1. Rey Mercado has a house valued at $250,000. His mortgage is
for $180,000. How much money can he borrow if the bank will
lend 80 percent of the equity in the home?

2. Your credit card was stolen. You reported the theft within
24 hours. Before the theft was reported, the thief charged
$2,450 at a jewelry store and $1,245 at an electronics store.
How much of the fraudulent charges will you have to pay?

3. Jacki Marshall owes a balance of $5,000 on one credit card that charges 19 percent interest. She can pay off the balance in two years with monthly payments of $252.04. She has another credit card with a balance of $7,500 that charges 20 percent interest.
She can pay off the balance in two years with monthly payments of $381.72. Jacki owns a home valued at $150,000. She can get a home equity loan for $12,500 at 8 percent interest. Jacki can repay the loan in two years with monthly payments of $565.34. How much money will Jacki save if she takes out a home equityloan to pay off the credit card balances?

Answers

Answer 1

Answer:

1. $56,000

2. $3,695

3. $1,644.48

Step-by-step explanation:

1. Equity = valuation - mortgage

              = $250,000 - $180,000

              = $70,000

80% = 80/100 = 0.8

Therefore, 80% of the equity = 0.8 × $70,000

                                                = $56,000

2. Total charges = jewelry charge + electronics charge

                            = $2,450 + $1,245

                            = $3,695

3.

First credit card:

Total payment = two years × monthly payments

                        = 2 × 12 × $252.04

                        = $6,048.96

Interest = total payment - balance

             = $6,048.96 - $5,000

            = $1,048.96

Second credit card:

Total payment = two years × monthly payments

                        = 2 × 12 × $381.72

                        = $9,161.28

Interest = total payment - balance

             = $9,161.28 - $7,500

             = $1,661.28

Home equity loan:

Total payment = two years × monthly payments

                        = 2 × 12 × $565.24

                        = $13,565.76

Interest = total payment - balance

             = $13,565.76 - $12,500

             = $1,065.76

Money saved = (total of interest from credit cards) - home equity loan interest

                      = ($1,048.96 + $1,661.28) - $1,065.76

                      = $1,644.48


Related Questions

Answer this, please!
Help!!!

Answers

Answer:

25

Step-by-step explanation:

complementary angles is when their sum = 90 so

30 + 2x + 10 = 90

2x = 90 - 40

2x = 50

X = 25

Answer:

x = 25

Step-by-step explanation:

1. Due to the fact that Angle F and angle G are complementary, 2x + 10 + 30 = 90.

2. Solve this equation: 2x + 10 + 30 = 90

Add 10 and 30

2x + 10 + 30 = 90

2x + 40 = 90

3. Subtract 40 from 90

2x + 40 = 90

2x = 90 - 40

2x = 50

4. Divide 2 from 50

x = 50/2

x = 25

Explain how to solve the equation. 49= x/7

Part 1
Select the correct choice below and fill in the answer box within your choice.
​(Type a whole​ number.)

A . Subtract _from both sides.

B . Multiply both sides by _

C . Add_ to both sides.

D . Divide both sides by _

Answers

[tex]49 = \frac{x}{7} [/tex]

Multiply both sides of the equation by 7

[tex]49 \times 7 = \frac{x}{ \cancel7} \times \cancel7[/tex]

[tex]343 = x[/tex]

[tex]x = 343[/tex]

[tex]\green{ \rule{300pt}{3pt}}[/tex]

Option B is the correct choice and the number that comes in the blank is 7...~

please answer fast it will be very helpfull please it is a humble requst A samosa costs Rs 5 and a cold drink costs Rs 10. You take a samosa and cold drink every day for 6 days. The total money spent in 6 days is Rs
6x5+10
6x10+5
10x5+6
6x(5+10)

Answers

The first answer is 40 second 65 third 56 and then fourth 90

(C) 2a+a²b-2b-ab. send me fast ​

Answers

Answer:

what do you want me to do with that

factor?

Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used.
Match each linear equation with the correct description.

Answers

This is the Answer to this question  

Write each number in scientific notation. Show your work/explain.

A. 14,700
B. 0.00083
C. 760,000,000
D. 0.038
E. 0.38
F. 3.8
G. 3,800,000,000,000
H. 0.0000000009

Answers

Answer: [tex]1.47*10^4[/tex]

[tex]8.3*10^{-4}[/tex]

[tex]7.6*10^8[/tex]

[tex]3.8*10^{-2}[/tex]

[tex]3.8*10^{-1}[/tex]

[tex]3.8*10^0[/tex]

[tex]3.8*10^{12}[/tex]

[tex]9.0*10^{-10}[/tex]

Step-by-step explanation:

Scientific notation is a way of expressing numbers that are too large or too small.

To figure out the power of 10, think "how many places do I move the decimal point?"

