Solve the problem.
Jackie Rambler purchased a home for $124,000. Oakwood Mortgage Company approved her loan application for a 22-year fixed-rate loan at 6.25%. Jackie agreed to pay 20% of the purchase price as a down payment. How much interest would she have saved if she made the same loan with the same down payment for 12 years?
A. $41,521.15
B. $51,901.44
C. $43,592.45
D. $37,592.83
Answer: A
Mathematics
You might also like to view...
Solve the problem.Find an upper bound for in estimating
with n = 5 steps.
A.
B.
C.
D.
Mathematics
Factor the trinomial completely.15z2 - 8z - 16
A. (15z - 4)(z + 4) B. (3z + 4)(5z - 4) C. (3z - 4)(5z + 4) D. (15z - 4)(z - 16)
Mathematics
Graph the system of inequalities.y > y ? -x2 + 4x + 5
A.
B.
C.
D.
Mathematics
Which property or identity justifies the statement? ?
=
?
+
?
A. Multiplication Property B. Associative Property C. Distributive Property D. Commutative Property
Mathematics