Charlie needs a $275,000 mortgage and he'd like to pay it off in 30 years. He is considering two banks. Bank A: 3.5% with monthly payments of $1234.87 Bank B: 4% with monthly payments of $1312.89 Charlie doesn't think a 0.5% difference is that much. What is the difference between these two bank loans with total interest paid over the life of the loan?

Answers

Answer 1

Answer:

Difference in interest= $41,250

Step-by-step explanation:

To calculate the interest paid on each bank loan we use the following formula

Interest = Principal * Rate * Time

For Bank A

Interest = 275,000 * 0.035 * 30

Interest = $288,750

For Bank B

Interest = 275,000 * 0.04 * 30

Interest = $330,000

Therefore

Difference in interest= 330,000 - 288,750

Difference in interest= $41,250

Therefore if the mortgage is taken from Bank B he will pay an extra $41,250 on the loan.

The 0.5% difference in rates has a large impact over the 30 year term loan


Related Questions

A researcher wishes to determine whether people with high blood pressure can lower their blood pressure by performing yoga exercises. A treatment group and a control group are selected. The sample statistics are given below. Construct a 90% confidence interval for the difference between the two population means, Would you recommend using yoga exercises? Treatment Group Control Group n1 = 100 n2 = 100 1 = 178 2 = 193 s1 = 35 s2 = 37

Answers

Answer:

90% confidence interval for the difference between the two population means

( -23.4166 , -6.5834)

Step-by-step explanation:

Step(i):-

Given first sample size n₁ = 100

Given mean of the first sample x₁⁻ = 178

Standard deviation of the sample S₁ = 35

Given second sample size n₂= 100

Given mean of the second sample x₂⁻ = 193

Standard deviation of the sample S₂ = 37

Step(ii):-

Standard error of two population means

        [tex]se(x^{-} _{1} -x^{-} _{2} ) = \sqrt{\frac{s^{2} _{1} }{n_{1} }+\frac{s^{2} _{2} }{n_{2} } }[/tex]

       [tex]se(x^{-} _{1} -x^{-} _{2} ) = \sqrt{\frac{(35)^{2} }{100 }+\frac{(37)^{2} }{100 } }[/tex]

        [tex]se(x^{-} _{1} -x^{-} _{2} ) = 5.093[/tex]

Degrees of freedom

ν  = n₁ +n₂ -2 = 100 +100 -2 = 198

t₀.₁₀ = 1.6526

Step(iii):-

90% confidence interval for the difference between the two population means

[tex](x^{-} _{1} - x^{-} _{2} - t_{\frac{\alpha }{2} } Se (x^{-} _{1} - x^{-} _{2}) , x^{-} _{1} - x^{-} _{2} + t_{\frac{\alpha }{2} } Se (x^{-} _{1} - x^{-} _{2})[/tex]

(178-193 - 1.6526 (5.093) , 178-193 + 1.6526 (5.093)

(-15-8.4166 , -15 + 8.4166)

( -23.4166 , -6.5834)

2 lines intersect a horizontal line to form 8 angles. Labeled clockwise, starting at the top left, the angles are: A, B, C, D, E, F, G, D. Which of the pairs of angles are vertical angles and thus congruent? ∠A and ∠G ∠A and ∠B ∠C and ∠F ∠D and ∠H

Answers

Answer:

∠A and ∠G is the pair of vertical angles.

Step-by-step explanation:

From the figure attached,

Two lines 'm' and 'n' are two parallel lines. These lines intersect a horizontal line 'l'.

Since, "Pair of opposite angles formed at the point of intersection are the vertical angles and equal in measure."

Therefore, Opposite angles ∠A ≅ ∠G, ∠B ≅ ∠H, ∠C ≅ ∠E and ∠D ≅ ∠F are the vertical angles.

From the given options,

∠A and ∠G is the pair representing the pair of vertical angles and thus congruent.