1. When the number is 10 or greater, the decimal point has to move to the left, and the power of 10 is positive.

2. When the number is smaller than 1, the decimal point has to move to the right, so the power of 10 is negative.

c Sections
Help Resources
Find the vertex and focus of the
parabola:
y2 +12y - 4x + 48 = 0
Vertex = ([?], [?])
Focus = ([?], [?])
Enter

Answers

The focus (4,6) and the vertex (3,-6)

Alejandro started the 10-kilometer race at 8:22 am. He finished the race
at 9:09 am. How long did it take him to run the race?

Answers

Answer: 47 minutes

Step-by-step explanation:

First substract 22 from 60 to see how much it took to get till 9 and then add the remaining 9 minutes

Answer:

47 min

Step-by-step explanation:

22 from 8:22 + 47 min = 8:69

69 simplified = 1 hr 9 mins

9:09

pls mark brainliest if I'm correct

Please help me which shape is it.?

Answers

Answer:

Equilateral

Step-by-step explanation:

It is Equilateral because all sides have the same number of lines(1) telling us that all sides are the same :)

Have a wonderful day!!

Please rate and mark brainliest!!

Evaluate the following logarithms. log12144 = log151 = log3 ( 1 81 ) = log 0.00001 =

Answers

Answer:

Answer(s): (2,0,-4,-5)

log12 144 =  2

log15 1 = 0

log3 (  1/ 81  )  = -4

log 0.00001 =  -5

The values of the expression are,

1. 2

2. 0

3. -4

4. -5

What is Logarithm?

How many times must one "base" number be multiplied by itself in order to generate another specific number? The answer is found using a logarithm (or log).

For instance, how many times must a base of 10 be multiplied by itself to get 1,000? The answer is 3 (1,000 = 10 × 10 × 10).

Given that;

We have to use the property as;

aᵇ = x then

b = logₐx

So, we get;

log₁₂ 144 = a

12ᵃ = 144

12ᵃ = 12²

On comparing the base

= 2

Now,  second is,

log₁₅ 1 = a

15ᵃ = 1

a = 0

Now, log₃ (1/81)

3ᵃ = 1/81

3ᵃ = 3⁻⁴

a = - 4

And, log 0.00001

= log (10)⁻⁵

= -5 log 10

= -5

Learn more about Logarithm here:

brainly.com/question/30085872

#SPJ7

Mary has been hired as a receptionist. She is paid a flat rate of $150 each week and earns an additional
$12.50 for every hour that she works. If her goal is to make $575 in one week, how many hours must Mary
work?

Answers

Answer:

34

Step-by-step explanation:

$575-$150= $425

So $425 is how much she needs bc she already gets $150 each week so subtract it from the $575. then do

$425/$12.50=(hours)34) so she needs to work 34 hours this week to get 575$

If 14x + 5 = 12, what is the value of x?

Answers

x = 1/2

Step-by-step explanation:

14x + 5 = 12

14x = 12 - 5

14x = 7

x = 7/14

x = 1/2

Hope it helps you!!

Rena is building a 1 : 180 scale model of a real castle. Her model has a rectangular base that is 3 feet wide and 4 feet long.
The width of the actual castle is ___feet.

Pleeeeassseee someone help me with this. I'm really struggling, and I'm in the middle of a test. Not to mention I'm being homeschooled, so that doesn't help at all. Any please if you can help, do it.

Answers

i need points, thanks, goodluck!

David bought a poster for an art project. The poster is 2. 7 feet wide and 3. 9 feet tall. What is the area of the poster? Enter your answer as a decimal in the box. Ft2.

Answers

Answer:

10.53 ft.²

Step-by-step explanation:

Area of a rectangle: length x width

length: 3.9

width: 2.7

3.9 x 2.7 = 10.53

Midpoint problem. Given two endpoints P1 (8, -4) and P2 (-3, 9), find the midpoint. Enter just the x-coordinate in this problem.

Answers

Given parameters:

 The coordinates are:

                 P1 (8, -4) and P2 (-3, 9)

Unknown:

The midpoint of the endpoints = ?

Solution:

     x₁  =  8

     y₁  = -4

     x₂  = -3

     y₂  = 9

  midpoints;     x[tex]_{m}[/tex] , y[tex]_{m}[/tex]  = [tex]\frac{x_{1} + x_{2} }{2} ,[/tex] [tex]\frac{y_{1} + y_{2} }{2}[/tex]

                                       = [tex]\frac{8 +(-3)}{2}[/tex] , [tex]\frac{-4 + 9}{2}[/tex]

                                       = [tex]\frac{5}{2}[/tex] , [tex]\frac{5}{2}[/tex]

   The coordinate of the x-axis is [tex]\frac{5}{2}[/tex]

what is the area of y°

Answers

Answer: Below

Step-by-step explanation:

First, we start with x. We see the x is opposite of 30, so x is 30.

x + y + y = 180, since they lay on a straight angle.

