The potters have 25 years left on their current home mortgage and an outstanding balance of $95,000. they are refinancing the outstanding balance for 25 years with an apr of 4.9 compounded monthly a) under the current loan, the potter's monthly mortgage payment is $900. how much will the potters be saving each month in the mortgage payments by refinancing (4 pts.) b) if the bank adds an additional closing cost of $5,000, how long will it take the potters to recover those costs considering their monthly savings in the mortgage payment? as the closing costs have to be paid in cast at the time they refinance

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56

step-by-step explanation:

the correct option is 2.

step-by-step explanation:

according to the given information triangle abc is a right angle triangle with right angle at a. segment ab is 5 and segment ac is 7. point d is on segment bc and angles adb and adc are right angles.

it is given that triangles abd, cad, and cba are similar.

two triangles are similar if their corresponding sides are proportional.

in triangle cba, using pythagoras theorem

                      )

triangle abd and cba are similar,

                            (2)

triangle cad and cba are similar,

                      )

using (1), (2) and (3), we get

hence proved.

therefore option 2 is correct.

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step-by-step explanation: