HELP URGENT PLEASE! The Lees have purchased a new home for $360,000, and put a down payment of $50,000 on it. They have a mortgage for the balance, amortized over 20 years at 5.25%. If the Lees pay off the mortgage at the end of the 20 years, how much interest will they have paid in total? USE TVM SOLVER

Answers

Answer 1

Answer:

$191,340.80

Step-by-step explanation:

Step 1

We find the amount that is paid monthly by the Lee's

We are told in the question that:

Cost of the house =$360,000

Down payment = $50,000

We are also told, the balance left after the down payment was made = Mortgage that is amortized at an

Interest rate of 5.25%

Time = 20 years

Hence, Mortgage amount = $360,000 - $50,000 = $310,000

Formula for monthly payment =

M= P[r(1+r)^n/((1+r)^n)-1)]

M = the total monthly mortgage payment.

P = the principal loan amount.

r = your monthly interest rate.

= rate/12

=5.25%/12 = 0.0525/12

= 0.004375

n = number of payments

= number of years × number of months

= 20 × 12 = 240 payments

Formula for monthly payment =

M= P[r(1+r)^n/((1+r)^n)-1)]

M = 310,000[0.004375(1 + 0.004375)^240/((1 + 0.004375)^240 ) - 1]

M = $2,088.92

Therefore, the monthly payment by the Lee's is $2,088.92

Step 2

We calculate the Total Amount paid by the Lee's in 20years because we are told in the question that they paid off their mortgage after 20 years

Total Amount paid = Monthly payments × Number of payments

= $2,088.92 × 240

= $501,340.80

Step 3

The third and final step is to calculate the Total interest paid for 20 years

Total Interest = Total amount paid - Mortgage amount

= $501,340.80 - $310,000

Total Interest: $191,340.80

Therefore,the interest will they have paid in total is $191,340.80


Related Questions

ANY JESUS HELPERS PLEASE HELP The incorrect work of a student to solve an equation 2(y + 4) = 4y is shown below: Step 1: 2(y + 4) = 4y Step 2: 2y + 6 = 4y Step 3: 2y = 6 Step 4: y = 3 Which of the following explains how to correct Step 2 and shows the correct value of y? The equation should be y + 4 = 4y after division by 2; y = 5 The equation should be y + 4 = 4y after division by 2; y = 2 2 should be distributed as 2y + 8; y = 4 2 should be distributed as 2y + 8; y = 2

Answers

Answer:

2 should be distributed as 2y + 8; y = 4

Step-by-step explanation:

2(y + 4) = 4y

Distribute

2y + 8 = 4y

Step 2 is incorrect because the added instead of multiplied

Continuing on to correct the problem

Subtract 2y from each side

2y+8-2y = 4y-2y

8 = 2y

Divide by 2

8/2 = 2y/2

4 =y

Answer:

2 should be distributed as 2y + 8; y = 4

Step-by-step explanation:

Step 2 is wrong.

2(y + 4) = 4y

The step to solve is to expand brackets or distribute 2, not divide both sides by 2.

2y + 8 = 4y

Subtract both sides by 2y.

8 = 2y

Divide both sides by 2.

4 = y

Angle ABC is a straight angle. MAngleDBC = 130° and Ray B E bisects AngleABD. The center of line A C is point B. Two lines extend from point B. One line extends to the left and contains point E. Another line extends up and to the left and contains point D. What is mEBA? °

Answers

Answer:

25°

Step-by-step explanation:

Since ∠DBC = 130°, ∠DBC + ∠ABD = 180° (sum of angles on a straight line is 180°). Solving for ∠ABD:

∠DBC + ∠ABD = 180°

130 + ∠ABD  = 180°

∠ABD = 180° - 130°

∠ABD = 50°

∠ABD  is bisected by line BE, therefore ∠ABD = ∠EBA + ∠DBE (angle addition postulate).

The angle addition postulate states that if w is the interior of xyz then ∠XYZ = ∠XYW + ∠ZYW

Since E is the interior of ∠ABD, then:

∠ABD = ∠EBA + ∠DBE

But ∠EBA = ∠DBE

∠ABD = 2∠EBA

50 = 2∠EBA

∠EBA = 25°

Answer:

The answer is 25 degrees

Find the greatest number of children to whom 125 pens 175 pencil can be divided equally.

