Answer:
Step-by-step explanation:
A because it equals it
Explain how to draw a tree diagram of outcomes for this situation: Julie went to visit her aunt and uncle for the weekend. She took the following clothes: two pairs of slacks – one brown, one black; three sweaters – one tan, one red and one white; two shirts – one white and one gray.
Answer:
Step-by-step explanation:
julie would be at the base of the tree diagram
then an arrow will be coming from the root saying two pairs ( they are then branched into 1/2 brown and 1/2 black)
Another arrow will be coming from the root saying three pairs (they are then branched into 1/3 tan , 1/3 red , 1/3 white)
Another arrow will be coming from the root saying two shirts(1/2 white , 1/2 gray)
I hope this helps
Answer:
A tree diagram shows all possible outcomes of two or more events.
Each branch is a possible outcome and can be labelled with a probability.
Step 1: Draw lines (branches) to represent the first set of options (slacks). Write the outcomes on the ends of the branches (brown and black).
Step 2: Draw the next set of branches to represent the second set of options (sweaters). Write the outcomes on the ends of the branches (tan, red and white).
Step 3: Draw the final set of branches to represent the last set of options (shirts). Write the outcomes on the ends of the branches (white and gray).
We assume that the events in this scenario are independent so the probability of the first event happening has no impact on the probability of the second event or the third event happening. Therefore, the probabilities are:
P(brown slacks) = 1/2P(black slacks) = 1/2P(tan sweater) = 1/3P(red sweater) = 1/3P(white sweater) = 1/3P(white shirt) = 1/2P(gray shirt) = 1/2Write these on the branches.
Please help me understand this handwriting can some pls re write and label I DONT UNDERSTAND CURSIVE :(
Answer:
7:01
29%
Doyan of low
Shiman 1-R-1
Flous 1-1 Gambe 1-4-20
12 dual purpose
Martins 1-2-3 Flores 1-2, 1-3, 14
Gamba 2-1-5
Custand 1-4, 2-1
Conditions " humanitarian groups Salahiel 1-1-1, 1-1-2, 1-2-3 1-R-5, 2-L-2, 2-L-3, 2-14, 2-1-5, 2-RI
Flores 1-30
Munting 1-2-4
Gumbon 1-1-3 CDP 1-1-3
Status oppose ending 742 Montoya 1-1, 1-2, 1-3
federal courts challenge
Gamboa 1-R-2 Custom 1-7
CDP 1-L-36, 1-2-4
de Vogue 1-2-1, 2-1-5, 2-L-6
7 expulsions at boders
root causes textul Amer.
Cop 1-L-34, 1-1-2, 1-R-4
Border Report 1-2
CDP 1-R-2, 1-R-3 Montoya 1-8
Custarda 2-2
=
CLOSE
Hopes this helps :)
Is -7 rational Helppppppp
Answer:
Rational numbers are fractions composed of integers. An integer is a number with no fractional part. So 7/8 is a ratio of whole numbers, which makes it rational. Negative or positive does not matter.
Step-by-step explanation:
The area of a rectangle that has a length of 10 and a width of w.
Answer:
B
Step-by-step explanation:
To find the area, multiply length by width (lw, or l×w). If the length is 10, that just leaves the width, which is unknown. We can substitute 10 for l, which leaves us with 10w.
Find the probability that when a couple has six children, at least one of them is a boy. (Assume that boys and girls are equally likely.)
The probability of having a boy when a couple has six children is 63 / 64.
What is probability?The ratio of good outcomes to all possible outcomes of an event is known as probability. A lot of successful results for an experimental with 'n' results can be represented by the symbol x.
Given:
A couple has six children, n = 6
The wanted event, p = 1 / 2
Calculate the probability of having a boy given by the following formula,
\(P(X) = nC_x px (1-p)n-x\)
Here, \(X\) = number of boys,
So,
P(X >= x) = 1 - P(X = 0)
P (X) = 1 - 6C₀ × (1 / 2) 0 × (1/2) 6
P (X) = 63 / 64
Therefore, the probability of having a boy when a couple has six children is 63 / 64.
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a pen costs 32 cents and a pencil costs 25 cents. kwok buys x pens and y pencils. express each of the following statements as an inequality: a)kwok buys at least 4 pencils b)kwok buys more pens than pencils. c)kwok spends no more than 3.00 dollars
Answer:
(a) \(y \geq 4\)
(b) \(x >y\)
(c) \(32 x+25y = \$300\)
Step-by-step explanation:
We are given that a pen costs 32 cents and a pencil costs 25 cents. Kwok buys x pens and y pencils.
