Marsha is considering purchasing 3 points on a $350,000 home mortgage for 20 years. If she
purchases the 3 points, at a cost of 1 percent per point, her monthly mortgage would be
approximately $1,878.63. If she decides not to purchase any points, Mercedes' monthly
payment would be approximately $1,987.13. How much money will Mercedes save over the life
of the loan if she purchases the 3 points?

Answers

Answer 1

Marsha would save $26,040 over the life of the loan if she purchases the 3 points.

First, let's calculate the monthly payment if Marsha doesn't purchase any points. We can use a mortgage calculator or the PMT function in Excel to find;

PMT = $1,987.13

Now, let's calculate the monthly payment if Marsha purchases 3 points;

Loan amount = $350,000

Points cost = 3 points × 1% × $350,000 = $10,500

Effective loan amount = $350,000 - $10,500 = $339,500

Interest rate = 4.5% / 12 = 0.375%

Number of payments=20 years × 12 = 240

Using the PMT function, we get;

PMT = $1,878.63

So, by purchasing 3 points, Marsha can save;

$1,987.13 - $1,878.63 = $108.50 per month

Over the life of the loan, which is 20 years or 240 months, the total savings would be;

$108.50 × 240 = $26,040

Therefore, Marsha would save $26,040 amount of money.

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Related Questions

Explain why the net shown here cannot be the net of a cube

Explain why the net shown here cannot be the net of a cube

Answers

Answer:

there is an extra square missing

Step-by-step explanation:

a company had 80 employees whose salaries are summarized in the frequency distribution below. find the standard deviation.

Answers

The standard deviation of the salaries for the company's 80 employees is calculated to be X, where X represents the numerical value of the standard deviation.

The standard deviation measures the dispersion or variability of a set of data points. In order to calculate the standard deviation, we need to first find the mean (average) of the salaries. Then, for each salary, we calculate the difference between the salary and the mean, square that difference, and sum up all the squared differences. Next, we divide the sum by the total number of salaries (80 in this case) minus 1 to obtain the variance. Finally, the standard deviation is obtained by taking the square root of the variance. This accounts for the fact that the squared differences are in squared units, while the standard deviation should be in the original units (currency in this case).

By following this process, we can find the standard deviation of the salaries for the 80 employees in the company. This value represents the measure of variability or spread in the salary distribution, providing insights into how salaries deviate from the mean.

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Diane got a prepaid debit card with $20 on it. For her first purchase with the card, she bought some bulk ribbon at a craft store. The price of the ribbon was 22 cents per yard. If after that purchase there was $12.08 left on the card. how many yards of ribbon did Diane buy?​

Answers

Answer:

36 yards of ribbon

Step-by-step explanation:

Total area=
Help please thanks you

Total area=Help please thanks you

Answers

Answer: 94

Step-by-step explanation:

The area of each of the top and bottom face is \((4)(6)-(2)(2)=20\).

The area of each of the side faces is 12.

The area of each of the faces facing out is 6.

The area of each of the 3 'inner' faces is also 6.

Adding these together,

\(20(2)+12(2)+6(2)+6(3)=94\)

When is the explained varaition (i.e. regression sum of squares) equal to 0?

Answers

The explained variation, or regression sum of squares, is equal to 0 when there is no linear relationship between the independent and dependent variables in a given dataset.

In this case, the best-fit line would be a horizontal line, and the slope of the regression line would be 0. This indicates that changes in the independent variable do not have any impact on the dependent variable, resulting in an explained variation of 0.

To summarize, the explained variation (regression sum of squares) is equal to 0 when there is no linear relationship between the independent and dependent variables in the dataset.

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What is the sum of the arithmetic series 3 + 12 +21+...+597?

Answers

The sum of the arithmetic series is 20,100.

What is Arithmetic series?

The total of the terms in an arithmetic sequence with a predetermined number of terms is known as an arithmetic series. Here is a straightforward formula for calculating the sum: in Formula 1 If Sn denotes the sum of a term-filled arithmetic sequence, then The first and last term values, as well as the total number of terms, are necessary for this formula.

We can use the below formula to find the sum of arithmetic series,

\(s_n = \frac{n(a_1 + a_n)}{2}\)

In this example \(a_1 = 3, a_n = 597\)

First we have to find the value of n.

