers

The given formula above, y = -x, is a sample of a function. A function is an equation that would give only one value of y for every value of x. This is the same as saying that exactly one output is set by each input. If we take x = -1, the value of y is 1 and nothing else. 

A prepaid cell phone charges a preset number of minutes to use text messaging. The graph represents y, the number of minutes used for x, the number of text messages sent and received. Is there a direct variation? Which equation represents the relationship?
 A .Yes, y = 2x.      B. Yes, y = 20x.      C. No, y = x + 10.        D. No, y = x + 20.

Answers

Yes, y = 2x
just did it and i go it right :)

The answer is A. yes, Y= 2x

Suppose that 16-ounce bags of chocolate chip cookies are produced with weights that follow a normal distribution with mean weight 16.1 ounces and standard deviation 0.1 ounce. for the distribution, approximately what percent of the bags will likely be underweight (that is, less than 16 ounces)?

Answers

To solve this we use the z statistic. The formula for z score is:

z = (x – u) / s

where x is the sample value = less than 16, u is the sample mean = 16.1, s is standard dev = 0.1

 

z = (16 – 16.1) / 0.1

z = - 1

 

From the standard distribution tables at z = - 1,

P (z = -1) = 0.1587

 

So about 15.87% is underweight.

Final answer:

To find the percentage of bags that will likely be underweight (less than 16 ounces), we need to find the area under the normal distribution curve to the left of 16 ounces. The probability is approximately 15.87%.

Explanation:

To find the percentage of bags that will likely be underweight (less than 16 ounces), we need to find the area under the normal distribution curve to the left of 16 ounces. We can use a Z-table or a calculator to find this probability. First, we need to standardize the value of 16 ounces using the formula Z = (X - μ) / σ, where X is the given value, μ is the mean, and σ is the standard deviation. Plugging in the values, we get Z = (16 - 16.1) / 0.1 = -1. This means that 16 ounces is 1 standard deviation below the mean.

Next, we can use the Z-table or a calculator to find the probability associated with a Z-score of -1. From the table or calculator, we find that the probability is approximately 0.1587 or 15.87%. Therefore, approximately 15.87% of the bags will likely be underweight (less than 16 ounces).

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2,) What is the solution of the system?
Use the substitution method.

y+6=4x
8x−2y=14

A) The only solution is (14, 12)
B)The only solution is (12, 14)
C)There are an infinite number of solutions.
D)There is no solution.

Answers

NO SOULUTION      HOPE THIS HELPS

What is the mean of the set of numbers?

-11, 22, -2, -3

Answers

add all the numbers and then divide by how many there are in the set to find the mean so

-11+22+-2+-3=6

6÷4=1.5

so 1.5 would be the mean

Hope this helps!

In order to find the mean, add up all of the numbers and divide the sum by the amount of the numbers.  So, -11+22+(-2)+(-3)=11-2-3=6.  Now, divide 6 by 4, (the amount of #s).  6/4=3/2 or 1.5.  So 1.5 is the mean of the set of numbers.

Hope this helped!

when constructing inscribed polygons and parallel lines how are the steps different

Answers

A compass is used to copy an angle.

Say that you are about to make a major purchase and would like to save money on sales tax. Which of these is a viable way to reduce the amount you will pay on sales tax?
a.
Sales tax is a tax like any other, so you can claim additional dependents and get a deduction on it.
b.
Businesses are allowed to charge a 1% fee for automatically calculating sales tax for you, so you should calculate the sales tax out yourself.
c.
Sales tax varies by state, so you can travel to a state with a lower tax rate and make your purchase there.
d.
If you buy an item on credit, the credit bureau must pay the sales tax instead of you, so you should make your purchase using a credit card.



Answers

of corz the answer is c thx me later

The answer is c. sales tax varies by state.

What is the square root of sixty four

Answers

The square root of 64 is 8. 8 x 8 = 64 .

Find the critical numbers of the function f(x) = x6(x − 1)5 what does the first derivative test tell you that the second derivative test does not?

Answers

The given function is f(x) = x⁶(x-1)⁵

The first derivative is
f'(x) = 6x⁵(x-1)⁵ + 5x⁶(x-1)⁴
       = x⁵(x-1)⁴(6x - 6 + 5x)
       = x⁵(x-1)⁴(11x - 6)
The critical values are the zeros of f'(x). They are
x = 0, 6/11, and 1.
The critical values indicate that turning points exist for f(x) at the critical points. However, we do not know the nature of the turning points.