We have to express each of the following statements as an inequality.
(a) Kwok buys at least 4 pencils;
As it is given that the number of pencils bought by Kwok is y pencils and our statement states that Kwok buys at least 4 pencils.
So, the inequality that represents the above situation is given by;
\(y \geq 4\)
(b) Kwok buys more pens than pencils;
As it is given that the number of pens bought by Kwok is x pens and the number of pencils bought by Kwok is y pencils and our statement states that Kwok buys more pens than pencils.
So, the inequality that represents the above situation is given by;
\(x >y\)
(c) Kwok spends no more than 3.00 dollars;
As we know that a pen costs 32 cents and a pencil costs 25 cents.
Also, Expenditure = Price \(\times\) Quantity
So, the inequality that represents the above situation is given by;
\(0.32 x+0.25y = \$3\)
\(32 x+25y = \$300\)
What is the price of a $25 shirt after a 25% discount?
Answer:
$18.75
Step-by-step explanation:
Convert 25% to .25
Multiply 25 x .25
25 x .25 = 6.25
Subtract 6.25 from 25
25 - 6.25 = 18.75
Answer:
18.75
you take the percentage to a decimal 0.25 and x it by 25. which is 6.25. you then subtract the 6.26 from 25 and there's your answer
Three-year-old boys in the United States have a mean height of 38 inches and a standard deviation of 2 inches, and 10-year-old girls have a mean height of 54.5 inches and a standard deviation of 2.5 inches.
Mrs. Davis has two children: a 3-year-old boy 43 inches tall and a 10-year-old girl 57 inches tall.
Which of Mrs. Davis' children is more unusually tall for his
or her age and gender? Explain, showing any calculations you perform.
The 3-year-old boy is more unusually tall for his age and gender than the 10-year-old girl.
To solve this problemA z-score calculates how many standard deviations an observation is from the mean. An observation is said to be above the mean if the z-score is positive, while it is said to be below the mean if the z-score is negative.
For the 3-year-old boy, the z-score is:
z = (43 - 38) / 2 = 2.5
The z-score for the 10-year-old girl is:
z = (57 - 54.5) / 2.5 = 1
The 3-year-old boy has a higher z-score than the 10-year-old girl, indicating that he is more unusually tall for his age and gender. This is due to his height, which is higher than the average for his age group 38 inches .
Therefore, the 3-year-old boy is more unusually tall for his age and gender than the 10-year-old girl.
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Scott runs 3 km in 30 minutes and then rests for 15 minutes. He then runs 2 km in 15
minutes. What was Scott's average speed?
Answer:
5km/hr
Step-by-step explanation:
Given
Distance = 3km and 2km
Time = 30 mins, 15 mins, 15 mins
Required
Determine the average speed
To answer this, we need to determine the total distance.
Distance =3km + 2km = 5km
Then, we calculate the total time
Time = 30 mins + 15 mins + 15 mins = 1 hr
Next, we can now determine the average speed using:
Average Speed = Total Distance/Total Time
Average Speed = 5km/1 hr
Average Speed = 5km/hr
to ride a horse at the state fair costs 2$ per minute. Pablo buys a 16 minute ride. Next time her plans to ride 25% longer. How much will he pay?
Help please i will reward brainly
Answer:
40 dollars
Step-by-step explanation:
25% of 16 minutes is 4 mins. 16+4=20 mins.
so 20*2=40 dollars
The probability of rolling an even number with a six-sided, equally weighted die is:_______
a. 3/6.
b. 1/3.
c. 1/2.
d. 1/6.
Answer:
The option that are correct is option a and option c
Step-by-step explanation:
From the question we are told that
The sample space is n = 6 (i.e six sides)
The number of even numbers in the sample space is k = 3 (i.e 2,4, 6)
Generally the probability of rolling an even number with a six-sided, equally weighted die is mathematically represented as
\(P(E) = \frac{3}{6}\)
=> \(P(E) = \frac{1}{2}\)
Find AB if AC = 13.2And BC = 6.8
Find AB if AC = 13.2
And BC = 6.8
\(\begin{gathered} AC=13.2 \\ BC=6.8 \end{gathered}\)Step 1
isolate C in both equations
\(\begin{gathered} AC=13.2 \\ C=\frac{13.2}{A} \\ BC=6.8 \\ C=\frac{6.8}{B} \end{gathered}\)Step 2
\(undefined\)A solid is composed of squares and equilateral triangles. Its net is shown below: The area of each triangle is 16 square units. The surface area of the triangular prism is _____ square units. (Input whole number only)
Answer:
12 becayse u mulitigigivuvuu
The graph of the equation x + 3y = 6 intersects the y-axis at what the point?