Answer:

a

Step-by-step explanation:

In a factory there are 100 units of a certain product, 5 of which are defective. We pick three units from the 100 units at random. What is the probability that none of them are defective

Answers

Answer:

Probability of picking all three non-defective units

= 7372/8085  (or 0.911812 to six decimals)

Step-by-step explanation:

Let

D = event that the picked unit is defective

N = event that the picked unit is not defective

Pick are without replacement.

We need to calculate P(NNN) using the multiplication rule,

P(NNN)

= 97/100 * 96/99 * 95/98

=7372/8085

= 0.97*0.969697*0.9693878

= 0.911812

The probability that none of the picked products are defective is;

P(None picked is defective) = 0.856

We are told that 5 are defective out of 100.

This means the number of good products that are not defective are 95.

Probability of the first picked product not being defective is written as; P(First picked not defective) = 95/100

Since the good ones have been picked, there will be 99 left of which the good ones are now 94. Thus, probability of second one not being defective = 94/99

Since two good ones have been picked, there will be 98 left and 93 good ones left. Thus, probability of third one not being defective = 93/98

Finally, Probability of none of the three being defective is;

95/100 × 94/99 × 93/98 = 0.856

Read more at; https://brainly.com/question/14661097

You’ve been contracted to wallpaper a wall 10 feet wide and 12 feet high with a square window with 3 foot sides. How many square feet of wallpaper do you need to cover the wall if you were to exclude the opening for the window? _____ square feet

Answers

Answer:

111 ft²

Step-by-step explanation:

wall: 10 x 12 = 120

window: 3 x 3 = 9

wall - window = area to wallpaper

120 - 9 = 111

111 ft²

Answer:

111 sq ft

Step-by-step explanation:

wall: 10 x 12 = 120

window: 3 x 3 = 9

wall - window = area to wallpaper

120 - 9 = 111

111 ft²

.... i repost bec brainly would not allow me to make it lager
that is all i can do​

Answers

Answer:

Hey there!

Richard has 480 dollars.

Giving 1/4 of the money to his brother would mean giving 120 dollars to his brother.

Richard has 480-120, or 360 dollars left.

Giving 1/3 of the money left would be giving 120 dollars to his sister.

His sister and brother both got 120 dollars from Richard.

Hope this helps, and let me know if you need more help. :)

What is the missing statement in step 10 of the proof?

Answers

Answer:

c/sin C = b/sin C

Step-by-step explanation:

Look at the statement in the previous step and the reason in this step.

c sin B = b sin C

Divide both sides by sin B sin C:

(c sin B)/(sin B sin C) = (b sin C)/(sin B sin C)

c/sin C = b/sin B

[tex]\sqrt{x+1+5=x}[/tex] Please help [tex]\sqrt{5x-x=0}[/tex] I actually can't do this, also thirty points

Answers

Answer:

It is undefined.

Step-by-step explanation:

Let's take a look at the first equation- if we simplify and move the terms, it becomes sqrt of 6 = 0, which results in an undefined value of x. The second equation works with x=0 but not the first so the value of x is undefined.


The population of Jacksonville is 836,507. What is the population rounded to the
nearest hundred thousand?
A. 900,000
O
B. 850,000
C. 840,000
o D. 800,000​

Answers

Answer:

D. 800,000

Step-by-step explanation:

It is D because you find the hundred thousand place which is the 8, the you go to the number next door which is 3, if the 3 is 5 or greater the 8 will become a 9 or if it is not then it will stay the same. And everything to the left stays the same, everything to the right turns into zeros.

The time, X minutes, taken by Tim to install a satellite dish is assumed to be a normal random variable with mean 127 and standard deviation 20. Determine the probability that Tim will takes less than 150 minutes to install a satellite dish.

Answers

Answer: 0.8749

Step-by-step explanation:

Given, The time, X minutes, taken by Tim to install a satellite dish is assumed to be a normal random variable with mean 127 and standard deviation 20.

Let x be the time taken by Tim to install a satellite dish.

Then, the probability that Tim will takes less than 150 minutes to install a satellite dish.

