Vanessa bought a house for $268,500. she has a 30 year mortgage with a fixed rate of 6.25%. vanessa’s monthly payments are $1,595.85. how much was vanessa’s down payment? a. $9,314.45 b. $16,781.25 c. $40,275.00 d. $53,040.00

Option a - $9,314.45

Step-by-step explanation:

Cost of the house = $268,500

Time of repayment = 30 years

Repayment is done monthly, so number of repayments = 30 X 12 = 360

Monthly Payment = $1595.85

Rate of interest per payment period =

So, Present value of monthly payments = 1595.85 X  

= $259,185.55

So, Vanessa's down payment = $268,500 - $259,185.55 = $9,314.45

Hope it helps.

Thank you !!

the area of a triangle is determined by the formula: base x height * 1/2

you'll need to assign a base to the triangle. based on the vertices given, the simplest base would be the line segment from (-2,1) to (2,1). the distance between any two numbers is found by just subtracting them. here, you should subtract the x values to find the distance of this side.

2 - (-2) = 4.

so the distance (aka the length of the base) is 4. the height of the triangle is the distance between the base and the highest point on the triangle which is (3,4). we should subtract the y values this time to find the height/distance.

4 - 1 = 3

so the height is 3.

base = 4

height = 3

hope this if needed hmu