Answers

Answer:

25 children

So , each child will get 25 pens and 7 pencils

You have to find the highest common factor of 125 and 175 which is 25 and then you have to multiply it by those two numbers to find how may pens and pencils will be given to 1 child

Hope this helps and pls mark as brianliest :)

a sector with a radius of 12cm has an area of 60pi cm what is the central angle in radians​

Answers

Answer:

5/6π.

Step-by-step explanation:

The following data were obtained from the question:

Radius (r) = 12 cm

Area (A) = 60π cm²

Centre angle in radian (∅) =...?

Since we are to look for the centre angle in radian, the area of the sector will be given by:

A = ½r²∅

Inputting the values of the area, A and radius, r, the centre angle, ∅ can be obtained as follow:

A = ½r²∅

60π = ½ × 12² × ∅

60π = ½ × 144 × ∅

60π = 72 × ∅

Divide both side by 72

∅ = 60π/72

∅ = 5/6π

Therefore, the centre angle measured in radian is 5/6π.

y=8-2x. What is the value of y when x = 8?

Answers

The answer is y = -8
Because the math problem is y=8-2x8
You multiple 2x8 which equals 16
You are then left with y=8-16
And 8-16 = -8

Answer:

y = -8

Step-by-step explanation:

Start by filling 8 in place of x

y = 8 - 2(8)

Multiply -2(8)

y = 8 - 16

Subtract 16 from 8

y = -8

14
Select the correct answer
Which equation describes the line graphed above?
OA y = -41 - 5
OB. y = -x - 4
oc y = -51 - 4

Answers

Answer:

Option B

Step-by-step explanation:

Hope it is right

The value of equation describes the line graphed is,

⇒ y = -1/5x - 4

What is Equation of line?

The equation of line in point-slope form passing through the points

(x₁ , y₁) and (x₂, y₂) with slope m is defined as;

⇒ y - y₁ = m (x - x₁)

Where, m = (y₂ - y₁) / (x₂ - x₁)

Given that;

Two points on the line are (0, -4) and (5, -5).

Now,

Since, The equation of line passes through the points (0, -4) and (5, -5).

So, We need to find the slope of the line.

Hence, Slope of the line is,

m = (y₂ - y₁) / (x₂ - x₁)

m = (- 5 - (-4)) / (5 - 0)

m = - 1 / 5

Thus, The equation of line with slope - 1/5 is,

⇒ y - (-4) = -1/5 (x - 0)

⇒ y + 4 = -1/5x

⇒ y = -1/5x - 4

Therefore, The equation of line passes through the points (0, -4) and

(5, -5). will be;

⇒ y = -1/5x - 4

Learn more about the equation of line visit:

https://brainly.com/question/18831322

#SPJ7

Please answer this question now

Answers

Answer:

541.4 m²

Step-by-step Explanation:

Step 1: find m < V

V = 180 - (50+63) (sum of the angles in ∆)

V = 67

Step 2: find side length of XW using the law of sines

[tex] \frac{XW}{sin(V)} = \frac{XV}{sin(W)} [/tex]

Where,

V = 67°

W = 63°

XV = 37 m

XW

[tex] \frac{XW}{sin(67)} = \frac{37}{sin(63)} [/tex]

Multiply both sides by sin(67) to solve for XW

[tex] \frac{XW}{sin(67)}*sin(67) = \frac{37}{sin(63)}*sin(67) [/tex]

[tex] XW = \frac{37*sin(67)}{sin(63)} [/tex]

[tex] XW = 38.2 m [/tex] (to nearest tenth)

Step 3: find the area using the formula, ½*XW*XV*sin(X)

area = ½*38.2*37*sin(50)

Area = 541.4 m² (rounded to the nearest tenth.

Write an equation of the line that passes through the point (–4, 6) with slope –4.