[tex]P(x<150)=P(\dfrac{x-\text{Mean}}{\text{Standard deviation}}<\dfrac{150-127}{20})\\\\=P(z<1.15)\ \ \ [z=\dfrac{x-\text{Mean}}{\text{Standard deviation}}]\\\\=0.8749\ [\text{By z-table}][/tex]

hence, the required probability is 0.8749.

Find the missing side of the triangle. A. √321 yd B. √221 yd C. 3√38 yd D. √21 yd

Answers

Answer:

(B) [tex]\sqrt{221}[/tex] yards

Step-by-step explanation:

Since this is a right triangle, we can use the Pythagorean Theorem to find the length of x.

The Pythagorean Theorem states that [tex]a^2 + b^2 = c^2[/tex], where a and b are our legs and c is the hypotenuse.

We need to find c, and we already know a and b, so let's substitute.

[tex]10^2 + 11^2 = c^2\\\\100+121=c^2\\\\221=c^2\\\\c=\sqrt{221}[/tex]

Hope this helped!

Suppose a vine maple grows in height linearly. Four weeks after it is planted it stands 10.67 inches, and after seven weeks it is 15.67 inches tall. Write an equation that models the growth, in inches, of the vine maple as a function of time, in weeks. 1. What is the slope of the function? 2. How tall was the tree when it was first planted? 3. Write the function 4. How tall will the vine maple be after 16 weeks?

Answers

Answer:

Height (z)= 4+(5/3)(z)

Where z is the number of weeks

1). Slope = 4

2). Height= 5.67 inches

3).Height (z)= 4+(5/3)(z)

4).Height= 30.67 inches

Step-by-step explanation:

At week four

10.67= x+4y

Week 7

15.67= x+7y

Solving both equation simultaneously

3y= 5

Y= 5/3

15.67= x+7y

15.67= x+7(5/3)

15.67-35/3= x

15.67-11.67= x

4= x

The modeled equation is

Height (z)= 4+5/3(z)

Where z is the number of weeks

Slope of the function as compared to y= mx+c is 4

The first week of it's plantation

Height (z)= 4+5/3(z)

Height (1)= 4+5/3(1)

Height= 5.67 inches

After 16 weeks

Height (z)= 4+(5/3)(z)

Height (16)= 4+(5/3)(16)

Height= 30.67 inches

Gavin goes to the market and buys one rectangle shaped board. The length of the board is 16 cm and width of board is 10 cm. If he wants to add a 2 cm wooden border around the board, what will be the area of the rectangle board?

Answers

Answer:

The answer is 216

Step-by-step explanation:

if there is a 2 cm border, that means that the sides will both become 2 centimeters longer. so (16+2)*(10*2) = 18*12 = 216.

What is the probability that a randomly selected individual on this campus weighs more than 166 pounds? (express in decimal form and round final answer to 4 decimal places)

Answers

Answer:

hello attached is the missing part of your question and the answer of the question asked

answer : 0.2951

Step-by-step explanation:

Given data:

number of persons allowed in the elevator = 15

weight limit of elevator = 2500 pounds

average weight of individuals = 152 pounds

standard deviation = 26 pounds

probability that an individual selected weighs more than 166 pounds

std = 26 ,  number of persons(x) = 15, average weight of individuals(u) = 152 pounds

p( x > 166 ) = p( x-u / std,  166 - u/ std )

                  = p (  z > [tex]\frac{166-152}{26}[/tex] )

                  = 1 - p( z < 0.5385 )

p( x > 166 ) = 1 - 0.70488 = 0.2951

Drag the ruler over each side of the triangle to find its length. The length of AB is . The length of BC is . ASAP Drag the protractor over each angle to find its measure. The measure of angle C is . The measure of angle B is .

Answers

Answer:

Drag the ruler over each side of the triangle to find its length.

The length of AB is

✔ 5

.

The length of BC is

✔ 4

.

Drag the protractor over each angle to find its measure.

The measure of angle C is

✔ 90°

.

The measure of angle B is

✔ 36.9°

.

