subject
Mathematics, 01.01.2022 03:20 jasonoliva13

A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. The interest rate this person pays on a $150,000 loan is 11%, compounded monthly. Assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. If this person invested this total amount in an account paying simple interest at the rate of 2. 5%, how much money would have accumulated in interest by the time the mortgage is paid off? a. $37,395. 18 b. $74,790. 37 c. $623. 25 d. $3,739. 52 Please select the best answer from the choices provided. A B C D.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 22:00
Complete each sentence with the correct form of the verb ser or estar to say where the following people are from or where they are right now claudia y maria en méxico
Answers: 1
question
Mathematics, 21.06.2019 22:50
Which best explains why this triangle is or is not a right triangle ?
Answers: 2
question
Mathematics, 21.06.2019 23:40
Binh says the point of intersections is (0,-3) which statements identify the errors binh made , check all that apply
Answers: 2
question
Mathematics, 22.06.2019 00:00
Aclothing designer is selecting models to walk the runway for her fashion show. the clothes she designed require each model’s height to be no more than y inches from 5 feet 10 inches, or 70 inches. which graph could be used to determine the possible variance levels that would result in an acceptable height, x?
Answers: 2
You know the right answer?
A person who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6...
Questions
question
Mathematics, 21.01.2021 01:40
question
History, 21.01.2021 01:40
question
Computers and Technology, 21.01.2021 01:40
Questions on the website: 13722367