Answer:
It intersects the y-axis at point (0, 2).
Step-by-step explanation:
x + 3y = 6
3y = -x + 6
y = -1/3x + 2
Answer:
4. (6,0)
Step-by-step explanation:
Plug the points into the equation.
6+3(0)=6
6+0=6
6=6
Point C ∈ AB and AB = 35 cm. The distance from C to A is 6 cm longer than the distance from C to B. Find AC and CB.
Answer:
AC = 20.5
BC = 14.5
Step-by-step explanation:
The distance from C to A is 6 cm longer than the distance from C to B. gives us the following equation
AC = BC +6
We know the distance of the two segments gives us the total segment
AB = AC + BC
The total segment is AB =35
Substituting into AB= 35 and AC = BC+6
AB = AC + BC
35 = (BC+6) + BC
Combing like terms
35 = 2 BC +6
Subtract 6 from each side
29 = 2 BC
Divide by 2
14.5 = BC
Now find AC
AC = BC+6
AC = 14.5+6 = 20.5
Answer:
TRUST Me
Step-by-step explanation:
AC=20.5
CB=14.5
:)
PLEASE HELP I NEED THIS TONIGHT
Based on given data,the solutions to the equation sin(x/2) = 2cos²x - 1 are: x = 2kπ ± 2arcsin(√[(1 ∓ √2)/2]) where k is an integer
Solving Trigonometric Equation: sin(x/2) = 2cos²x - 1.
We can use the double angle formula for sine to express sin(x/2) in terms of cosine:
sin(x/2) = ±√[(1 - cos x)/2]
where the sign of the square root depends on the quadrant in which x lies.
Substituting this expression for sin(x/2) into the given equation, we have:
±√[(1 - cos x)/2] = 2cos²x - 1
Squaring both sides and simplifying, we get:
(1 - cos x) = 4cos⁴x - 4cos²x + 1
Rearranging, we get:
4cos⁴x - 4cos²x - cos x = 0
Dividing both sides by cos x and substituting u = cos²x, we have:
4u² - 4u - 1 = 0
Using the quadratic formula, we get:
u = [4 ± √(16 + 16)]/8 = [1 ± √2]/2
Since u = cos²x, we have:
cos²x = [1 ± √2]/2
Taking the square root of both sides and using the identity
cos(x) = ±√(1 - sin²(x)), we get:
cos x = ±√[(1 ± √2)/2]
Substituting this back into the original equation, we get two possible solutions:
sin(x/2) = ±√[(1 - cos x)/2] = ±√[(1 ∓ √2)/2]
Therefore, the solutions to the equation are:
x = 2kπ ± 2arcsin(√[(1 ∓ √2)/2])
where k is an integer.
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Jamie needs to build a fence around his garden , as illustrated by polygon ABCDEF on the coordinate grid below.If each unit represents one yard, what is the total length of Jamie’s fence in yards ?
A.20 yards
B.23 yards
C.26 yards
D.45 yards
Answer:
C. 26 yards
Step-by-step explanation:
Total length of Jamie's fence = sum of all distances from one vertex of the polygon to another = AB + BC + CD + DE + EF + FA
Use the distance formula, \( d = \sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2} \), to find the distance between vertexes.