Step-by-step explanation:

The length of sides AB and BC of the triangle will be 5 units and 4 units. And the measure of angle C and angle B of the triangle will be 90° and 37°.

What is a right-angle triangle?

It's a form of a triangle with one 90-degree angle that follows Pythagoras' theorem and can be solved using the trigonometry function.

Drag the ruler over each side of the triangle to find its length.

The length of side AB of the triangle is 5 units.

The length of side BC of the triangle is 4 units.

Drag the protractor over each angle to find its measure.

The measure of angle C of the triangle is 90°.

The measure of angle B of the triangle is 37°.

The length of sides AB and BC of the triangle will be 5 units and 4 units.

And the measure of angle C and angle B of the triangle will be 90° and 37°.

More about the right-angle triangle link is given below.

https://brainly.com/question/3770177

#SPJ2

A girl has 98 beads, and all but 14 were lost. how many beads did she loose?

Answers

Answer:

84 beads

Step-by-step explanation:

She had 98 beads and lost all but fourteen. So it would be 98 - 14 which would get you 84 beads that the girl has lost

Question: 2. Musah Stands At The Centre Of A Rectangular Field. He First Takes 50 Steps North, Then 25 Steps West And Finally 50 Steps On A Bearing Of 3150 Sketch Musah's Movement Mark 41 Ii. How Far West Is Musah's Final Point From The Centre? [Mark 41 Iv. How Far North Is Musah's Final Point From The Centre? Mark 41 Describe How You Would Guide A JHS Student​

Answers

Answer:

60.36 steps West from centre

85.36 steps North from centre

Step-by-step explanation:

Refer to attached

Musah start point and movement is captured in the picture.

1. He moves 50 steps to North, 2. Then 25 steps to West, 3. Then 50 steps on a bearing of 315°. We now North is measured 0°

or 360°, so bearing of 315° is same as North-West 45°.

Note. According to Pythagorean theorem, 45° right triangle with hypotenuse of a has legs equal to a/√2.

How far West Is Musah's final point from the centre?

25 + 50/√2 ≈ 60.36 steps

How far North Is Musah's final point from the centre?

50 + 50/√2 ≈ 85.36 steps

15P! NEED TODAY! WILL MARK BRAINLIEST! HELP! 15P! NEED TODAY! WILL MARK BRAINLIEST! HELP! You need to solve a system of equations. You decide to use the elimination method. Which of these is not allowed? Equation 1: 2x - 3y = 12 Equation 2: -2x + y = 8 A. Add the left side of equation 2 to the left side of equation 1. B. Multiply equation 2 by 3. Then substract the result from equation 1. C. Add equation 2 to equation 1.

Answers

Answer:

(A)

Step-by-step explanation:

That rule isn't used in the elimination methods for systems of equations, but, rather, it is used in substitution methods. The other rules are used in elimination.

Please tell me if I got it wrong.  I really hope it is correct.

A. Add the left side of equation 2 to the left side of equation 1.

B. Multiply equation 2 by 3. Then subtract the result from equation 1.

C. Add equation 2 to equation 1.

Express the function F in the form f∘g. (Enter your answers as a comma-separated list. Use non-identity functions for f(x) and g(x).)

F(x) = (x − 1)4

Answers

Answer:

[tex]f(x) = x^{4}[/tex], [tex]g(x) = x-1[/tex]

Step-by-step explanation:

Let be [tex]F(x) = f\circ g (x) = (x-1)^{4}[/tex], then expression for [tex]f(x)[/tex] and [tex]g(x)[/tex] are, respectively:

[tex]f(x) = x^{4}[/tex] and [tex]g(x) = x-1[/tex]

PLEASE HELP!! (3/5) - 50 POINTS -

Answers

Answer:

infinite number of solutions

Step-by-step explanation:

A dependent system is where the two equations are the same line has has an infinite number of solutions

Answer:

[tex]\boxed{\sf D) \ an\ infinite \ number \ of \ solutions}[/tex]

Step-by-step explanation:

A dependent system of equations has an infinite number of solutions.

