Mathematics, 24.09.2019 10:30 Shaynele

Milan is taking out a mortgage for $258,000 to buy a new house and is deciding between the offers from two lender
he wants to know which one would be the better deal over the life of the mortgage loan, and by how much.
answer each part. do not round intermediate computations, and round your answers to the nearest cent.
if necessary, refer to the list of financial formulas.
(a) an online lending company has offered him a 30-year mortgage loan at an annual
interest rate of 4.8%. find the monthly payment.
x
5
(b) a bank has offered him a 15-year mortgage loan at an annual interest rate of 4.8%.
find the monthly payment.
(c) suppose milan pays the monthly payment each month for the full term. which lender's
mortgage loan would have the lowest total amount to pay off, and by how much?
online lending company

Answers: 3

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 15:30

Asquare is dilated by a scale factor of 1.25 to create a new square. how does the area of the new square compare with the area of the original square? a)the area of the new square is 1.25 times the area of the original square. b)the area of the new square is 2.50 times the area of the original square. c)the area of the new square is 1.252 times the area of the original square. d)the area of the new square is 1.253 times the area of the original square.

Answers: 1

Answer

Mathematics, 21.06.2019 17:30

Trent wants to buy 2 packs of trading cards for 3 dollars each. the trading card packs that trent normally buys tend to come in packs of 6, 10, 12, or 15 cards. after selecting 2 packs, trent found that the first pack of cards cost 25 cents per card, and the second pack cost 30 cents per card. trent uses this information to write the equations below in order to compare c, the number of cards in each pack.

Answers: 2

Answer

Mathematics, 21.06.2019 18:00

List the sides of δrst in in ascending order (shortest to longest) if: a ∠r =x+28°, m∠s = 2x+16°, and m∠t = x+12°

Answers: 2

Answer

Mathematics, 21.06.2019 19:30

[15 points]find the quotient with the restrictions. (x^2 - 2x - 3) (x^2 + 4x + 3) ÷ (x^2 + 2x - 8) (x^2 + 6x + 8)

Answers: 1

Answer

You know the right answer?

Milan is taking out a mortgage for $258,000 to buy a new house and is deciding between the offers fr...