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Find a home that is for sale in your area (purchase price must be at least $20,000). The house that I found costs $279,900
You will finance 80% of the purchase price. Using 5% as the interest on your 30-year fixed rate mortgage, calculate the monthly payment using the factor table from the textbook.
Calculate the payment using the same 5%, but for a 15-year mortgage.
Real estate taxes amount to 1% of the sales price and the insurance premium is .5% of the sales price per year. Calculate the total monthly PITI payment.
Present your findings to your classmates and explain how much interest you would save over the life of the loan if you used the 15-year versus the 30-year loan. Show your calculations.
What will the value of the investment be after 12 years? If the deposits were made at the beginning of each period, what would the value of the deposits be after 12 years?
Probability and Data Collection, 1. Suppose you have 4 nickels, 6 dimes, and 4 quarters in your pocket. If you draw a coin randomly from your pocket, what is the probability that
Probabilities, A survey of MBA students obtained the following data on "student's first reason for application to the school in which they matriculated".
Let h be a differentiable function defined on the interval [0,3], and assume that h(0)=1 h(1)=2 and h(3)=2. a- argue that there exists a point d belong to [0,3] where h(d)=d.
Find the volume in cubic centimeters. If each dimension (length, width and height is doubled, what happens to the volume of the room? Show your work.
Given line XYZ, XZ=4n+6, find the value of n. XY=n-4, YZ=12+5n
the depth of a pond is 180 cm is being reduced by 1cm per week. the depth of the second pond is a 160 cm and is being by 1/2 per week. if the depths of both ponds continue to be reduced at these constant rates, in how many weeks will the ponds be ..
A 5 × 7 photograph has a rectangular cardboard mat frame that is an equal depth on all four sides. If the total area of the mat is 99 in2, what is the depth of the mat?
Assume that the inter-arrival times are exponentially distributed, with a mean of 1/λ = 1.5 minutes per customer. The ordering, preparation, and money collecting (i.e., total service time) is an upward ramp function with a minimum of 15 seconds an..
In a percent change graph of an average teachers annual salary the bars representing successive years are either unchanged or decreasing in size.
A rectangular field has an area of exactly 1 square mile. if the field has a length of 250 yards and 3 inches, what is the width of the field? Give your answer in feet and inches, and round to the nearest inch. What is the perimeter of this field?
What is the difference between entrepreneurs and inventors? What is the difference between entrepreneurs and inventors as defined in entrepreneurship point of view?
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