To find n, use the formula for an arithmetic sequence \(a_n = a_1 + (n-1)d\)

where d is the common difference between the terms (found by subtracting a previous term from a term).

In this example, d = 12 - 3  = 9.

To find n, plug \(a_n = 597, a_1 = 3, d = 9\) into \(a_n = a_1 + (n-1)d\)

\(597 = 3 + (n - 1)9\\597 = 3 + 9n - 9\\597 = 9n - 6\\603 = 9n\\n = 67\)

Now plug, \(n = 67, a_1 = 3, a_n = 597\) into \(s_n = \frac{n(a_1 + a_n)}{2}\)

\(S_n = \frac{67(3 + 597)}{2}\\ S_n = \frac{40200}{2} \\S_n = 20100\)

Therefore, the sum of the given arithmetic series is, 20100.

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Belinda walks 2 miles to the store and it takes her 20 minutes Question 5 options: 2 mile/minute. 1 mile/minute 40 miles/minute 40 minutes/mile.

Answers

The speed of the Belinda is 0.1 miles/minute.

The correct option is B.

Given

Belinda walks 2 miles to the store and it takes her 20 minutes.

What is the speed?

The speed is defined as the ratio of distance covered and time.

The following formula is used to calculate speed;

\(\rm Speed = \dfrac{Distance}{Tiame}\)

Substitute all the values in the formula;

\(\rm Speed = \dfrac{Distance}{Tiame}\\\\\rm Speed = \dfrac{2}{20}\\\\\rm Speed = 0.1\ \text{miles per minute}\)

Hence, the speed of the Belinda is 0.11 miles/minute.

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At age 45 when the deferred payments from his current contract ends, all-star shortstop Alex Rodriguez plans to have $230 million in savings from his baseball playing days. He wants two things from his savings: a 40-year ordinary annuity and $500 million at age 60 in order to purchase majority ownership in his native Miami's Florida Marlins. How large can his annual annuity payment be based on this information and assuming his savings can earn 8% annually after age 45 ? $6,069,727 $5,620,118 $6,906,832 $6,395,215

Answers

Therefore, the annual annuity payment can be approximately $6,069,727.

To calculate the size of the annual annuity payment, we can use the present value formula for an ordinary annuity. The formula is given by:

PMT = PV / [(1 - (1 + r)⁻ⁿ) / r]

Where:

PMT = Annual annuity payment

PV = Present value of the annuity

r = Annual interest rate

n = Number of periods

Given:

PV = $230 million

r = 8% = 0.08

n = 40 years

Using the formula, we can calculate the annual annuity payment:

PMT = 230,000,000 / [(1 - (1 + 0.08)⁻⁴⁰) / 0.08]

PMT ≈ $6,069,727

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How to write 12x + 8 as a product

Answers

The expression 12x + 8 can be Witten as product as 4(3x +2)

What is factorization?

In this question we have to write the value into the product.

Firstly, we have to write it as twelve 'x' plus eight. Then we have to check in which table both numbers in common.

The common between both is four hence we multiply the common values from the two into 'x'  in order to find the product of the equation.  

12x + 8

3*4= 12 and 4*2 = 8

Hence, we take 4 as common

We just take the common value and write numbers as product form like multiplication,

Therefore, the answer is 4(3x+2).

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How many 2/3 are in 4 use the tape diagram

Answers

that 3 divided by 2/3 = 4 1/3 because there are 4 groups of 2/3 and 1/3 left

violent storms generally form along ...warm fronts1 coldfronts2 occluded fronts3 stationary fronts4​

Answers

A weather front is a transition zone between two different air masses at the Earth's surface. Each air mass has unique temperature and humidity characteristics.

Complete the table.

starting elevation
(feet) change
(feet) final elevation
(feet)
A +200 75 up
B +200 75 down
C +200 200 down
D +200 +25
Write an addition equation and draw a number line diagram for B. Include the starting elevation, change, and final elevation in your diagram.

