Mathematics, 24.05.2021 21:50 savannahvargas512
Brooke bought a condominium for $413,600. She made a 9% down payment and financed the remaining amount using a 25-year fixed-rate mortgage at 5.2%. The monthly payment is $2,244. Brooke will pay for one discount point, a 0.75% origination fee, the brokerage fee, state documentary taxes on the deed and the mortgage, and the intangible tax.
Discount points equal 1% of the mortgage amount.
Documentary stamp tax on deed is $0.70 per $100 or portion thereof.
Documentary stamp tax on mortgage is $0.35 per $100 or portion thereof.
Mortgage broker fee is $175 plus 5% of the mortgage amount.
Intangible tax is 0.2% of the mortgage amount.
What is the total amount of the principal, interest, down payment, and fees described for Brooke's condominium?
a.$743,687.00
b.$807,569.73
c.$481,369.73
d.$740,969.73
Answers: 2
Another question on Mathematics
Mathematics, 21.06.2019 17:30
Colby and jaquan are growing bacteria in an experiment in a laboratory. colby starts with 50 bacteria in his culture and the number of bacteria doubles every 2 hours. jaquan starts with 80 of a different type of bacteria that doubles every 3 hours. let x equal number of days. colbys experiment follows the model: a.) y=50*2^x b.) y=50*2^8x c.) y=50*2^12x jaquans experiment follows the model: a.)80*2^x b.)80*2^8x c.)80*2^12x
Answers: 3
Mathematics, 21.06.2019 18:00
Agroup of students want to create a garden. they do not know the exact measurements but they propose using a variable to represent the length and width of the garden. the length of the garden is 10 feet longer than double the width. use a single variable to write algebraic expressions for both the length and width of the garden. write an algebraic expression for the area of the garden. use mathematical terms to describe this expression.
Answers: 3
Mathematics, 21.06.2019 20:10
The population of a small rural town in the year 2006 was 2,459. the population can be modeled by the function below, where f(x residents and t is the number of years elapsed since 2006. f(t) = 2,459(0.92)
Answers: 1
You know the right answer?
Brooke bought a condominium for $413,600. She made a 9% down payment and financed the remaining amou...
Questions
English, 13.11.2020 17:10
English, 13.11.2020 17:10
Physics, 13.11.2020 17:10
Mathematics, 13.11.2020 17:10
Social Studies, 13.11.2020 17:10
Social Studies, 13.11.2020 17:10
