Anabelle is purchasing a $105,000 home and her bank is offering her a 30- year mortgage at a 4.5% interest rate. In order to lower her monthly payment,
Anabelle will make a 20% down payment and will purchase 2 points. What will
her monthly mortgage payment be?
A $545.08
B. $423.14
C. $413.23
D. $428.98
SU

1. 3

2. 4

3. 1

hope this ! have a great day.

-wfz

answer: howdy

step-by-step explanation:

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.