Mathematics, 31.07.2020 05:01 reneebrown017
Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% and is
considering refinancing. She can now get an 80/20 mortgage with 4.5% and
9.5% interest, respectively. Based only on this information, should she
refinance?
the ouse
A. No, she has too much equity built up
B. No, the two blended interest rates ar nes ne.
O o
Teri an the old blinded
C. Yes, the new blended interest rate is
interest rate.
D. No, the new blended interest rate is higher than the old interest
rate
Answers: 3
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Given the system of equations presented here: 2x + 4y = 14 4x + y = 20 which of the following actions creates an equivalent system such that, when combined with the other equation, one of the variables is eliminated? multiply the second equation by Γ’β4 to get Γ’β16x Γ’β 4y = Γ’β80 multiply the second equation by Γ’β1 to get Γ’β4x Γ’β y = Γ’β20 multiply the first equation by 2 to get 4x + 8y = 28 multiply the first equation by Γ’β1 to get Γ’β2x Γ’β 4y = Γ’β14
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Carol has had a $145,000 fixed-rate mortgage for 5 years at 6.25% and is
considering refinancing. S...
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