subject
Mathematics, 01.01.2022 03:20 viper1325

A person who filed bankruptcy in the past is able to get a 25-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 $130,000 loan is 13%, compounded monthly. Assume this person could have received the lower interest rate on the loan and saved all of the difference on the payments for the first five years of the loan. If this person then invested this total amount in an account paying simple interest at the rate of 2%, how much money would have accumulated in interest by the time the mortgage is paid off? a. $547. 37 b. $32,842. 38 c. $13,196. 95 d. $17,179. 23 Please select the best answer from the choices provided. A B C D.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:30
Jordan rides his bike 6 7/15 miles every day to deliver newspapers and to go to and from school. if his ride to and from school is 4 3/10 miles, how many miles is the trip to deliver newspapers? 1 1/3 1 1/6 2 1/6 2 4/5
Answers: 1
question
Mathematics, 21.06.2019 16:30
Read the following two statements. then use the law of syllogism to draw a conclusion. if the tv is too loud, then it will give me a headache. if i have a headache, then i will have to rest.
Answers: 2
question
Mathematics, 21.06.2019 19:00
Use the quadratic formula to solve the equation. if necessary, round to the nearest hundredth. x^2 - 20 = x a. 5, 4 b. -5, -4 c. -5, 4 d. 5, -4
Answers: 2
question
Mathematics, 21.06.2019 21:30
The owner of the plant nursery where you were tells you to fill 350 ml bottles from a 30 l from a fertilizer
Answers: 1
You know the right answer?
A person who filed bankruptcy in the past is able to get a 25-year mortgage loan at a rate that is 6...
Questions
question
Mathematics, 11.04.2020 23:48
question
Business, 11.04.2020 23:49
Questions on the website: 13722367