Jade and Jackson are considering a $210,000 mortgage for 30 years at 5.7%. With this information, their monthly payment would be $1218.84.

If they make only the minimum payment each month, what is the total payback of this loan?

How much of this total payback is interest?

Answers

Answer 1

Answer:

Jade and Jackson

The total payback of this loan = $438,782.72

The interest of this total payback is $228,782.72

Step-by-step explanation:

a) Data and Calculations:

Mortgage = $210,000

Interest rate of mortgage = 5.7%

Monthly payment = $1,218.84

Using an online calculator for Mortgage Payoff, the Original Payoff Schedule  is:

Monthly Pay = $1,218.84

Total Payments = $438,782.72

Total Interest = $228,782.72

Answer 2

Answer:

Step-by-step explanation:

1218.84⋅12⋅30=$438,782.40

The total interest paid is the total payback less the amount borrowed.

$438,782.40−$210,000=$228,782.40


Related Questions

What is the greatest common factor of 21, 35, and 49?

Answers

Answer:

GCF = 7

hope this helps

Answer:

:)

Step-by-step explanation:

21 = 3 • 7,  35 = 5 • 7, 49 = 72

go add the snap carmel.bratz

Krista drove 48 miles per hour for 8 hours. How far did krista drive

Answers

Answer:

She drove 384 miles, because 48 x 8 = 384! :)

Step-by-step explanation:

The distance driven by krista is 384 miles.

How to find the distance?

If the object is going linearly, and at constant speed, then the speed of that object is given by the distance it traveled to the time it took to travel that distance.

If the object traveled D distance in T units time, then that object's speed is

[tex]Speed = S = \dfrac{\: Distance \: traveled}{\: Time \: taken} = \dfrac{D}{T} \: \rm unit \: length/unit \: time[/tex]

Given;

       speed = 48 miles per hour

       time = 8 hours

Speed= distance/time

           distance= speed x time

                          = 48 x 8

                           = 384 miles

Krista drove 384 miles of distance in 8 hours.

Learn more about distance here;

https://brainly.com/question/7359669

#SPJ6

2 in every 7 students will need
glasses before they turn 15. If
there are 203 students in the
freshman class, how many will
need glasses before they turn 15?

Answers

58 kids!
2/7 x 203 is 58

What is the discriminant of the equation 3x^2-4=2x

Answers

Answer :

Given equation : 3x² - 4 = 2x

We have to find discriminant of the equation [tex].[/tex]

⭆ 3x² - 4 = 2x

⭆ 3x² - 2x - 4 = 0

By comparing this equation with ax²+bx+c, we get

a = 3b = -2c = -4

Discriminant (D) = b² - 4ac

⭆ D = (-2)² - 4(3)(-4)

⭆ D = 4 + 48

D = 52

Hope It Helps!

−6.5(n−5)=18.2 what is the value of n?

Answers

Answer: The value of n is 2.2

Step-by-step explanation:

solve by substitution
y = -21 – 4x
8x + 8y = -24

Answers

Answer:
x=-6
y=3

Explanation:
y=-4x-21
8x+8y=-24

y=-4x-21
8x+8(-4x-21)=-24

y=-4x-21
-24x-168=-24

y=-4x-21
x=-6

y=-4(-6)-21
x=-6

y=3
x=-6

(-6,3) this is in point form in case you need it

what is 385/6 as a proper fraction

Answers

Answer:233/6

Step-by-step explanation:

385/6=233

What is 65% written as a decimal?
A. 0.065
B. 0.65
C. 6.5
D. 65

Answers

Answer:

b.0.65

Step-by-step explanation:

i think it is I'm sorry if it's not

Answer:

b. 0.65

Step-by-step explanation:

Write a formula that will compute the final grade for the course, using G to represent the final grade, H to represent the homework average, Q to represent the quiz average, P to represent the project grade, T to represent the test average, and F to represent the final exam grade. Note: Keep in mind how you must write the percentages that show the weighting of each category when doing computations!

Answers

Answer:

To calculate final grade we use the formula:

Final grade = H( the weight of h) + Q( the weight of q) + P (the weight of project) +T (the weight of test) + F(the weight of final exams).

This formula help us to calculate the grade we need to get.

Step-by-step explanation:

Solution:

Suppose grade breakdown for certain college course is as follow:

Homework = 15%

Quizzes = 20%

Project = 10%

Test = 40%

Final exam= 15%

Let G represent the final grade

H represents homework average,

Q represents quizzes and P represent project, T represent test average and F represent final exam.

To calculate final grade we use the formula:

Final grade = H( the weight of h) + Q( the weight of q) + P (the weight of project) +T (the weight of test) + F(the weight of final exams).

This formula help us to calculate the grade we need to get.

Jake and Logan are partners in business. Jake makes $2in profit for $5 that Logan makes. if Logan makes $20 profit on the first item they sell, how much profit does jake make

Answers

Answer:

Jake will make 8$

Step-by-step explanation:

20/5=4

4x2=8

A soccer player practices kicking the ball into the goal from halfway down the soccer field. The time it takes for the ball to get to the goal from the time it is kicked averages about three seconds. The soccer field is 90 meters long. The player wants to know the average velocity of the ball.

Is there enough information to calculate this?


A: No, only average speed can be calculated from the distance of 90 meters and the time of three seconds.

B: No, only average speed can be calculated from the distance of 45 meters and the time of three seconds.

C: Yes, displacement is 45 meters, elapsed time is three seconds, and the direction is toward the goal.


D: Yes, displacement is 90 meters, elapsed time is three seconds, and the direction is toward the goal.