Complete the table. starting elevation(feet)change(feet)final elevation(feet)A+20075 up B+20075 down

Answers

Answer:

Step-by-step explanation:

Starting elevation of B = +200 feet

Change in elevation for B = 75 feet down

Final elevation of B = +200 - 75 = +125 feet

The addition equation for B can be written as:

Starting elevation + Change = Final elevation

+200 - 75 = +125

The number line diagram for B is as follows:

+------------------------+------------------------+------------------------+

A B C D

+200 +125 +225

<----- 75 ft ----->

(change in elevation)

Kenny and Dee Dee purchased 400 shares of Fly-By-Night stock 3 years ago. They initially paid $6,846
for the stock. Last week they sold the stock at $40. 25 per share. The brokers sales commission was
3. 2%

Answers

Answer: Im not sure

Step-by-step explanation:

don’t even pay attention to this

With what instrument could the predictive validity of a metric scale (a set of questions) best be determined?A. Cronbach's alphaB. A correlation-coefficient C. Fishers r-to-z test.D. With none of the above mentioned instruments

Answers

The best instrument to determine the predictive validity of a metric scale would be a correlation-coefficient.

This measure assesses the strength of the relationship between two variables, in this case, the metric scale scores and the predicted outcome. A high correlation would indicate that the metric scale is a good predictor of the outcome, whereas a low correlation would indicate that the metric scale is not a reliable predictor.

Cronbach's alpha is a measure of internal consistency and would not be appropriate for determining predictive validity. Fisher's r-to-z test is used to compare the strength of two correlations and is not necessary in this scenario. Therefore, the answer is B, a correlation-coefficient.

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Before running in a 100-m race, Gaalen's heart rate was
70 beats/min. Which do you think is more likely after the race:
60 beats/min or 120 beats/min? Explain.

Answers

Answer:

120 bpm

Step-by-step explanation:

after strenuous exercise your heart rate wouldn't decrease as your body needs more oxygenated blood causing your heart to pump harder and faster

Answer:

120 bpm just like the guy above

Step-by-step explanation:

I had the same question

Mrs hall is making a circular hard for our outdoor green space.the garden has a diameter of 11m.she has to buy plastic fencing to put around the edge. The fencing costs $5.75 per meter ($5.75/m).how much did mrs hall spend on the plastic fencing?

Answers

If Mrs hall is making a circular hard for our outdoor green space the garden has a diameter of 11m then Mrs. Hall spent $198.37 on the plastic fencing.

The circumference of a circle can be calculated as C = πd, where d is the diameter and π is approximately 3.14.

The diameter of the garden is 11m, so the circumference is:

C = πd

= 3.14 × 11m

= 34.54m

Mrs. Hall needs to buy enough plastic fencing to go around the edge of the circular garden, which has a length equal to the circumference of the circle.

The cost of the fencing is $5.75 per meter, so the total cost will be:

Total cost = cost per meter × length of fencing

= $5.75/m × 34.54m

= $198.37

Therefore, Mrs. Hall spent $198.37 on the plastic fencing.

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Which days of the week have an even number of letters​

Answers

So, four days of the week have an even number of letters. { Monday (6 letters), Tuesday (7 letters), Friday (6 letters), Sunday (6 letters)

An even number is one that can be divided by two and leaves a residue of zero. Even numbers include 2, 4, 6, 8, 10, and so on. Even numbers are ones that can be split into two equal parts, but odd numbers cannot be divided into two equal parts.  Odd numbers are those that cannot be equally divided by two.

It cannot be equally split into two different integers. An odd number will leave a leftover when divided by two. 1, 3, 5, 7, and other odd numbers are instances. The idea of odd numbers is identical to that of even numbers.

The days of the week with an even number of letters are:

Monday (6 letters)

Tuesday (7 letters)

Friday (6 letters)

Sunday (6 letters)

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through: (-4, -3) and (-3, -2)

Answers

Answer: x + 1

Hope this helps :)

Answer:

x+1

Step-by-step explanation:

I hope you have a merry christmas!

In Guided Practice 3.43 and 3.45, you found that if the parking lot is full, the probability there is a sporting event is 0.56 and the probability there is an academic event is 0.35. Using this information, compute P (no event | the lot is full).

Answers

The probability there is no event given the lot is full is 0.09.

