Lateefah and Eric Lewis have obtained a mortgage loan at a 5.5% annual interest rate for 25 years now. The homes selling price is $175,000 and they need a 20% down payment. The bank will allow them to finance the closing costs as part of the mortgage. What is the actual amount they financed with the mortgage?

$146,824

Step-by-step explanation:

The $175,000 house has a 20% down payment so the amount borrowed for the house is 80% of that amount:

175000 * 0.8 = $140,000

Then adding up all of the fixed amounts:

252 + 65 + 325 + 212 + 410 + 350 + 450 = $2,064

Then adding in the percent values:

2 + 0.3 + 1.1 = 3.4% of the mortgage

The mortgage amount is $140,000 so 3.4% of that is:

140000 * 0.034 = $4,760

Now add up the fixed fees and the percentage fees to the mortgage amount:

140000 + 2064 + 4760 = $146,824 is the amount financed.  Knowing the APR and the payment terms are not needed here.

square root

step-by-step explanation:

answer: integers are just whole numbers: positive, negative, and zero.

i = {-∞, -2, -1, 0, 1, 2, 3, ∞}

let x = 1st integer

let y = 2nd integer

x = 3y + 17   {equation 1}

xy = -24         {equation 2}

substitute 3y+17 in place of x n equation 2

and solve for y.

(3y+17)y = -24

3y2 + 17y = -24

3y2 + 17y + 24 = 0

from quadratic equation:

y = [-17±√(172-4(3)(24))]/(2(3))

y = (-17 ±√1)/6

y = (-17+1)/6   or     y = (-17-1)/6

y = -16/6           or     y = -18/6

y = -2 2/3         or   y = -3

since we are dealing with

y = -3

x = 3y+17 = -9+17 = 8

the integers are -3, 8

step-by-step explanation: