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Question: REFINANCING A HOME The Martinezes are planning to refinance their home. The outstanding balance on their original loan is $150,000. Their finance company has offered them two options: Option A: A fixed-rate mortgage at an interest rate of 7.5%/year compounded monthly, payable over a 30-yr period in 360 equal monthly installments. Option B: A fixed-rate mortgage at an interest rate of 7.25%/year compounded monthly, payable over a 15-yr period in 180 equal monthly installments.
a. Find the monthly payment required to amortize each of these loans over the life of the loan.
b. if they chose the 15-yr mortgage instead of the 30-yr mortgage?
To buy a laptop, Susan receives a $2000 loan at a 6.5% annual interest rate on January 10. The loan is due May 15. The year is not a leap year. Round the answers to the nearest cent (nearest hundredths)
Draw a triangle with sides measuring 8, 12, and 14.4 units. With a protractor measure the angles. Then compute the angles trigonometrically.
if the complex number z is imagined as a point in the complex plane then its conjugate z is the point obtained from z
Lydia purchased a $100,000 150-day T-bill when the prevailing yield on T-bills was 4.5%. She sold the T-bill 60 days later when the prevailing yield was 4.2%. What interest rate did Lydia earn during the 60-day period? (4.899%)
How long will it take for your balance to reach $50,000? (Use algebra, only if you are comfortable with logarithms; otherwise, use your calculator with trial-and-error techniques until you arrive at a reasonable answer.)
for each function f given below find all points a b at which fxx y and fyx y are both zero. determine whether fa b is
Explain how to derive the distance formula (assuming that the distance formula is not yet known), first in 2 dimentional and then in 3 dimentional
Q 1: If the Economic Order Quantity (EOQ) model is used to order material, which of the following represents the total annual variable cost that includes the annual costs of ordering and inventory holding?
Part D: In general, if the distance an object is moved is doubled, but the amount of work done does not change, how does the amount of force used change?
1. Look at an organization of the Memory dog website (http://www.memorydog.org) 2. Look into possible U.S. and California government programs which could provide grants to the Memory Dog for services and provide financial support. 3. Please more..
At a county fair truck pull, two pickup trucks are attached to the back end of a monster truck. One of the pickups pulls with a force of 2000 pounds and the other pulls with a force of 3000 pounds with an angle of 60° between them.
Determine the probability of drawing a poker hand
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