THOR buys a home that costs $300,000. He down pays 15%. He borrows the rest at an APR of 3% fixed for 30 years, and closes on July 20 (there are 31 days in July). Answer the following six questions. Please number each answer. 1) What is the prepaid interest for the rest of July?

2) What is the monthly mortgage payment?

3) What is the first payment breakdown (principal and interest)?

For example... P = $1000, I = $800.

4) What is the total amount paid over 30 years?

5) What is the total interest paid after 30 years?

6) What is the property tax on this house that is worth $300,000? The property tax rate is 1.3%.

Hi I need you to follow me please

the answer is:

the correct option is the option b.

to calculate the surface area of the right cylinder, we need to use the following formula:

from the picture we know that:

so, substituting and calculting we have:

hence, we have that the correct option is the option b.

have a nice day!

yes, gavin is right.

step-by-step explanation:

gavin is correct. 

this problem is about converting 9% per year to how many percent per quarter. the rate is still the same. it only differed in the time period. so, through dimensional analysis,

9% per year  × (1 year / 4 quarters) = 2.25% per quarter

if he was asked to convert 9% per year to how many percent per quarter  compounded quarterly, then you will not simply divide by four. this is because compounding is not linear.

hope this , have a good day. c;