Answers

Answer: D

Step-by-step explanation:

the distance is 90m and the time is max 3 to goal so the answer is D

I need help on 14- 25

Answers

Answer:

14. 24    20. 9

15. 26    21.  -1

16. -4     22. 6

17. 2      23. 6

18. -7     24. 3x +5

19. 42    25. 9b^2 - 3b

Boleslaw: How many yards for 8 uniforms?

Answers

One uniform equals 12 yards, so multiply 8x12 and you get 96 yards.

a metal plate, with constant density 5 g/cm^2, has a shape bounded by the curbe y = x^2 and the x-axis, with 0<= x <= 3 and the x, y in cm

a) find the total mass of the plate
mass =

b) sketch the plate. using your sketch, is x less than or greater than 3/2?

c) find x
x =

Answers

Answer:

a) 45 g

b) greater (make the graph youself on desmos or something)

c) 9/4

Step-by-step explanation:

area = integral 0 to 3 of x^2 dx = [1/3x^3] 0 to 3 = 9

mass = density * area = 5 * 9 = 45 grams

area = y*deltax = x^2*deltax

x = integral 0 to 3 of 5x^3 dx / mass = (405/4) / 45 = 9/4

A thin human hair is about 1.7 x 1- to the power of -5 meter in diameter. write this measurement in standard notation.

Answers

Answer:

Nut

Step-by-step explanation:

nut

4. Julie saw 3 eagles each day she went bird-watching. How
many eagles did Julie see in 6 days?

Answers

9514 1404 393

Answer:

  18 eagles

Step-by-step explanation:

Assuming Julie went bird-watching on each of those 6 days, she saw a total of ...

  (3 eagles/day)(6 day) = 3·6 eagles = 18 eagles

write two proper fractions whose denominators are not the same, but whose least common denominator is 12 pls google won't help

Answers

Answer:

3/4 and 2/3....different denominators.....common denominator is 12

How to write Eight more than four times a number is -12 as an equation

Answers

Step-by-step explanation:

4x +8=-12 is the answer

Which of the following is expanded form of ( x-5)2

Answers

Answer:

2x -10

Step-by-step explanation:

(x-5)2=

use 2 to multiply the bracket (x-5)

that is 2x-10

2x-10 is the answer of you question is it good or what

A certain shade of pink us created by adding 3 cups of red paint to 7 cups of white paint

Answers

Answer:

A certain shade of pink us created by adding 3 cups of red paint to 7 cups of white paint

Step-by-step explanation:

Constant of proportionality is the constant value of the ratio of two proportional quantities x and y; usually written y = kx, where k is the factor of proportionality.

To make color pink,

for every 3 cups of red , we need 7 cups of white.

Let 'r' be the cups of red required

let 'w' be the cups of white required

so , as per the question

for 3 r we need = 7 w

r = 7/3 w

so, 7/3 is constant of proportionality

a faucet is leaking at a constant rate of 6/10 of a gallon of water in 3/4 of an hour. how much water leaks in 1 hour?

Answers

Answer:

0.8

Step-by-step explanation:

6/10=0.6

0.6/3=0.2

0.2*4=0.8

I hope it's correct

What is the slope of the trend line drawn into the scatterplot?
A. 15/163
B. 11/109
C. 109/11
D. 163/15

Answers

Answer:

C.) 109/11

Step-by-step explanation:

because I am on the exam right now

Please help me with this


Need help with both

Answers

Answer: (a) = b,  49/64

Step-by-step explanation:

You can use a calculator if you want :)

Answers

Answer:

A. -0.02

Step-by-step explanation:

-[tex]\frac{5}{25}[/tex]=-[tex]\frac{1}{5}[/tex]

1/5 is 20%

-1/5 is -20%

-.02% is greater because it's closer to zero

8 less than 5 times a number

Answers

Answer:

5x - 8

Step-by-step explanation:

Unable to solve completely.

Answer:

8< 5x

Step-by-step explanation:

We know that the 8 is less than 5 times a number, so we first put 8 <.

From here, we have the value 5 being multiplied by a number, that number can be any variable unless that specifically state which variable to use.

Hope this helps! :)

(Side Note: If you're talking about inequalities this should work, if not then I'm sure others will post different answers.)

What is the solution of 12(2z + 1) = 3(8z + 4)

Answers

Answer:

0

Step-by-step explanation:

24z + 12 = 24z + 12

0z = 0

0

Answer:

many solutions or infinite solutions

Step-by-step explanation:

12(2z + 1) = 3(8z + 4)

ok simplify it

24z + 12 = 24z + 12

there's many solutions no matter what you do you'll end out in this

What is the perimeter of the rectangle?
5 feet
6 feet
12 feet
X 36 feet​

Answers

It is 12 sense the perimeter is the outside of the square you have to add the 2 numbers by themselves because they are the same measurement and 5+5=10 1+1=2 10+2=12

Answer: I think the answer is b

Step-by-step explanation:

( 4.5 x 10 ⁴ ) ÷ (300) =

Answers

Answer:150

Step-by-step explanation:

Answer:

150

Step-by-step explanation:

How do I find the z score that separates the middle 37% of the distribution from the area in the tails of the standard normal distribution

Answers

Step-by-step explanation:

I hope this answer is Wright

Solve the inequality.

negative 2 times left parenthesis 6 plus s right parenthesis is greater than or equal to negative 15 minus 2 s

Answers

-2 ( 6 + s ) >_ -15 - 2s

We distribute the left side of the inequality.

-12 - 2s >_ -15 - 2s

Add 2s on both sides.

They cancel out, and we’re left with:

-12 >_ -15

This is surprisingly a true statement, so s = 0 in order for us to end up with this again.

Hopefully it’s right. Good luck!
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