Answers

Answer:

y = - 4x - 10

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Here m = - 4 , thus

y = - 4x + c ← is the partial equation

To find c substitute (- 4, 6) into the partial equation

6 = 16 + c ⇒ c = 6 - 16 = - 10

y = - 4x - 10 ← equation of line

Answer:

y = -4x+10

Step-by-step explanation:

Using the slope intercept form of a line

y = mx+b where m is the slope and b is the y intercept

y = -4x +b

Substituting the point in

6 = -4(-4) + b

6 = 16+b

Subtract 16 from each side

-10 =b

The equation is

y = -4x+10

Two different sizes of square metal duct are joined by a piece that is a frustum of a pyramid. Find the lateral surface area, if the small end is square with one side of length 17 in. and the larger square end is of length 19 in. on one side with a slant height of 2 in.

Answers

Answer:

288 in²

Step-by-step explanation:

The formula used to solve this question is :

Lateral Surface Area = s( P1 + P2)

Where s = slant height = 2 inches

P1 and P2 = Perimeter of the bases

Perimeter of base 1 = 4 × length of the end of the small square

4 × 17 inches = 68 inches

Perimeter of base 2 = 4 × length of the end of the large square

4 × 19 inches = 76 inches

Lateral Surface Area = 2 × (68 + 76)

= 2 × 144

= 288 in²

Campus rentals rent 2 and 3 bedroom apartments for 700$ and 900$ a month respectively. Last month they had six vacant apartments and reported $4600 in lost rent. How many of each type of apartment were vacant?

Answers

Answer:

2 - bedroom apartment = 4

3 - bedroom apartment = 2

Step-by-step explanation:

Given the following :

2 - bedroom apartment = $700 / month

3 - bedroom apartment = $900 / month

Last month:

Number of vacant apartment = 6

Amount of Lost rent = $4600

Let a = 2 - bedroom apartment and b = 3 - bedroom apartment

Vacant apartment :

a + b = 6 - - - (1)

Lost rent :

700a + 900b = 4600 - - - (2)

From (1),, a = 6 - b

Substitute a = 6 - b into (2)

700(6 - b) + 900b = 4600

4200 - 700b + 900b = 4600

4200 + 200b = 4600

200b = 4600 - 4200

200b = 400

b = 400/200

b = 2

From (1) ;

a + b = 6

a + 2 = 6

a = 6 - 2

a = 4

a = 2 - bedroom apartment = 4

b = 3 - bedroom apartment = 2

will mark brainliest!!!plz helppp

Answers

Answer:

(5,-6)

Step-by-step explanation:

ONE WAY:

If [tex]f(x)=x^2-6x+3[/tex], then [tex]f(x-2)=(x-2)^2-6(x-2)+3[/tex].

Let's simplify that.

Distribute with [tex]-6(x-2)[/tex]:

[tex]f(x-2)=(x-2)^2-6x+12+3[/tex]

Combine the end like terms [tex]12+3[/tex]:

[tex]f(x-2)=(x-2)^2-6x+15[/tex]

Use [tex](x-b)^2=x^2-2bx+b^2[/tex] identity for [tex](x-2)^2[/tex]:

[tex]f(x-2)=x^2-4x+4-6x+15[/tex]

Combine like terms [tex]-4x-6x[/tex] and [tex]4+15[/tex]:

[tex]f(x-2)=x^2-10x+19[/tex]

We are given [tex]g(x)=f(x-2)[/tex].

So we have that [tex]g(x)=x^2-10x+19[/tex].

The vertex happens at [tex]x=\frac{-b}{2a}[/tex].

Compare [tex]x^2-10x+19[/tex] to [tex]ax^2+bx+c[/tex] to determine [tex]a,b,\text{ and } c[/tex].

[tex]a=1[/tex]

[tex]b=-10[/tex]

[tex]c=19[/tex]

Let's plug it in.

[tex]\frac{-b}{2a}[/tex]

[tex]\frac{-(-10)}{2(1)}[/tex]

[tex]\frac{10}{2}[/tex]

[tex]5[/tex]

So the [tex]x-[/tex] coordinate is 5.

