Rich is buying a home for $244,800. he is making a 15% down payment and financing the rest with a 25-year loan a 5.25% interest

a. $1149.02

b. $1216.44

c. $1246.82

d. $1466.84

C. $1246.82

Step-by-step explanation:

Using the factor shown in the table for a 25-year loan at 5.25%, the calculated payment is ...

5.992·(244.8·0.85) = 1246.82

The factor of 0.85 on the home price represents the effect of subtracting 15% from the price to get the loan value. Of course, the home price is the number of thousands, so is 244.8 thousand.

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If you do the calculation, rather than use a factor from a table, you get a mortgage payment value of $1246.91. This suggests that the numbers in the table need more significant digits for loan values this high.

2x^2+5x+17

your welcome. : )

to determine the unit cost your would divide the total cost by the number sold.

7 bagels for $4.41       $4.41/7 = $.63 each at fresh side

5 bagels for $3.60         $3.60/5 = $.72 each at value mart