Write the first derivative in the form f'(x) = (x-1)⁴(11x⁶ - 6x⁵).
The second derivative is
f''(x) = 4(x-1)³(11x⁶ - 6x⁵) + (x-1)⁴(66x⁵ - 30x⁴)
        = (x-1)³(44x⁶ - 24x⁵ + 66x⁶ - 30x⁵ - 66x⁵ + 30x⁴)
        = (x-1)³(110x⁶ - 120x⁵ + 30x⁴)
        = 10x⁴(x-1)³(11x² - 12x + 3)
The sign of f''(x) at the critical values tell us the nature of the turning point.

f''(0) = 0, therefore a point of inflection exists at x = 0.
f''(6/11) > 0, therefore a local minumum exists at x = 6/11.
f''(1) = 0, therefore a point of inflection exists at x=1.

The graphs shown below confirm these results.

The critical numbers of [tex]\( f(x) = x^6 (x-1)^5 \)[/tex] are [tex]\( x = 0, 1, \frac{5}{6} \)[/tex]. The first derivative test determines maxima/minima by sign change, while the second derivative test confirms concavity but not explicit categorization.

1. Calculate the first derivative [tex]\( f'(x) \)[/tex]:

  Use the product rule and simplify:

[tex]\[ f(x) = x^6 (x-1)^5 \] \[ f'(x) = 6x^5 (x-1)^5 + x^6 \cdot 5(x-1)^4 \] \[ f'(x) = 6x^5 (x-1)^4 [x + 5(x-1)] \] \[ f'(x) = 6x^5 (x-1)^4 (6x - 5) \][/tex]

2. Find critical points:

  Critical points occur where [tex]\( f'(x) = 0 \)[/tex] or is undefined.

  Set [tex]\( f'(x) = 0 \)[/tex]:

 [tex]\[ 6x^5 (x-1)^4 (6x - 5) = 0 \][/tex]

  This equation is zero when:

[tex]\( 6x^5 = 0 \) -- \( x = 0 \)\\ \( (x-1)^4 = 0 \) -- \( x = 1 \)\\ \( 6x - 5 = 0 \) -- \( x = \frac{5}{6} \)[/tex]

  So, the critical numbers are [tex]\( x = 0, 1, \frac{5}{6} \)[/tex].

3. First Derivative Test vs. Second Derivative Test:

  - First Derivative Test: This test uses the sign of the derivative ( f'(x) ) to determine the nature of critical points:

    - If [tex]\( f'(x) > 0 \) to \( f'(x) < 0 \)[/tex] at x, then ( f(x) ) has a local maximum at x.

    - If [tex]\( f'(x) < 0 \) to \( f'(x) > 0 \)[/tex] at x, then ( f(x) ) has a local minimum at x.

  - Second Derivative Test: This test uses the sign of the second derivative [tex]\( f''(x) \)[/tex]:

    - If [tex]\( f''(x) > 0 \), \( f(x) \)[/tex] has a local minimum at x.

    - If [tex]\( f''(x) < 0 \), \( f(x) \)[/tex] has a local maximum at x.

4. Difference between the tests:

  - The first derivative test provides information about the nature (whether maximum or minimum) of critical points based on the sign change of the derivative.

  - The second derivative test provides more precise information by confirming the concavity of the function around the critical point, but it does not give explicit information about whether the critical point is a maximum or minimum (it only confirms the direction of concavity).

What is the area of the polygon below

Answers

D. 147 square units is your answer

How many ways are there to distribute n distinct balls into r boxes (a box can contain any number of balls, ranging from zero (none) all the way to all n balls)?

Answers

How many ways are there to distribute n distinct balls into r boxes (a box can contain any number of balls, ranging from zero (none) all the way to all n balls.

A color printer prints 15 pages in 8 minutes. how many pages does it print per minute

Answers

What you do is divid 15 by 8 so it is 1.875

Simplify 5x + 8y + 4x

A.17x
B.9x + 8y
C.5x + 12y
D.17xy

Answers

5x+8y+4x
=5x+4x+8y
=9x+8y. (B)

3x + 2 = 14 which number makes the equation true?a)1b)2c)4d)6

Answers

3x + 2 = 14 
3X = 14- 2
3X = 12
  X= 12/3

X=4

Answer:

X=4

Step-by-step explanation:

3 * 4 = 12 + 2 = 14.That means your answer is C) 4.

Hope this helps!  :')

Write a function rule to represent the situation. the total cost C for pp pound of beef if each pound costs ​$4.01

Answers

Cost= Pounds of beef x price

C= P *4.01
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