Aperson who filed bankruptcy in the past is able to get a 30-year mortgage loan at a rate that is 6% higher than what they could have received if they had not filed. the interest rate this person pays on a $150,000 loan is 11%, compounded monthly. assume the person could have received the lower interest rate on the loan and saved all of the difference in the payments for the first 10 years of the loan. if this person invested this total amount in an account paying simple interest at the rate of 2.5%, how much money would have accumulated in interest by the time the mortgage is paid off?
a. $37,395.18
b. $74,790.37
c. $623.25
d. $3,739.52

a. $37,395.18

Step-by-step explanation:

First you have to calculate the payments for the loan at the 11% rate

where: loan=total amount; i= interest rate in decimal; n=number of periods

=$17253.69

then you calculate the payments at 5% loan (11%-6%=5%)

=$9757.72

then you substract que payments for the firts 10 years and get:

(10*17253.69) - (10*9757.72)=$74790.36

and finally you apply simple interest of 2.5% for 20 years to that amount and get:

$74760.36*0.025*20=$37,395.18

(-5,-28)

i graphed to on desmos.

the correct answer is a) "catholic church".

the proposals that liberals in mexico made during 1855 were particularly focused on a person's individual rights, such as the freedom of speech, the freedom of conscience, freedom of assembly, and the right to possess weapons.

when the constitution was formally published 2 years later (1857). it also contained an article which permitted education free from any religious influence, the removal of the catholic church institutional privileges, and the sale of property belonging to the church. all of these provisions were clearly against the catholic church interests.