Answer:
$6,447.60
Step-by-step explanation:
Since Jennifer's monthly payment was $303.73 and she paid this amount each month for 10 years, multiply the monthly payment by the number of months in 10 years, 120, to determine the total amount that she paid.
$303.73×120=$36,447.60
Now, subtract the stated amount of the loan from the total amount paid to find the amount of interest that was paid.
$36,447.60−$30,000=$6,447.60
Therefore, Jennifer paid $6,447.60 in interest through the duration of the loan.
Usha and Parker should not take another debt to their current situation because their debt to income ratio (DIR) has exceeded the Basic Qualified Mortgage DIR for the common benchmark. The qualified mortgage debt to income ratio is 43% and Usha and Parker debt to income ratio is 47.9%. Debt to income ratio is calculated by dividing total personal debt with net income.
Answer:
B) No Unique Solutions
Step-by-step explanation:
Given:
now we now the value of y = 2 so we will substitute in equation
Now, We have value of y=2 and value of Substituting in both the value in equation
which means that the equation has Infinite solutions.