Let's find the corresponding [tex]y-[/tex] coordinate by evaluating our expression named [tex]g[/tex] at [tex]x=5[/tex]:

[tex]5^2-10(5)+19[/tex]

[tex]25-50+19[/tex]

[tex]-25+19[/tex]

[tex]-6[/tex]

So the ordered pair of the vertex is (5,-6).

ANOTHER WAY:

The vertex form of a quadratic is [tex]a(x-h)^2+k[/tex] where the vertex is [tex](h,k)[/tex].

Let's put [tex]f[/tex] into this form.

We are given [tex]f(x)=x^2-6x+3[/tex].

We will need to complete the square.

I like to use the identity [tex]x^2+kx+(\frac{k}{2})^2=(x+\frac{k}{2})^2[/tex].

So If you add something in, you will have to take it out (and vice versa).

[tex]x^2-6x+3[/tex]

[tex]x^2-6x+(\frac{6}{2})^2+3-(\frac{6}{2})^2[/tex]

[tex](x+\frac{-6}{2})^2+3-3^2[/tex]

[tex](x+-3)^2+3-9[/tex]

[tex](x-3)^2+-6[/tex]

So we have in vertex form [tex]f[/tex] is:

[tex]f(x)=(x-3)^2+-6[/tex].

The vertex is (3,-6).

So if we are dealing with the function [tex]g(x)=f(x-2)[/tex].

This means we are going to move the vertex of [tex]f[/tex] right 2 units to figure out the vertex of [tex]g[/tex] which puts us at (3+2,-6)=(5,-6).

The [tex]y-[/tex] coordinate was not effected here because we were only moving horizontally not up/down.

Which triangle’s area can be calculated using the trigonometric area formula?

Answers

Answer: Triangle LKM, HGJ,

Explanation:

In order for a triangle to be calculated by using trigonometric area formula that triangle must be given 2 sides and 1 angle (SAS)

Answer:

Triangle klm

Step-by-step explanation:

edg 2020

7. The radius of a cylinder whose curved surface area is 2640 2 and height 21 cm is _________. (a) 100 ° (b) 50° (c) 80° (d) 90°

Answers

Answer:

The answer is 21.25cm

Step-by-step explanation:

Hope i am marked as brainliest

which line segment could be a midsegment of ∆abc

Answers

Answer:

[tex]\overline{DF}[/tex] could be a midsegment of ∠ABC.

Step-by-step explanation:

A midsegment of a triangle must be two things:

1. Parallel to the 3rd side, in this case, [tex]\overline{AD}[/tex].

2. Half the length of the 3rd side, in this case, [tex]\overline{AD}[/tex].

Since we don't know the lengths, we can only go off of 1. There is only one line that is parallel to  [tex]\overline{AD}[/tex] and it is [tex]\overline{DF}[/tex].

Hope this helped!

Find f o g and g o f to determine if f and g are inverse functions. If they are not inverses, pick the function that would be the inverse with f(x). F(x) = -4x + 1; g(x) = (x+1)/4 Choices: a. G(x) has to be: (1-x)/4 b. Inverses c. G(x) has to be: 1/(4 - x) d. G(x) has to be: x/4

Answers

Answer:

G(x) = (1 - x)/4

is the inverse function required.

Step-by-step explanation:

Given F(x) = -4x + 1

Let y = F(x)

Then y = -4x + 1

=> y - 1 = -4x

4x = 1 - y

x = (1 - y)/4

That is, the inverse is (1 - x)/4

Therefore, G(x) has to be (1 - x)/4

What are the square roots of; (note: i think there are supposed to be 2 each) 36 12 1.96 0.64 400 25/36

Answers

Answer:

36 : 6 and -6

12 = [tex]2\sqrt{3} , -2\sqrt{3}[/tex]

1.96 =1.4 and -1.4

0.64 : 0.8 and -0.8

400 : 20 and -20

25/36 = 5/6 and -5/6

Step-by-step explanation:

we know that

(-x)^2 = x^2

ALSO

(x)^2 = x^2

thus, square of both negative and positive number is same positive number.

