Alex is going to look for a new building to open a tire shop. He finds the following bank that will offer him three different loans for $350,000.00. Loan 1: Balloon Mortgage with a 25/7 at 6.75%
Loan 2: FRM at 7.25% for 30 years
Loan 3: 7/1 ARM at 4.99% with a 4/8 Cap for 20 years

What is the total paid back on each loan?

Loan 1:
Loan 2:
Loan 3:

(b) 240

step-by-step explanation:

first, we use the pythagorean formula using the given side lengths to find x. then we use x to find the side lengths. then we add the side lengths to find the perimeter.

pythagorean theorem formula:

a^2 + b^2 = c^2

(x - 20)^2 + (x - 40)^2 = x^2

x^2 - 40x + 400 + x^2 - 80x + 1600 = x^2

x^2 -120x + 2000 = 0

(x - 100)(x - 20) = 0

x - 100 = 0 or x - 20 = 0

x = 100 or x = 20

we see that the solution x = 20 must be discarded because it will give a negative side length and a side length of 0. the only valid solution is x = 100.

perimeter = sum of the lengths of the sides

perimeter = x + x - 20 + x - 40

perimeter = 3x - 60

replace x with 100.

perimeter = 3(100) - 60

perimeter = 300 - 60

perimeter = 240

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step-by-step explanation: