Maria takes out a $135,000 mortgage at 4.9% and plans to pay it back in 15 years. her monthly payment is $1,061. what proportion of the total loan payments maria makes goes to interest?

ANSWER:

th proportion of the total loan payments Maria makes goes to interest

SOLUTION:

Given, Maria takes out a $135,000 mortgage at 4.9%  

And plans to pay it back in 15 years.  

Her monthly payment is $1,061.  

We need to find what proportion of the total loan payments Maria makes goes to interest?

Now, let us find the total payment made by her.

Total payment = monthly payment 12 months  15 years

= 1061 x 12 x 15  = 190980

Now,  

Interest amount for 15 years = total payment – mortgage amount taken by her.

= 190980 – 135000  = 55980

Now, proportion of interest =

Hence th proportion of the total loan payments Maria makes goes to interest

x=-2

infinite number of lines, so there is an infinite number of equations.

step-by-step explanation:

there are an infinite number of line that passes through the point (-2,5)

x=-2   is one line that passes through the point

y = 5 is another line that passes through the point

(these two lines are perpendicular to each other).

since the number of   numbers are infinite and the slope is the ratio of two numbers,(change in y over change in x) we can have an infinite number of slopes.     our only condition is that it passes through the point (-2,5)