Mathematics, 14.03.2022 18:40 angelread53621

I’m stuck on a math problem. It’s asking.. You plan to purchase a house for $425,000 and you will make a 30% down payment. You are evaluating two mortgages a 30-year fixed mortgage at 2.77% and a 15 year fixed mortgage at 2.15%. Your goal is to have a monthly payment that fits within your budget.

A. Which mortgage will give you the lowest monthly payment . What will that payment be. How much less will this be than the other monthly mortgage payment.

B. Assuming you take the full term of the mortgage, which mortgage will result in you paying the most interest. What will that interest be? How much less will this be than the interest on on the other mortgage?

Answers: 2

Show answers

Another question on Mathematics

Mathematics, 21.06.2019 18:50

What is the range? can’t seem to find it out

Answers: 1

Answer

Mathematics, 21.06.2019 20:00

How long does it take natsumi to clean up after she is done? table: .area time30. 245. 2.7560. 3.5

Answers: 2

Answer

Mathematics, 21.06.2019 21:00

Describe how making an ‘and’ compound sentence effects your solution set

Answers: 1

Answer

Mathematics, 21.06.2019 23:10

Aline has a slope of . which ordered pairs could be points on a parallel line? check all that apply. (-8, 8) and (2, 2) (-5, -1) and (0, 2) (-3, 6) and (6, -9) (-2, 1) and (3,-2) (0, 2) and (5,5)

Answers: 3

Answer

You know the right answer?

I’m stuck on a math problem. It’s asking.. You plan to purchase a house for $425,000 and you will...

Questions

Business, 13.12.2019 17:31

Kenneth lived in his home for the entire year except for when he rented his home (near a very / nice ski resort) to a married couple for 14 days in de...

Business, 13.12.2019 17:31

If a support department's costs were budgeted to be $150,000 and actual costs incurred by the support department were $200,000, the total amount of th...

Physics, 13.12.2019 17:31

Abucket of mass m is being drawn up a well by a rope which exerts a steady force p on the bucket. initially the bucket is at rest and contains a total...

Business, 13.12.2019 17:31

The political business cycle refers to the phenomenon that just before elections, politicians enact policies. after the elections, the bad effects of...

Business, 13.12.2019 17:31

The ticktock corporation produces clocks. according to company standards, it should take 2 hours of direct labor to produce a clock. tik toks standard...

Social Studies, 13.12.2019 17:31

Your grandmother, who is a smoker and has a heart murmur, has hearing aids and does not like them because they seem to amplify all types of sounds rat...

Social Studies, 13.12.2019 17:31

One of the reasons service failures need to be addressed quickly is to: a. minimize the zone of tolerance. b. increase empowerment zones...

Biology, 13.12.2019 17:31

Investigators have found a new species bacteria that lives under both aerobic and anaerobic conditions. they hypothesize that different genes are expr...

Social Studies, 13.12.2019 17:31

Susan, debra, and sally are serving as subjects in a psychology experiment. each will be taught to ride a bicycle. susan will be taught by an expert i...

Business, 13.12.2019 17:31

Thomas is applying to refinance his mortgage. his first mortgage is $25,000 at a 9% rate. he plans to get cash out, up to $40,000. he qualifies for an...

Business, 13.12.2019 17:31

You purchased a machine for $ 1.00 million three years ago and have been applying straight-line depreciation to zero for a seven-year life. your tax r...

Social Studies, 13.12.2019 17:31

The brainiacs at the optimum computing corporation have developed a superior notebook computer. the advertising department knows that the purchase of...

Business, 13.12.2019 17:31

Hi tech products has 35,000 bonds outstanding that are currently quoted at 102.3. the bonds mature in 11 years and carry a 9 percent annual coupon.

Business, 13.12.2019 17:31

To overcome barriers to organizational change, companies work more collaboratively than in the past. in companies such as microsoft, an important obst...

Mathematics, 13.12.2019 17:31

Chiquita and the rhonda are each building a snowman. rhonda tells chiquita that she is making each of her 3 balls of snow 20% smaller than the one bel...

Social Studies, 13.12.2019 17:31

An area of the containing one group of neurons that are sensitive to incoming hunger signals and another area that responds to satiety signals, has b...

Mathematics, 13.12.2019 17:31

Ann needs to have money available to pay an annual renters insurance premium of $224, ten months from now. she has savings of $0 in her current budget...

Engineering, 13.12.2019 17:31

Determine if adam moriarty is a senior staff member. a. the if function should first determine if the staff member's service years is greater than 3....

Biology, 13.12.2019 17:31

The has the thickest wall of all the heart chambers as it pumps blood through the circulation. which words fill in the blanks in the correct order (...

Mathematics, 13.12.2019 17:31

Mr. dogs has asked your company to design a seating plan for a new nhl arena currently his team plays in a ring like the one below mr. dog once the nu...

Another questions