180 - 30 = 150

since we still have 2 y's left:

2y = 150

y = 75

Five friends ordered pizza for dinner. The pizza cost $30.There was also tax of $5.75. How much would each person pay if they split the total cost equally?

Answers

Answer:

They would each pay $7.15

$30+$5.75=$35.75
$35.75 divided by 5=$7.15

So each person has to pay $7.15

Find the Area of the trapezoids

Answers

Hey there!

A = ½ (a + b) h,

a =8b = 16h =14

⇒ A = ½(8+16)14

⇒ A = ½(24)14

⇒ A = (12)(14)

⇒ A = 168

Therefore, Area of trapezoid is 168 sq. un

Check the picture below.

[tex]\textit{area of a trapezoid}\\\\ A=\cfrac{h(a+b)}{2}~~ \begin{cases} h=height\\ a,b=\stackrel{parallel~sides}{bases}\\[-0.5em] \hrulefill\\ h=14\\ a=16\\ b=8 \end{cases}\implies \begin{array}{llll} A=\cfrac{14(16+8)}{2}\implies A=\cfrac{14(24)}{2} \\\\\\ A=7(24)\implies A=168 \end{array}[/tex]

PLS HELP ASAP THANKS ILL GIVE BRAINLKEST PLS THANKS PLS

Answers

The answer should be (6,-1)

Explanation:

Focus on point A since it's asking for that. Then, shift it down vertically -8.

This means you are shifting A down 8 units.

Then they ask for a reflection across the y-axis. The y-axis is the vertical line in the middle, so to do this transformation, just change the x-value of where A is to the opposite.

Which number line shows the solution to the inequality
-3x - 5 < -2?

Answers

Answer:

x

Step-by-step explanation:

-3x-5<-2-3x<-2+5 -3x<3 divide by -3 both sidex<-1 answer.

A tennis racket and a tennis ball cost $2.10. The tennis racket costs two dollars more than the tennis ball.

How much does the tennis ball cost?

Sn: I think it’s .10 but I wanna double check.

Answers

Answer:

4 dollars

Step-by-step explanation:

Answer:

4.10$

Step-by-step explanation:

Belvedere has a swimming pool that needs to be drained. His pool holds 10,567.2 gallons of water and will need to drain completely in 11.8 hours. What is the change in the water level per hour for Belvedere's swimming pool? Round your answer to the nearest hundredth TIE

Answers

Answer:

895.53 gallons per hour

Step-by-step explanation:

rate of change in water level (r) = totals gallons divided by number of hours to drain

r = 10567.2/11.8

r = 895.53 gallons per hour

help me rn pleasee i dont understand

Answers

Answer:

Step-by-step explanation:

if 1l = 100cl

1l×1/100cl×4=1l /400cl

Estimate the answer to:​

Answers

Answer:

a.  3.76b.  13,102.974

Step-by-step explanation:

a.  (1.7 + 4.2)²   =     34.81      =  3.76

         2.1³                9.261

b.  (672 - 134)²    = 289,444     =   13,102.94

          4.7²                 22.090

The number of students in each class is shown on the line plot.
Find the median number of students.

Answers

Answer:

Your answer is 24.

Step-by-step explanation:

The data set is 22,23,23,23,24,24,25,26,26,26,28

The median of this set is 24

The mean is 24.54

The mode is 23,26

The range is 6

Describe the term to term rule in this sequence:
10.8.6.4.2...

Answers

Answer:
The sequence from 10 to 8 is 2 from 8 to 6 is 2 so the term to term in this sequence is addition or multiply of 2

Suppose you send about 12 text messages a day, and your older sister sends more text messages than you do. Together, you send a total of about 26 messages per day. About how many text messages does she send a day? Write an equation and solve for the unknown value, show your work

Answers

Answer:

she sends 14 texts

Step-by-step explanation:

12 + x = 26

------------------          

-12         -12

 x      =  26 - 12

 x      =  14

Please help I will give brainliest.

Answers

(2,0) and (-1/2,0) is the correct answer

Answer: B. (2,0) and ([tex]-\frac{1}{2}[/tex], 0)

Step-by-step explanation: Try drawing a graph of it to see where the curve intersects the x-axis, or simplify it to [tex]x^2-3x-2=0[/tex], and solve for the x values.

Solve the quadratic equation in standard form: f(x)=3x^2-6x-4

Answers

Answer: Rewrite in vertex form and use this form to find the vertex

(

h

,

k

)

.

(

1

,

1

)

Rewrite in vertex form and use this form to find the vertex

(

h

,

k

)

.

(

1

,

1

)

Step-by-step explanation:

Given: a and b are first-quadrant angles, sin a = 5/13 , and cos b = 3/5 , evaluate cos(a + b).

16/65
33/65
56/65

Answers

Step-by-step explanation:

please mark me as brainlest

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