When you graph the system of equations, both the equations represent the same line and have an infinite number of solutions.

Which option is correct and how would one solve for it?

Answers

Answer:

-3/5, -1, -5/3,  -3, -7

Step-by-step explanation:

Let x go from 1 to 5

x =1      (1+2)/(1-6) = 3/-5 = -3/5

x =2      (2+2)/(2-6) = 4/-4 = -1

x =3      (3+2)/(3-6) = 5/-3 = -5/3

x =4      (4+2)/(4-6) = 6/-2 = -3

x =5      (5+2)/(5-6) = 7/-1 = -7

A player at a fair pays Rs. 100 to roll a dice. The player receives Rs. 50 if the number of dots facing up is equal to 5, Rs. 200 if the number is 6, but nothing otherwise. Find the expected value of the reward Y. What is the expected value of the gain? Find out the standard deviation of Y.

Answers

Answer:

The dice has 6 options:

if the outcome is 5, player wins 50

if the outcome is 6, player wins 200

if the outcome is another number, the player does not win anything.

Now, remember that the expected value can be written as:

E = ∑xₙpₙ

where xₙ is the event n, and pₙ is the probability of that event.

for a dice, the probabilty for each number is 1/6

The expected value is:

E = (1/6)*(0 + 0 + 0 + 0 + 50 + 200) = 41.66

The expected gain will be E - 100 (because the player pays 100 in order to play)

Then the expected gain is:

G = 41.66 - 100 = -58.33

The standard deviation can be written as:

s = √( ∑(x - x)^2/n)

where x is the mean, in this case the mean is:

(200 + 50 + 4*0)/6 = 41.66  and n = 6.

s = √( (1/6)*(4*(0 - 41.66)^2 + (50 - 41.66)^2 + (200 - 41.66)^2) ) = 73

So we have a lot of standard deviation on Y.

Carol owns a BBQ company that sells brisket for $11.75 per pound (after it is smoked for 10 hours). She buys the brisket for an AP$ of $4.72 per pound and they weigh 10.4 lbs each. Once they are done smoking, they weigh 6.24 lbs each.




What is the yield % of the briskets after Carol is done smoking them?

Answers

Answer: 60%

Step-by-step explanation:

Given, AP$ of Brisket = $4.72

Weight of each brisket on purchase : 10.4 lbs

Weight of each brisket after smoking : 6.24 lbs

Yield % of the briskets after Carol is done smoking them=[tex]\dfrac{\text{Weight after smoking}}{\text{Weight on purchase}}[/tex]

[tex]\dfrac{6.24}{10.4}\times100\\\\=60\%[/tex]

Hence, the yield % of the briskets after Carol is done smoking them = 60%

2 divided by ___=42 two divided by what equals 42?

Answers

2 divided by 0.048=42


Emily made a pot cream of pumpkin soup for thanksgiving dinner she put 5 cups of cream in the soup she poured the soup into 24 small bowl show much cream measured in oz is used for each small bowl of soup?

Answers

Answer:

each bowl can contain 5/3 oz. of soup.

Step-by-step explanation:

1 cup = 8 oz.

                  8 oz.

5 cups x --------------  =  40 oz.

                   1 cup

to get the measurement of each bowl,

40 oz. divided into 24 bowls.

therefore, each bowl can contain 5/3 oz. of soup.

A random sample of 1003 adult Americans was asked, "Do you think televisions are a necessity or a luxury you could do without?" Of the 1003 adults surveyed, 521 indicated that televisions are a luxury they could do without. Construct and interpret a 95% confidence interval for the population proportion of adult Americans who believe that televisions are a luxury they could do without out.