_________________________________________________

36 = 6*6

36 = -6*-6

hence

square roots of 36 is both -6 and 6

12 = 4*3 = [tex]2^2*\sqrt{3} *\sqrt{3}[/tex]

[tex]\sqrt{12} = 2\sqrt{3}[/tex]

also

12 = [tex]-2\sqrt{3} *-2\sqrt{3}[/tex]

[tex]\sqrt{12} = -2\sqrt{3}[/tex]

___________________________________

1.96 = 196/100 = (14/10)^2

1.96 = 196/100 = (-14/10)^2

hence

[tex]\sqrt{1.96} = 14/10 \ or -14/10[/tex]

_______________________________

0.64 = 64/100 = (8/10)^2 = 0.8^2

0.64 = 64/100 = (-8/10)^2 = (-0.8)^2

Thus, square root of  0.64 = 0.8 and -0.8

_________________________________

400 = 20^2

400 = (-20)^2

[tex]\sqrt{400} = 20\\\sqrt{400} = -20\\[/tex]

__________________________________

25/36 = (5/6)^2

25/36 = (-5/6)^2

[tex]\sqrt{ 25/36} = 5/6 \\\sqrt{ 25/36} = (-5/6[/tex]

Help please!!! Thanksss

Answers

Answer:

6:00 p.m.

hope this helps :)

6:00 is your answer!!

two regular polygons are such that the ratio of the measures of their interior angles is 4:3 and the ratio between their number of sides is 2:1 find the number of sides of each polygon

Answers

hey mate, here is ur answer in the attachment!

Sophia‘s favorite homemade cookie recipe requires one cup of chocolate chips for 10 servings if the number of cups required for multiple batches is proportional to the number of servings being made how many cups of chocolate chips will she need to make enough cookies for 30 servings

Answers

Answer:

3 cups

Step-by-step explanation:

We can use a proportion to find how many cups of chocolate chips she needs for 30 servings. Assuming c = cups of chocolate chips and b = batches

[tex]\frac{c}{b}[/tex]

[tex]\frac{1}{10} = \frac{c}{30}[/tex]

We can now multiply the diagonal values that don't include the missing variable (30 and 1) and then divide it by the value that is diagonal to the variable (10)

[tex]30 \cdot 1 = 30\\30 \div 10 = 3[/tex]

Therefore, she needs 3 cups of chocolate chips to make 30 servings.

Answer:

3 cups

Step-by-step explanation:

We can use ratios to solve

1 cup               x cups

---------------- = ----------------

10 servings     30 servings

Using cross products

1*30 = 10x

Divide by 10

30/10 = x

3 =x

3 cups

Given that Arccos (√3/2)=β, what are all the angle measurements for right triangle ABC?

Answers

Answer:

30°, 60° and 90°

Step-by-step explanation:

Given the expression Arccos (√3/2)=β, we can use the expression to calculate one of the acute angles in a right angled triangle.

Note that a right angled triangle is made up of two acute angles and a right angled (90°)

Let's get one of the acute angles first

If Arccos (√3/2)=β

β = cos^-1 √3/2

β = 30°

This shows that one of the acute angles is 30°

To get the third angle, we know that sum of angles in a triangle is 180° and since we already know two of the angles, i.e 90° and 30°, we can get the third angle.

90+30+x = 180

120+x = 180

x = 180-120

x = 60°

All the angle measurement for the right angled triangle are 30°, 60° and 90°

Solve the inequality.

9p+23<41

Answers

Answer:

p < 2

Step-by-step explanation:

9p + 23 < 41

p < 2

Answer:

p < 2

Step-by-step explanation:

9p + 23 < 41

9p < 18

p < 2

Graph [tex]y=\frac{2}{3} x[/tex] Which of the following statements are true?

Answers

Answer:

A,C,D

Step-by-step explanation:

When b=0, there is a proportional relationship.

The slope in y=mx+b is the value next to x.

Using RISE/RUN when there is a change of 3 units in x, there is a change of 2 units in y.

multiply c^2(c^2-10c+25)

Answers

Step-by-step explanation:

c^2( c^2-10c+25)

=c^4 - 10c^3 + 25c^2

There are 25 students in Mr. Jones’ art class. Mr. Jones is planning a project where each student needs 0.3 jar of paint. Exactly how much paint does Mr. Jones need for the art project?

