Ben and Jane have been approved for a $220,000 loan, 30-year mortgage with an APR of 3.82%. What will be their total interest for the 30 years?

Answers

Answer 1
220,000 times 3.82 = 840400 divided by 30 equals 28,013
Answer 2

The total interest on the loan will be $457,412,82892.

What is a mathematical equation and expression?A mathematical expression is made up of terms (constants and variables) separated by mathematical operators.A mathematical equation is used to equate two expressions.

Given is that Ben and Jane have been approved for a $220,000 loan, 30 - year mortgage with an APR of 3.82%.

We can find the total interest on loan, using the formula -

I = {P(1 + APR/100)^t − P}

The principal amount of loan = $220,000

Compound APR = 3.82%

Time = 30 years

Using the formula, we get -

220,000[1 + 0.0382]^30−220,000

220000{[1 + 0.0382]^30 - 1}

$457,412,82892

Therefore, the total interest on the loan will be $457,412,82892.

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Related Questions

A radioactive substance with initial value of 800g decays according to the exponential model A= 800e^(kt). After 10 years, only 400g of the substance remains. Find the value of k. Round your answer to the nearest thousandth. ​NO LINKS!!!!

Answers

Answer:

k ≈ - 0.069

Step-by-step explanation:

Given

A = 800 [tex]e^{kt}[/tex]

Substitute A = 400 and t = 10 into the equation

400 = 800 [tex]e^{10k}[/tex] ( divide both sides by 800 )

0.5 = [tex]e^{10k}[/tex] ( take the ln of both sides )

ln [tex]e^{10k}[/tex] = ln0.5

10k lne = ln0.5 [ lne = 1 ]

10k = ln 0.5 ( divide both sides by 10 )

k = [tex]\frac{ln0.5}{10}[/tex] ≈ 0.069 ( to the nearest thousandth )

Answer:

Step-by-step explanation:

400 = 800 * e^(k*t)

What are the units of t? I'm taking it as years.

Divide by 800

400/800 = e^(k*10)

1/2 = e^(k*10)

ln(1/2) = ln(e)^(k*10)

ln(1/2) = k*10 * ln(e)

ln(e) = 1

-0.69314 = k*10

-0.069314 = k

Check

A = 800 e^(-0.069314*10)

A = 800 e^(-0.69314)

A = 800 * 0.50000359

A = 400.0028722

Which is close enough to 400

is 2 a solution to the equation 1/2 x 4 = 5 ?​

Answers

Answer:

yes it is good luck with your work

What is the greatest common factor of 12 and 20?
OA) 2
O B) 3
4
D) 6

Answers

Answer:

4

Step-by-step explanation:

You can divide both numbers by four and get an even answer

Answer:

4

Step-by-step explanation:

How many students scored below 80?

11
19
cannot be determined from the histogram
9

Answers

Answer:

11

Step-by-step explanation:

Find the surface area and volume of the figure. Round to the nearest tenth.

Answers

surface area = 374 cm^2 and volume 384 cm^3. I think . try to go ok calculator.net

Can someone help me with this part A: Members of a high school sports team are selling two popular items for a fundraiser:
candy bars and bags of chips. They earn $0.75 for every candy bar they sell and $0.50 for every
Dag of chips. The members want to earn at least $100 from all sales. The members of the sport
team estimate that they won't be able to sell more than 200 units in total.
Part A: Select all the inequalities that model the constraints for this situation, where x
represent the number of candy bars sold and y represent the number of bags of chips.
A. x 20
B. y20
C. x +y s 100
D. x + y < 200
E. 0.75x + 0.50y
100
F. 0.50x + 0.75y > 100

Answers

An

Step-by-step explanation:

Cx+y s 100

Answer:

All the inequalities that model the constraints for this situation:

(d) x + y < 200 ;

(e) 0.75 x + 0.50 y ≥ 100

Step-by-step explanation:

What is inequality ?

A statement of an order relationshipgreater than, greater than or equal to, less than, or less than or equal to—between two numbers or algebraic expressions.

As, x represent the number of candy bars sold & y represent the number of bags of chips sold.

It is given that,

price for one candy bar =  $0.75

also, price for one dag of chips = $0.50

So, price for 'x' candy bar =  $0.75x

also, price for 'y' of chips = $0.50 y

Is is mentioned in question, the sale of candy bar and bag of chips shoud be atleast $100.  

the First ineqaulity be,

0.75 x + 0.50 y ≥100

(which should the sales of candy baar and dag of chips be equal to 100 dollar or greater than 100 dollar)

Now, the second situation

Again, it is mentioned in the question is number of units (candy bar and dag of chips)  should be not more than 200 units.

the second inequality be,

x+ y < 200

(which shows that number of candy bar and dag of chips should be less than 200 units.)

All the inequalities that model the constraints for this situation

(d) x + y < 200

(e) 0.75 x + 0.50 y ≥100

Learn more about inequalities here:

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Please help me. Photo provided

Answers

C is the answer to the question

I will go potty now thx​

Answers

ummmm tmi but ok... 0-0

Qu
Peter hired a cleaning company to clean his house. The cleaning company charges a
fixed fee of $15 plus $17 per hour to clean a house.
a. Write an equation that can be used to determine, c, the total amount in dollars that
the cleaning company charges to clean a house in h hours.