Answers

Answer:

The  95% confidence interval is  [tex]0.503 < p < 0.535[/tex]

The  interpretation is that there is 95% confidence that the true population proportion lie within the confidence interval

Step-by-step explanation:

From the question we are told that

    The  sample size is n  =  1003

     The number that indicated television are a luxury is  k  =  521

Generally the sample mean is mathematically represented as

           [tex]\r p = \frac{k}{n}[/tex]

          [tex]\r p = \frac{521}{1003}[/tex]

         [tex]\r p = 0.519[/tex]

Given the confidence level is  95% then the level of significance is mathematically evaluated as

       [tex]\alpha = 100 - 95[/tex]

       [tex]\alpha = 5\%[/tex]

       [tex]\alpha = 0.05[/tex]

Next we obtain the critical value of [tex]\frac{ \alpha }{2}[/tex] from the normal distribution table, the value is  

          [tex]Z_{\frac{\alpha }{2} } = 1.96[/tex]

The  margin of error is mathematically represented as

           [tex]E = Z_{\frac{\alpha }{2} } * \sqrt{ \frac{\r p (1- \r p )}{n} }[/tex]

=>       [tex]E = 1.96 * \sqrt{ \frac{ 0.519 (1- 0.519 )}{1003} }[/tex]

=>       [tex]E = 0.016[/tex]

The  95%  confidence interval is mathematically represented as

       [tex]\r p -E < p < \r p +E[/tex]

=>   [tex]0.519 - 0.016 < p < 0.519 + 0.016[/tex]

=>    [tex]0.503 < p < 0.535[/tex]

Which of the following points IS a solution to the system: y > - 3x + 4 / y > 2x / - y < 7 Selected answer is not correct.

Answers

Answer:

Solution : Third Option

Step-by-step explanation:

The first step here is to make all the signs uniform. As you can see the third inequality has a less than sign, which we can change to a greater than sign by dividing negative one on either side, making the inequality y > - 7.

[tex]\begin{bmatrix}y>-3x+4\\ y>2x\\ y>-7\end{bmatrix}[/tex]

Now take a look at the third option. Of course the y - coordinate, 3, is greater than - 7, so it meets the third requirement ( y > - 7 ). At the same time 3 > 1( 2 ) > 2, and hence it meets the second requirement as well. 3 > - 3( 1 ) + 4 > - 3 + 4 > 1, meeting the first requirement.

Therefore, the third option is a solution to the system.

distance between 2,-5 and 3,-7

Answers

Answer:

√5

Step-by-step explanation:

[tex](2 ,-5) = (x_1,y_1)\\(3,-7)=(x_2,y_2)\\\\d = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}\\ \\d = \sqrt{(3-2)^2 +(-7-(-5))^2}\\ \\d = \sqrt{(1)^2+(-7+5)^2}\\ \\d = \sqrt{(1)^2 + (-2)^2}\\ \\d = \sqrt{1 +4}\\ \\d = \sqrt{5}[/tex]

Solve for x: x/25 > 5

Answers

Answer:

x>125

Step-by-step explanation:

Answer:

x > 125

Step-by-step explanation:

Multiply each side by 25, so it now looks like this: x > 125

I hope this helps!

22/25of a number is what percentage of that number?

Answers

Answer:

88%.

Step-by-step explanation:

Multiply the fraction by 100:

(22/25) * 100

= 22 * 4

= 88%.

Determina el valor absoluto de 13 – 11|

Answers

Responder:

2

Explicación paso a paso:

El valor absoluto de una expresión es el también conocido como valor positivo devuelto por la expresión. Una expresión en un signo de módulo se conoce como valor absoluto de la expresión y dicha expresión siempre toma dos valores (tanto el valor positivo como el negativo).

Por ejemplo, el valor absoluto de x se escribe como | x | y esto puede devolver tanto + x como -x debido al signo del módulo.

Pasando a la pregunta, debemos determinar el valor absoluto de | 13-11 |. Esto significa que debemos determinar el valor positivo de la expresión como se muestra;

= | 13-11 |

= | 2 |

Este módulo de 2 puede devolver tanto +2 como -2, pero el valor absoluto solo devolverá el valor positivo, es decir, 2.

Por tanto, el valor absoluto de la expresión es 2

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