To compute the probability of no event given the lot is full (P(no event | lot is full)), we will use the complementary rule, as the sum of probabilities for all events should equal 1.

The complementary rule states: P(A') = 1 - P(A), where A' is the complement of event A.

In this case, P(sporting event) = 0.56, and P(academic event) = 0.35.

First, we need to find the total probability of both events occurring when the lot is full: P(sporting event) + P(academic event) = 0.56 + 0.35 = 0.91.

Now we can apply the complementary rule to find the probability of no event given the lot is full: P(no event | lot is full) = 1 - P(events) = 1 - 0.91 = 0.09.

So, the probability there is no event given the lot is full is 0.09.

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A beam of light in air is incident upon a stack of four flat transparent materials with indices of refration 1.20,1.40, 1.32, 1.28. If the angle of incidence for the beam on the first of the four materials is 60 degrees, what angle does the beam make with the normal when it emerges into the air after passing through the entire stack?

Answers

When the beam of light emerges into the air after passing through the entire stack, it makes an angle of approximately 29.4° with the normal.

We need to apply Snell's Law, which states that the ratio of the sine of the angle of incidence to the sine of the angle of refraction is equal to the ratio of the indices of refraction for two different media.

Step 1: Calculate the angle of refraction in the first material using Snell's Law.
n1 * sin(i1) = n2 * sin(r1)
1 * sin(60°) = 1.20 * sin(r1)
sin(r1) = 0.5/1.20
r1 ≈ 25.4°

Step 2: Repeat the process for the remaining materials, using the previous angle of refraction as the new angle of incidence. Calculate the final angle of refraction in the last material.

For the second material:
1.20 * sin(25.4°) = 1.40 * sin(r2)
r2 ≈ 21.4°

For the third material:
1.40 * sin(21.4°) = 1.32 * sin(r3)
r3 ≈ 22.9°

For the fourth material:
1.32 * sin(22.9°) = 1.28 * sin(r4)
r4 ≈ 23.3°

Step 3: Calculate the angle of emergence in air.
1.28 * sin(23.3°) = 1 * sin(e)
e ≈ 29.4°

When the beam of light emerges into the air after passing through the entire stack, it makes an angle of approximately 29.4° with the normal.

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suppose that . for example, . for how many distinct integers does have exactly three distinct elements?

Answers

The *n will have exactly three distinct elements for 5 distinct integers .

In the question ,

it is given that ,

the set *n is =  {n - 2, n + 2, 2n, n/2} ,

we have to find that for how many distinct integers does *n will have exactly three distinct elements .

we know that *n will have exactly three  distinct elements if exactly 2 of the elements of {n - 2, n + 2, 2n, n/2} are same .

Solving the two equations one by one ,

we get ,

If n-2 = n+2 ;

n - n = 2 + 2

0 = 4 , So , No Solution .

if n - 2 = 2*n

2n - n = -2

So ,n = -2

if n - 2 = n/2 ,

2(n - 2) = n

2n - 4 = n

2n - n = 4

So , n = 4

If n+2 = 2n ,

2n - n = 2 , So , n = 2 .

if n + 2 = n/2 ,

then n = -4 .

If 2n = n/2 ,

then n = 0,

So , the integers are -4 , -2 , 0 , 2 , 4 .

Therefore , there will be 5 distinct integers .

The given question is incomplete , the complete question is

Suppose that *n = {n - 2, n + 2, 2n, n/2}. For example, *6 = {3,4,8,12}.  for how many distinct integers does *n have exactly three distinct elements ?

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2. What is the equation in point-slope form of the line tha passes through the point
(1, -1) and has a slope of 4?

Answers

X(sub1)= 1
Y(sub1)=-1
m=4

Since the slope is given use y-y(sub1)=m(x-x(sub1))

y-(-1)=4(x-(1))
y+1=4(x-1) in point-slope form
y+1=4x-4
Subtract 1 on both sides
y=4x-5 in slope-intercept form

Find the volume of radius 7 cm in diameter of 12 cm in 3.14

Answers

The volume of a sphere with a radius of 7 cm (or diameter of 12 cm) is 904.32 cubic centimeters.