Answers

To find the total cost you need to multiply the hourly rate by the number of hours they work and add the fixed fee.

C = 17h + 15

Which phrase best describes the figure below?

Answers

Answer:

B.

Step-by-step explanation:

It only has one base and it's a pentagon. Therefore, it's a pentagonal pyramid.

I need this please help me

Answers

Answer:

C. Reflection over x- axis, down 6 right 3

Step-by-step explanation:

HELP ME PLEASEEEEEEEEEEEEEEEEEEE

Answers

Answer:

The second answer choice

Step-by-step explanation:

The pyramid shown is a triangular pyramid. A triangular pyramid consist of 4 faces; 1 triangular base and 3 triangular lateral faces.

Hence, the correct answer would be the second choice.

How do the angles and side lengths of the preimage relate to the corresponding angles and side lengths of the image of a dilation with a scale factor not equal to 1?

Answers

Answer:

The angles are proportional and the side lengths are proportional.

Step-by-step explanation:

Savaas Realize

A bank is offering 3.5% simple interest on a savings account. If you earned $525 in interest
in 2 years, how much did you deposit in the savings?
O $7,500
O $8,000
O $7.250
$7.000

Answers

Answer:

$7500

Step-by-step explanation:

Given

[tex]I = 525[/tex]

[tex]R = 3.5\%[/tex]

[tex]T =2[/tex]

Required

The Principal

This is calculated using:

[tex]I =PRT[/tex]

Make P the subject

[tex]P = \frac{I}{RT}[/tex]

So, we have:

[tex]P = \frac{525}{3.5\% * 2}[/tex]

[tex]P = \frac{525}{7.0\%}[/tex]

[tex]P = 7500[/tex]

Find the distance of the two given points (1,5) and (4,10)

Answers

Answer:

5.831

Step-by-step explanation:

Distance between both given points=Lenght=5.831

A bag contains eight white marbles, six red marbles and four blue marbles.
How many blue marbles must be added to the bag so that the probability
of choosing a blue marble is 1/2?
a. 6
b. 5
c. 10
d. 0

Answers

Answer:

c) 10

Step-by-step explanation:

you need to add the white and red marbles which would be 14.

then you subtract 14 by the amount of blue marbles.

Hey luvs!

The endpoints of AB are A(1,4) and B(5,-1). What are the coordinates of the point that divides AB in the ratio
2:3?

Answers

Answer:

I don't know I'm sorry.............

PLEASE HELP I DONT KNOW

Answers

Answer:

the answer is d circumference

HELP WITH THIS ASAP!

Answers

Answer:

Hi, there your answer will C. 85pi ft^2

Step-by-step explanation:

pi(5)(12)+pi(5)^2

60pi+25pi

85pi ft^2

Hope this helps :)

10x -5 = 15
O X = 10
X =-1
x = 2
O X= -2

Answers

Answer:

0

Step-by-step explanation:

Anything multiplied by 0 is 0. sorry if i did it wrong

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(algebra one)
describe and correct the error in comparing the graphs

Answers

I think it’s 3 units up instead of down but the equation is correct

Jovi distributed 3(n+2) and got 3 x n + 3 x 6 is his answer correct

Answers

Answer:

Step-by-step explanation:

since 3 is outside the parenthesis (n + 2) you multiply the 3 by the n and the 2 and

3n + 6

next subtract the 6 and add the 6 to the other side

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3n = 6

n = 2

Two fair 6-sided dice are rolled one at a time. Find the probability that
the first die lands on a value greater than 4 and the second die lands
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Answers

Answer:

Step-by-step explanation:

question in the image

Answers

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Answers

Answer:

11

Step-by-step explanation:

(20 + 1 + 14 + 14 + 9 + 8) / 6

= 66 / 6

= 11


write the percent of each figure
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Answers

Answer:

1. 21%   2.  70%

Step-by-step explanation:

1. 21 out of 100 are filled in

2. 7/10 are filled in

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Answers

Answer:9

Step-by-step explanation:

Answer:

I think it's either A or D

A countries population in 1993 was 253 million. In 1999 it was 237 million. Estimate the population in 2007 using the exponential growth formula. round your answer to the nearest million.
Note: When solving for k, round to four decimal places.

Answers

Answer:

240 million

Step-by-step explanation:

I took the application

2. Use the image to answer the questions.
(a) What is the center and the radius of the circle?
(b) What are the equations of the circle in graphing form and in general form? Show your work.

Answers

Answer:

Center = (-1, 1)

Radius = 3

Graphing form

(x + 1)² + (y - 1)² = 3²

General form

x² + y² + 2x - 2y - 7 = 0

Step-by-step explanation:

Center = (-1, 1)

Radius = 3

Graphing form

(x + 1)² + (y - 1)² = 3²

General form   \Expand graphing form\

(x² + 2x + 1) + (y² - 2y + 1) - 9 = 0

Rearrange

x² + y² + 2x - 2y - 7 = 0

Based on the stated expectations of the sit-and-reach test, which of the following is TRUE?
A.
Men are generally more flexible than women.
B.
Women are generally more flexible than men.
C.
Men and women are about equally flexible.
D.
No broad conclusions can be drawn about flexibility.

Answers

Answer:

B

Step-by-step explanation:

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