Answers

Answer:

7.5 jars

Step-by-step explanation:

There are 25 students in the art class.

Mr Jones is planning that for the project, each of the 25 students will need 0.3 jar of paint.

The amount of paint Mr Jones needs for this project is therefore the product of the number of students in the class by the amount of paint each student needs.

That is:

25 * 0.3 = 7.5 jars of paint

Mr Jones needs 7.5 jars of paint for the art project.

Figure G is rotated 90Degrees clockwise about the origin and then reflected over the x-axis, forming figure H. On a coordinate plane, triangle G has points (negative 3, 1), (negative 1, 2), (negative 2, 5). Triangle H has points (2, negative 1), (1, negative 3), (5, negative 2). Which sequence of transformations will produce the same results?

Answers

Answer:

The 1st selection is appropriate.

_____

2nd: the rotation would need to be 90° CCW

3rd, 4th: rotation or double reflection will give the original orientation. This figure is reflected an odd number of times, so has its orientation reversed.

Hope it helps.. Mark brainliest

The sequence of transformations are reflection over the y-axis and then a rotation 90 clockwise about the origin.

What is rotation rule of 90°?

Here are the rotation rules: 90° clockwise rotation: (x, y) becomes (y, -x) 90° counterclockwise rotation: (x, y) becomes (-y, x) 180° clockwise and counterclockwise rotation: (x, y) becomes (-x,-y).

Given that, figure G is rotated 90° clockwise about the origin and then reflected over the x-axis, forming figure H.

Vertices of triangle G are (-3, 1), (-1, 2) and (-2, 5).

The reflection of point (x, y) across the y-axis is (-x, y).

On reflection over x-axis, we get coordinates as (3, 1), (1, 2) and (2, 5)

90° clockwise rotation: (x, y) becomes (y, -x)

On 90° clockwise rotation, we get coordinates as (1, -3), (2, -1) and (5, -2)

Triangle H has points (2, -1), (1, -3), (5, -2).

Hence, the sequence of transformations are reflection over the y-axis and then a rotation 90° clockwise about the origin.

Learn more about the rotation of 90° counterclockwise here:

brainly.com/question/1571997.

#SPJ6

graph itttt plssssss

Answers

━━━━━━━☆☆━━━━━━━

▹ Answer

You can use a graphing calculator. Attached is a picture of it graphed.

Hope this helps!

CloutAnswers ❁

Brainliest is greatly appreciated!

━━━━━━━☆☆━━━━━━━

Mark the absolute maximum point of the graph.

is the absolute maximum point (-3,5)?​

Answers

Yes, the absolute maximum is at (-3,5).

Check all that apply. If tan theta = 15/8 then:​

Answers

Answer:

B, C, D

Step-by-step explanation:

if tan theta = 15/8 then the hypotenuse is 17

therefore the correct answers are B, C, D

A right prism has a base in the shape of an octagon. The side length of the octagon is 4 inches. The length of the apothem is 4.83 inches. The height of the prism is 12 inches. What is the volume of the prism? Round your answer to the nearest whole number. cubic inches

Answers

Answer:

  927 cubic inches

Step-by-step explanation:

The area of the octagonal base is ...

  A = (1/2)Pa

where P is the perimeter, and 'a' is the apothem. Using the given numbers, the base area is ...

  A = (1/2)(8·4)(4.83) = 77.28 . . . square inches

The volume of the prism is given by ...

  V = Bh

where B represents the area of the base, and h is the height.

  V = (77.28 in^2)(12 in) = 927.36 in^3

The volume of the prism is about 927 cubic inches.

the answer on edg is 927

Find the value of x in the
following parallelogram:
2x - 10
2x + 50

Answers

Answer:

The value of x is 35

Step-by-step explanation:

In order to calculate the value of x in the  following parallelogram:  2x - 10  

2x + 50, we would have to calculate the following formula:

m<QPS+m<PQR=180°

According to the given data we have the following:

m<QPS=2x - 10  

m<PQR=2x + 50

Therefore, 2x - 10+2x + 50=180

4x+40=180

x=140/4

x=35

Other Questions
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