Distance between A(-5, 5) and B(0, 5)
Let,
\( A(-5, 5) = (x_1, y_1) \)
\( B(0, 5) = (x_2, y_2) \)
\( AB = \sqrt{(0 -(-5))^2 + (5 - 5)^2} \)
\( AB = \sqrt{(5)^2 + (0)^2} \)
\( AB = \sqrt{25 + 0} = \sqrt{25} \)
\( AB = 5 \)
Distance between B(0, 5) and C(4, 2)
Let,
\( B(0, 5) = (x_1, y_1) \)
\( C(4, 2) = (x_2, y_2) \)
\( BC = \sqrt{(4 - 0)^2 + (2 - 5)^2} \)
\( BC = \sqrt{(4)^2 + (-3)^2} \)
\( BC = \sqrt{16 + 9} = \sqrt{25} \)
\( BC = 5 \)
Distance between C(4, 2) and D(1, -2)
Let,
\( C(4, 2) = (x_1, y_1) \)
\( D(1, -2) = (x_2, y_2) \)
\( CD = \sqrt{(1 - 4)^2 + (-2 - 2)^2} \)
\( CD = \sqrt{(-3)^2 + (-4)^2} \)
\( CD = \sqrt{9 + 16} = \sqrt{25} \)
\( CD = 5 \)
Distance between D(1, -2) and E(-2, -2)
Let,
\( D(1, -2) = (x_1, y_1) \)
\( E(-2, -2) = (x_2, y_2) \)
\( DE = \sqrt{(-2 - 1)^2 + (-2 -(-2))^2} \)
\( DE = \sqrt{(-3)^2 + (0)^2} \)
\( DE = \sqrt{9 + 0} = \sqrt{9} \)
\( DE = 3 \)
Distance between E(-2, -2) and F(-5, 2)
Let,
\( E(-2, -2) = (x_1, y_1) \)
\( F(-5, 2) = (x_2, y_2) \)
\( EF = \sqrt{(-5 -(-2))^2 + (2 -(-2))^2} \)
\( EF = \sqrt{(-3)^2 + (4)^2} \)
\( EF = \sqrt{9 + 16} = \sqrt{25} \)
\( EF = 5 \)
Distance between A(-5, 5) and F(-5, 2)
Let,
\( A(-5, 5) = (x_1, y_1) \)
\( F(-5, 2) = (x_2, y_2) \)
\( FA = \sqrt{(-5 -(-5))^2 + (2 - 5)^2} \)
\( FA = \sqrt{(0)^2 + (-3)^2} \)
\( FA = \sqrt{0 + 9} = \sqrt{9} \)
\( FA = 3 \)
Total length of Jamie's fence in yards = 5 + 5 + 5 + 5 + 3 + 5 + 3 = 26 yards
The sum of three consecutive integers is -96. List the numbers from smallest to largest:
Answer:
31 + 32 + 33 = 96.
Step-by-step explanation:
I think you are meaning 96 not -96
How much would you have to deposit today to accumulate the SAME AMOUNT OF MONEY that $75 monthly payments at a rate of 3.5% compounding monthly for 10 years in an annuity would earn?
Answer:
7606.62
Step-by-step explanation:
Start by finding how much you will have through the annuity. The question isn't that clear, so i will just assume it's an annuity due.
\(p(\frac{(1+i)^n-1}{i})*(1+i)\\i=.035/12= .0029166667\\n=10*12=120\\p=75 (given)\\75\frac{(1+.0029166667)^{120}-1}{.0029166667}*(1+.0029166667)= 10788.814149\\\)
Now just equate this to a time 0 payment at the same rate
\(10788.814149=(1+.0029166667)^{120}*x\\x= 7606.6228603=7606.62\)
As a quick note, if you were supposed to assume that your annuity was an annuity immediate the answer would be 7584.50.
what is 20% of 60 in decimal example
Answer: 12
Step-by-step explanation: .2 * 60 = 12
Answer: 0.33333 (Rounded to fifth decimal place)
Step-by-step explanation:
Two more than 5 times a number,n, is greater than 3.
Answer:
5n + 2 > 3 (If you're writing the equation)
n > 1/5 (If you're solving for n.
Step-by-step explanation:
Answer: n > 1/5
Step-by-step explanation:
2 + 5n > 3
5n > 1
n > 1/5
Four pounds of almonds cost $30, 7 pounds of almonds cost $52.50, and
12 pounds of almonds cost $90. Which equation gives the total cost y of
x pounds of almonds?
Use implicit differentiation to find dy/dx and d^2y/dx^2.
Using implicit differentiation dy/dx = -(2x + y)/(x + 2y) and d2y/dx² = -2(x² - 3xy - y²)/(x + 2y)³.
Implicit differentiation is the process of differentiating an equation in which it is not easy or possible to express y explicitly in terms of x.
Given the equation x² + xy + y² = 5,
we can differentiate both sides with respect to x using the chain rule as follows:
2x + (x(dy/dx) + y) + 2y(dy/dx) = 0
Simplifying this equation yields:
(x + 2y)dy/dx = -(2x + y)
Hence, dy/dx = -(2x + y)/(x + 2y)
Next, we need to find d^2y/dx^2 by differentiating the expression for dy/dx obtained above with respect to x, using the quotient rule.
