Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. In order to lower her monthly payment, Melissa will make a 20% down payment and will purchase 3 points. What will her monthly mortgage payment be?

A. $645.98

B. $650.46

C. $662.93

D. $606.69

Melissa monthly mortgage payment is $679 which is close to option C ( $662.93)

Step-by-step explanation:

The cost of the house = $160,000

Melissa will make 20% down payment which is equivalent to 0.2 of $160,000

= $32,000

The balance to be paid would be $160,000 -$32,000 = $128,000

Using the periodic interest rate formula which is expressed by the formula:

P = a/[{(1+r)^n]-1}/{r(1+r)^n}]

here;

P = the monthly payments.

a = the amount of the loan = $128,000

r = the annual rate.  = 4.9%/ 12  = 0.049/12 =0.004083

n = number of monthly payments. = 12 × 30 = 360

Thus;

P = 128,000/[{(1+0.004083)^360]-1}/{0.004083(1+0.004083)^360}]

P = 128,000 /[{(1.004083)^360]-1]/0.004083(1.004083)^360]]

P = 128,000 / [(4.336-1) / 0.004083( 4.336)]

P = 128,000 /[(3.336)/ 0.0177]

P = 128,000/188.47

P = $ 679

Melissa monthly mortgage payment is $679 which is close to option C ( $662.93)

i think it's ф or x=6,-6

step-by-step explanation:

-x^2=-36

x^2=-36

ф

or

if you mean by : -(x^2)=-36

it'll be: x^2=36

x=6,x=-6

hope it'll ! have a good day!

you for asking!

answer: since the question is talking about growth you have to use the growth formula which is inital amount (1 + growth)^time

step-by-step explanation:

the intial amount is 1200, the growth is 4.8, and the time is 7. plug those numbers into the equation, also i think you have to change 4.8 into a percent. but, i have forgotton how to do that. if this is a online class go on to the lesson.