To find the volume of a sphere with a radius of 7 cm, we can use the formula:

V = (4/3) * π * r^3

where V represents the volume and r represents the radius. However, you mentioned that the diameter of the sphere is 12 cm, so we need to adjust the radius accordingly.

The diameter of a sphere is twice the radius, so the radius of this sphere is 12 cm / 2 = 6 cm. Now we can calculate the volume using the formula:

V = (4/3) * π * (6 cm)^3

V = (4/3) * 3.14 * (6 cm)^3

V = (4/3) * 3.14 * 216 cm^3

V = 904.32 cm^3

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Please help ASAP will give BRAINLIEST if correct!

Please help ASAP will give BRAINLIEST if correct!

Answers

Answer:

Step-by-step explanation:

Compare like sides of the two triangles to write a proportion. See image.

Please help ASAP will give BRAINLIEST if correct!

Answer:

woooooooow ooooooooooooooooo

among all the computer chips produced by a certain factory, 8 percent are defective. a sample of 400 chips is selected for inspection. using the normal approximation to binomial distribution with continuity correction, find the probability that this sample contains between 20 and 40 defective chips (including 20 and 40)? round your answer to three decimal places.

Answers

The probability that the sample contains between 20 and 40 defective chips (including 20 and 40) is approximately 0.983.

To solve this problem, we need to use the normal approximation to the binomial distribution with continuity correction.

The mean of the binomial distribution is μ = np = (400)(0.08) = 32, and the standard deviation is σ = sqrt(n p q) = sqrt((400)(0.08)(0.92)) = 4.94.

Using the continuity correction, we can find the probability of between 20 and 40 defective chips in the sample as follows:

z1 = (20 - 0.5 - 32) / 4.94 = -2.94

z2 = (40 + 0.5 - 32) / 4.94 = 2.94

P(20 <= X <= 40) = P(-2.94 <= Z <= 2.94)

Using a standard normal table, we find that P(-2.94 <= Z <= 2.94) = 0.9834.

Therefore, the probability that the sample contains between 20 and 40 defective chips (including 20 and 40) is approximately 0.983. Rounded to three decimal places, the answer is 0.983.

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a random sample of 1024 12-ounce cans of fruit nectar is drawn from among all cans produced in a run. prior experience has shown that the distribution of the contents has a mean of 12 ounces and a standard deviation of 0.12 ounce. what is the probability that the mean contents of the 1024 sample cans is less than 11.994 ounces?

Answers

The probability that the mean contents of the 1024 sample cans is less than 11.994 ounces, is 0.055.

In the given question, a random sample of 1024 12-ounce cans of fruit nectar is drawn from among all cans produced in a run.

Prior experience has shown that the distribution of the contents has a mean of 12 ounces and a standard deviation of 0.12 ounce.

We have to find the probability that the mean contents of the 1024 sample cans is less than 11.994 ounces.

Given that,

Mean(μ) = 12

Standard Deviation(σ) = 0.12

n = 1024

So, μ = 12

σ/√n = 0.12/1024 = 0.00375

P( x<11.994) = P[(x-μ)/(σ/√n) < (11.994-12)/0.00375]

P( x<11.994) = P(z < -1.6)

(using z table)

P( x<11.994) = 0.055

Probability = 0.055

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PLEASE HELPP ME IT"s DUE TODAY!!!!!

Explain why |−3| + |9| represents the distance between the points (−3, −5) and (9, −5).

PLEASE HELPP ME IT"s DUE TODAY!!!!! Explain why |3| + |9| represents the distance between the points

Answers

Answer:

since -5 and -5 are the same number, they are on the same y axis so the only distance we need to calculate is between the X coordinates

so when looking for distance you can not have a negative what |-3|+|9| is looking for is the distance from 0 on the X axis since distance can't be negative, (you go 3 miles away from your house in one direction, vs 3 miles in the opposite both ways is positive, even with opposite directions same with axis, it doesnt matter which way, only the number.) you need the absolute value of -3 to get the distance from the 0 on the x axis

short version: distance is positive and its adding the distances from the x axis to get distance from each other

Step-by-step explanation:

Answer:

give the person above me brainlest

Step-by-step explanation:

Please help me I know it's A but I don't know why.​

Please help me I know it's A but I don't know why.

Answers

Answer:

Maybe try explaining that if you narrow it down and simplify the numbers by dividing them by 8 or somewhere around there.

A giant hummingbird can flap its wings at a rate of 13 flaps per second, how many times
will a giant hummingbird flap its wings in 1.00 mins? (Given 1 min = 60 s)

Answers

Answer:

780 flaps per second

Step-by-step explanation:

just multiply 13×60

find the general solution of the following equation. express the solution explicitly as a function of the independent variable.

Answers

The general solution of the given differential equation expressed explicitly as a function of the independent variable, is:

w(x) = (1/16) * \(((3x + 2)^2 + 4Cx - 4x^2)^2\)

To obtain the solution, we can rewrite the given differential equation by separating the variables and integrating. First, we can divide both sides by √w and rearrange the terms:

√w dw = (3x + 2)/\(x^2\) dx

Then, with regard to the relevant variables, we integrate both sides. The integral of √w with respect to w can be computed using the power rule, while the integral of (3x + 2)/\(x^{2}\) with respect to x can be found using partial fractions. After integrating and simplifying, we obtain the general solution as:

w(x) = (1/16) * \(((3x + 2)^2 + 4Cx - 4x^2)^2\)

Here, C is the arbitrary constant that can take any real value.

This general solution represents a family of functions that satisfy the given differential equation. By choosing different values for the constant C, we can obtain specific solutions corresponding to different initial conditions or constraints imposed on the problem.

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The complete question is:

Find the general solution of the following equation. Express the solution explicitly as a function of the independent variable.

\(x^2\)(dw/dx) = √(w)(3x+2)

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Although he's never done anything wrong to her, he finds that he no longer has an interest in being friends with her. It appears that the lack of ________ from Jeannie has ended Martin's willingness to be warm and pleasant toward her. temperature and light intensity are two factors that affect the rate of photosynthesis. which of these factors would you expect to have the greatest effect on the rate at which the calvin cycle proceeds, and why? Which best describes GDP Mcq? Find the square of [tex]7 - 2 \sqrt{ 10} [/tex] Please please help! Rita and Chris are making patterns out of tiles. The first 4 figures in each of their patterns is shown.Continuing these patterns, Is there a figure for which the number of tiles in Rita's figure will be the sameas the number of tiles in Chris's figure? If so, what is the figure number, and how many tiles will be in eachfigure? Complete the explanation.Rita's PatternChris's Pattern1y =Rita'sThe system of equations for Rita's and Chris's patterns isy =Chris's .This system ofequations has the solution (). The number of tiles in Rita's and Chris's figures(select) be equal, because the number of tiles cannot be (select) and the figure number cannotbe a (select) a) C.P. = Rs 120, profit = Rs 25 1. Education researchers conducted a study in order to estimate , the mean number of hours that high school students spent per week doing homework. Suppose a random sample of 121 high school students shows a mean weekly homework time of 6.8 hours and that from prior studies, the population standard deviation is assumed to be = 2.8 hours.A similar study conducted a year earlier estimated that , the mean number of hours that high school students spent per week doing homework, was 6 hours. We would like to test (at the usual significance level of 5%) whether the current study provides significant evidence that this mean has changed since the previous year.Using a 95% confidence interval of (6.3, 7.3), which of the following is an appropriate conclusion?A: The current study does provide significant evidence that the mean number of weekly hours has changed over the past year, since 6 falls outside the confidence interval.B: The current study does not provide significant evidence that the mean number of weekly hours has changed over the past year, since 6 falls outside the confidence interval.C: The current study does provide significant evidence that the mean number of weekly hours has changed over the past year, since 6 falls inside the confidence interval.D: The current study does not provide significant evidence that the mean number of weekly hours has changed over the past year, since 6 falls inside the confidence interval.E: You cannot draw a conclusion because the only way to reach a conclusion is to find the p-value of the test. 4. April took out a $600 loan from thebank. At the end of 5 years, she paysback the principal, plus $60 simpleinterest. What was the interest rate?7. Cora'sweighthevpercrou1 of 2Assessment, Form A What was one of the major reasons princes, kings, etc. Were willing to defy the pope and break away from the church?. I think that sexting affects your intellectually byI think this because...