That is:
d/dx(dy/dx) = d/dx[-(2x + y)/(x + 2y)](x + 2y)d^2y/dx² - (2x + y)(d/dx(x + 2y))
= -(2x + y)(d/dx(x + 2y)) + (x + 2y)(d/dx(2x + y))
Simplifying this equation yields:
d2y/dx² = -2(x² - 3xy - y²)/(x + 2y)³
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Two boxes need to be wrapped in paper (with no overlap). Both boxes are in the shape of right rectangular prisms.
Box A measures 1.2 feet high, 0.6 feet long, and 1 foot wide. Box B measures 1.6 feet high, 0.5 feet long and 1.6 feet wide.
The wrapping paper costs $6.79 per 80 square feet.
What is the cost of wrapping both boxes?
Enter your answer in the box.
The cost of wrapping both boxes would be = $1.13
How to o calculate the area of rectangular prisms?Surface Area of a rectangular prism = 2 (lh +wh + lw )
For box A;where length = 0.6
width = 1
height =1.2
The surface area of Box A
= 2( 0.6×1.2+1×1.2+0.6×1)
= 2( 2.52)
= 5.04ft²
For box B ;where length = 0.5
width = 1.6
height =1.6
Area = 2(0.5×1.6+1.6×1.6+0.5×1.6)
= 2(4.16)
= 8.32ft²
The total area of the boxes = 5.04+8.32 = 13.36
But 6.79 = 80 ft²
X = 13.36ft²
make X the subject of formula;
X = 13.36×6.79/80
X = 90.7144/80
X= $1.13
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Notes Solve for Y, the solution cannot be negative. Please answer!
The solution to equation 1, 2, 3, 4, 5 and 6 are y = (-3/2) + 6, y = (-5/3) + 3, y = (-1/5)x + 9/5, y = (1/4)x + 3/2, y = (-7/3)x + 3 and y = 6x + 3 respectively.
How to solve for y in a linear equation?Given the linear equations in the question;
3x + 2y = 125x + 3y = 9x + 5y = 9-2x + 8y = 12-7x - 3y = -96x - y = -3To make y the subject of the formula, we need to isolate y on one side of the equation by moving all other terms to the other side.
1) 3x + 2y = 12
Subtract 3x from both sides:
3x - 3x + 2y = -3x + 12
2y = -3x + 12
Divide each term by 2
2y/2 = -3x/2 + 12/2
y = (-3/2) + 6
2) 5x + 3y = 9
Subtract 5x from both sides:
5x - 5x + 3y = -5x + 9
3y = -5x + 9
Divide each term by 3
3y/3 = -5x/3 + 9/3
y = (-5/3) + 3
3) x + 5y = 9
Subtract x from both sides:
x - x + 5y = -x + 9
5y = -x + 9
y = (-1/5)x + 9/5
4) -2x + 8y = 12
8y = 2x + 12
y = (2/8)x + 12/8
y = (1/4)x + 3/2
5) -7x - 3y = -9
-3y = 7x - 9
y = (-7/3)x + 3
6) 6x - y = -3
-y = -6x - 3
y = 6x + 3
Therefore, the formula in terms of x is: y = 6x + 3.
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i will give Brainiest if you are right
Answer:
what is the question?
Step-by-step explanation:
On a coordinate plane, a line goes through points (negative 4, 0) and (0, 4.5).
What is the x-intercept???
image is there
-4 is the x intercept.as in the values on the x-axis
Answer:
Im pretty sure it the first one
Step-by-step explanation:
How do you right 217,344 as a decimal RLY NEed HELP ASAP HURRY
Answer:
217 344/1000 or 217 43/125
Step-by-step explanation:
Find the missing dimension of the cylinder. Round your answer to the nearest whole number.
Volume = 10,000π in.3
h ≈
in.
r ≈
cm
The Height is 10 inch and radius is 10 inch.
What is Volume?Volume is the quantity of space a thing occupies, whereas capacity is a measure of the substance it can store, such as a solid, a liquid, or a gas. While capacity can be measured in virtually any other unit, such as litres, gallons, pounds, etc., volume is measured in cubic units.
