Patricia got a 5/25 balloon mortgage and her initial payments were $965. She

decided to refinance her balloon payment with a 30-year mortgage and her

new payments were $925. What is the total financed cost she paid for her

house?

$390,900

Step-by-step explanation:

Given:

Initial payment = $965

New rapayment = $925 when she decided to refinance her ballon payment with a 30 year mortgage

In this case, a 5/25 ballon mortgage simply means loan repayment for the first 5 years is at a fixed rate.

Which means the total amount she paid in the first five years was=

12 * 5 * $965 = $57,900

When she refinanced the payment with a 30 year mortgage, her total payment = $925 * 12 * 30years = $333,000

Total financed cost Patricia paid =

$57,900 + $333,000 = $390,900

2 and 1.

step-by-step explanation:

plug in each answer. 0 doesn't work, 1 does. so does 2. 4 doesn't:

0 = 1 is not true.

2 = 2 is true.

4 = 4 is true.

8 = 16 is not true.

hope this !

answer: 4 meters

step-by-step explanation: to you understand 2/3 better you can do 1 divided by 3 = . then multiply that by the 2 which is .66666666666666667 then you would do 6 x .66666666666666667 which is 4.      

hope this .