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...

Find the first term and the common difference for the arithmetic sequence. Round approximations to the nearest hundredth.a22= 95, a65= 224

A. a1= 32, d = 129 B. a1= 129, d = 3 C. a1= 32, d = 3 D. a1= 129, d = 32

Mathematics

Provide an appropriate response.What polynomial, when divided by -12ax6, yields -7ax5 - 5x4 + 9 as a quotient?

A. 84ax5 + 60x4 - 108 B. 84a2x11 - 5x4 + 9 C. 84a2x11 + 60ax10 - 108ax6 D. 84a2x11 + 60ax10

Mathematics

Find an equation for the line with the given properties.Perpendicular to the line 9x - 4y = 30; containing the point (6, -6)

A. 6x + 4y = 30 B. 4x - 9y = -30 C. 9x + 4 = 9 D. 4x + 9y = -30

Mathematics

Decide whether the argument is valid or invalid, and give the form (of valid or invalid argument) that applies.If you wear a tie, then you look natty.You are not wearing a tie.

A. Valid; modus tollens B. Valid; disjunctive syllogism C. Invalid; fallacy of the converse D. Invalid; fallacy of the inverse

Mathematics