Given:
Volume = 10,000π in³
Volume of b= π r² h
So, 10,000π= π r² h
10,000 = r² h
r² h = 10 x 10 x 10
r² h = 10² x 10
Now, comparing the values
r= 10 inch and h= 10 inch
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1. Suppose that 10 years ago you bought a home for $140,000, paying 10% as a down payment, and financing the rest at 8% interest for 30 years. How much money did you pay as your down payment? 2. How much money was your existing mortgage (loan) for? 3. What is your current monthly payment on your existing mortgage? Note: Carry at least 4 decimal places during calculations, but round your final answer to the nearest cent. 4. How much total interest will you pay over the life of the existing loan? 5. This year (10 years after you first took out the loan), you check your loan balance. Only part of your payments have been going to pay down the loan; the rest has been going towards interest. You see that you still have $110,533 left to pay on your loan. Your house is now valued at $180,000. 6. How much of the original loan have you paid off (i.e, how much have you reduced the loan balance by? 7. How much money have you paid to the loan company so far (over the last 10 years)? 8. How much interest have you paid so far (over the last 10 years)? 9. How much equity do you have in your home (equity is value minus remaining debt)? 10. Since interest rates have dropped, you consider refinancing your mortgage at a lower 6% rate. If you took out a new 30 year mortgage at 6% for your remaining loan balance, what would your new monthly payments be? 11. Notice that if you refinance, you are going to be making payments on your home for another 30 years. In addition to the 10 years you've already been paying, that is 40 years total. How much will you save each month because of the lower monthly payment? 12. How much total interest will you be paying (consider the interest you paid over the first 10 years of your original loan as well as interest on your refinanced loan)? 13. Now the non-computational question: Does it make sense to refinance?
Refinancing could be a good option as it would result in a significant reduction in the monthly payment and the total interest paid over the life of the loan.
We have,
The down payment was 10% of the home price, which is:
0.10 x $140,000.
= $14,000.
The existing mortgage was for the remaining amount, which is:
$140,000 - $14,000
= $126,000.
We can use the loan payment formula to find the monthly payment.
The formula is:
P = (A / D) x (r / 12)
Where P is the monthly payment, A is the loan amount, D is the discount factor (a number that depends on the loan term and interest rate), and r is the annual interest rate.
For a 30-year loan at 8%, the discount factor is 166.7916.
Plugging in the numbers, we get:
P = ($126,000 / 166.7916) x (0.08 / 12) = $964.92
So the current monthly payment is $964.92.
The total interest paid over the life of the loan can be calculated using the formula:
Total interest = (P x n) - A
Where n is the total number of payments (30 years x 12 months = 360) and A is the loan amount.
Plugging in the numbers, we get:
Total interest = ($964.92 x 360) - $126,000 = $245,771.20
So the total interest paid over the life of the loan is $245,771.20.
The amount of remaining loan balance is $110,533.
The amount of the original loan paid off is $126,000 - $110,533 = $15,467.
The total amount paid to the loan company so far is the sum of all monthly payments over the last 10 years, which is:
10 x 12 x $964.92 = $115,790.40.
The total interest paid so far is the total amount paid to the loan company minus the original loan amount, which is:
$115,790.40 - $126,000 = -$10,209.60.
Note that the negative value means that the loan company paid you instead of you paying them, which is not possible.
This is because we are not considering any extra payments made towards the loan, and we are assuming that all payments were made on time.
In reality, interest accrues daily, so there may be small differences between the calculated and actual values.
The equity in the home is the current value minus the remaining debt, which is:
$180,000 - $110,533
= $69,467.
The new monthly payment can be calculated using the same loan payment formula but with a 6% interest rate and the remaining loan balance of $110,533.
The discount factor for a 30-year loan at 6% is 178.5962. Plugging in the numbers, we get:
P = ($110,533 / 178.5962) x (0.06 / 12) = $704.31
So the new monthly payment would be $704.31.
The monthly savings would be the difference between the old and new monthly payments, which is $964.92 - $704.31 = $260.61.
To calculate the total interest paid with the new loan, we need to add the interest paid over the first 10 years of the original loan to the interest paid on the new loan.
The interest paid over the first 10 years is $10,209.60 (as calculated in part 8).
The interest paid on the new loan can be calculated using the same formula as before but with the new monthly payment and loan
Based on the calculations, it seems that refinancing could be a good option as it would result in a significant reduction in the monthly payment and the total interest paid over the life of the loan. However, it is important to consider other factors such as closing costs and fees associated with refinancing, as well as the potential impact on credit score and financial goals before making a decision.
It may be helpful to consult with a financial advisor or mortgage specialist to determine if refinancing is the best option for individual circumstances.
Thus,
Refinancing could be a good option as it would result in a significant reduction in the monthly payment and the total interest paid over the life of the loan.
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