Answer:
The answer should be 37
Step-by-step explanation:
You can afford a $800 per month mortgage payment. You've found a 30 year loan at 7% interest.
a) How big of a loan can you afford?
$
b) How much total money will you pay the loan company?
c) How much of that money is interest?
a) You can afford a loan of approximately $96,927.88.
b) You will pay a total of $288,000 to the loan company.
c) Approximately $191,072.12 of that money is interest.
To determine how big of a loan you can afford, we can use the formula for the monthly mortgage payment:
M = P * (r(1+r)^n) / ((1+r)^n - 1)
Where M is the monthly mortgage payment, P is the loan principal, r is the monthly interest rate (annual interest rate divided by 12), and n is the total number of payments (number of years multiplied by 12).
a) First, we need to calculate the monthly interest rate and the total number of payments:
Monthly interest rate = 7% / 12 = 0.07 / 12 = 0.00583
Total number of payments = 30 years * 12 months/year = 360
Now we can plug in the values into the formula:
800 = P * (0.00583 * (1+0.00583)^360) / ((1+0.00583)^360 - 1)
To solve for P, we can rearrange the equation:
P = 800 * ((1+0.00583)^360 - 1) / (0.00583 * (1+0.00583)^360)
Using a calculator, we find that P is approximately $96,927.88.
b) To calculate the total money paid to the loan company, we multiply the monthly payment by the total number of payments:
Total money paid = $800 * 360 = $288,000
c) To determine how much of that money is interest, we subtract the loan principal from the total money paid:
Interest = Total money paid - Loan principal
Interest = $288,000 - $96,927.88
Interest = $191,072.12
For more such questions on interest visit:
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can someone please help me with this one?
Answer:
12=0.5d-g or g=0.5d-12
Step-by-step explanation:
12 gallons
1/2 gallon a day
g gas
d days
g=0.5(5)-12
2.5-12
9.5 gallons after 5 days
What is the distance between the points (0,0) and (6,8)?
3/4 ft= blank inches
Solve for y pls help 10 points
Answer:
y = C/8 + 2
Step-by-step explanation:
C = 8(y - 2)
C = 8y - 16
8y = C + 16
y = C/8 + 2
e) Let f(x) = -2x + 5. Find and simplify the expression for the difference quotient,
F(x+h-f(x)/h
Someone please help fast
Answer: C. ($720)
Step-by-step explanation: 4% of 3,000 is 120. multiply that my 6 years and you get 720
Please help I need to pass this
Answer:
153 units²
Step-by-step explanation:
Area of a Parallelogram: L x W (same as a rectangle)
L x W = A
17 x 9 = A
A = 153
Helppppp pleaseeeee
Answer:
-1
Step-by-step explanation:
Which expression is equivalent to 12m(2n + 6p - 10)?
Answer:
24mn + 72mp - 120m
Step-by-step explanation:
Multiplying as indicated, we get 24mn + 72mp - 120m
Answer:
[tex]24mn + 72mp - 120m[/tex]
Step-by-step explanation:
[tex]12m(2n + 6p - 10)[/tex]
[tex]12m(2n)12m(6p)12m(-10)[/tex]
[tex]12 \times 2mn + 12 \times 6mp - 120m[/tex]
[tex]24mn + 72mp - 120m[/tex]
Hope it is helpful....solve for x. please please i need help help me please
Find the area.I will mark the BRAINIEST
Answer: C. 64 ft
Step-by-step explanation:
Calculating Circumference
If you answer this question I will give your brainliest and thanks please help if you can! thanks
Answer:
a. first box: 75%
second box: 21
b. 7 (u have already wrote)
c. 21+7=28
Help me pleaseeeeeeee
Answer:
10
Step-by-step explanation:
The price of a 6-minute phone call is 1.80 what is the price of a 17-minute phone call
Answer:
$5.10
Step-by-step explanation:
Ratios:
[tex]\frac{6}{1.8} =\frac{17}{x} \\\\6x=30.6\\x=5.1[/tex]
Please help! If you do you will get 'Brainliest'
Answer:
B
Step-by-step explanation:
This is because 1/2 down from 1 1/2 is 1 then go 2 down on the number lone and you get 1 (B)
Answer:
your answer is D.
Step-by-step explanation:
if you go 2 numbers to the right you get 3 and now the half would go in between 3 which would make your answer 3 and one half.
Which scatterplot shows a linear association?
Answer:
C
Step-by-step explanation:
Pyramid ABCDE is a square pyramid. What is the lateral area of pyramid ABCDE? 2563√ in² 3843√ in² 5123√ in² 10243√ in² Pyramid A B C D E with vertex A and base B C D E. Angle A C B measures 60 degrees and D C equals 16 inches.
Answer:
2563 (square root)in^2
Step-by-step explanation:
i took the test
Terri is beginning a science experiment in his lab instructions called for 227 mg of potassium what is the difference between this amount and 1 gram
Answer:
773 mg
Step-by-step explanation:
1 gram = 1000 mg so the difference is:
1000 - 227
= 773 mg.
If the area of a triangle is 30 in.? and the base is 5 in., what is the height?
what is 47/50 as a percent
94%
47/50 × 100 = 47 ×2 = 94 %
Answer:
94%
Step-by-step explanation:
Basically you need to divide the numerator (47) by the denominator(50). Then after you do that you will find yourself with a decimal of 0.94. lastly multiply your decimal by 100 to get your final answer, which is 94%.
Please help.
Is algebra.
PLEASE HELP NO LINKS OR FILES.
I don't want links.
Answer:
A, C
Step-by-step explanation:
How do you find the value of x in the triangle?
To find the value of x in a triangle, you need to subtract the sum of the two angles from 180 degrees. Know that the sum of all the angles of a triangle will always equals 180 degrees. Then write down the difference of subtracting the sum of the two angles from 180 degrees and that would equal the value of x.
I hope this helped in some way, if it didn't, im so sorry.
will give brainliest hurry
Answer:
number 4 and 6
Step-by-step explanation:
x + 2x +17=25 I need the answer and need do you know how to check if it's right
Answer:
x=8/3
Step-by-step explanation:
x+2x+17=25
3x+17=25
3x=8
x=8/3
Answer:
X = [tex]\frac{8}{3\\}[/tex]
Step-by-step explanation:
Please help will give brainliest
Answer:
A)24 in^3
Step-by-step explanation:
Answer:
A
Step-by-step explanation:
2x2=4
4x6=24
Which choice is equivalent to the product below?
√2 x √8 x √4
A. 8 √2
B. 4 √2
C. 4
D. 8
Answer:
8
Step-by-step explanation:
FIRST CORRECT ANSWER GETS BRANLIEST PLEASE HELP!!!! PHOTO ABOVE
Answer:
Step-by-step explanation:
The Pythagorean theorem is that (for right triangles)
a^2+b^2=c
Meaning c is the side opposite the right angle
Hope this helps!
Jill had 2 apples. Addy gave Jill 5 more apples. How many apples does Jill have altogether? Mark, you brainlieest if correct!
Answer:
its 7 apples
Step-by-step explanation:
Brainliest pls
Answer:
its......wait somebody answered it already :(