Sam takes out a $167,000 mortgage for 20 years. He makes monthly payments and at the end calculates that he has paid $240,141 towards the mortgage. What is the approximate APR?

3%
4%
6%
7%

Answers

Answer 1

Answer:

About 3%

Step-by-step explanation:

3% of $167,000 is $5,010

5010 times the 20 years is 100200 add that to the 167000 and you get $267,200

The actual answer is about 2.4% but 3% is the closest.


Related Questions

ANY MATH EXPERTS PLS HELP RN I GOT 30 MIN LEFT I'll MARK BRAINLIEST TO WHO ANSWER'S FIRST

Answers

Answer:

y = -1/4x - 6

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Algebra I

Slope Formula: [tex]m=\frac{y_2-y_1}{x_2-x_1}[/tex]

Slope-Intercept Form: y = mx + b

m - slope b - y-intercept

Step-by-step explanation:

Step 1: Define

Find points from the graph.

Point (-4, -5)

y-intercept (0, -6)

Step 2: Find slope m

Substitute:                    [tex]m=\frac{-6+5}{0+4}[/tex]Add:                              [tex]m=\frac{-1}{4}[/tex]

Step 3: Write linear function

y = -1/4x - 6

Best Buy is having a sale and all of their iPad’s are 20% off. The regular price for an iPad is $450.

Part I:
How much money will you save buying the iPad on sale?


Part II:
What is the final cost of the iPad when it is on sale?

Answers

part 1. is 90 dollars
part 2. is 360 dollars
Part 1: You save 360 dollars 450 x .20 equals 90 450-90=360 dollars
Part 2: 90 dollars is the amount you pay

What’s the square root of 8 and 75 and 20 and 300 and 15

#not help asap

Answers

8: 2.82842712475
75: 8.66025403784
20: 4.472135955
300: 17.3205080757
15: 3.87298334621

Sophie bikes s miles per hour. Her friend, Rana, is slower. Rana bikes r miles per hour.
c
Rana and Sophie went for a 20-mile bike ride today. Each girl biked at her usual speed. How long did Sophie wait for Rana at the end of the route?

Answers

Answer:

C x 20 + R x 20

Step-by-step explanation:

C x 20 + R x 20 or

20c + 20r

Tyra has 1223 cups of sugar. If r is the amount of sugar called for in one batch of cookies,
the expression 1223 ÷ r can be used to find how many batches Tyra can make with the sugar she has.
If r is 23 cup, how many batches of cookies can Tyra make?
Enter your answer in the box.

Answers

Answer:

hold on almost got it

Step-by-step explanation:

Answer:

19

i dont need any code or stuff

i just wan to help    

de un numero se sabe que si a su cuadrado le restamos su mitad, se obtiene el mismo numero, Cuál es?

Answers

Answer:

2

Step-by-step explanation:

el 2 al cuadrado es 4 si le restas su mitad(2) tu resultado seria 2

Answer: 2

Step-by-step explanation : el 2 al cuadrado es 4 si le restas su mitad(2) tu resultado seria 2    Espero que ayude Ten un día maravilloso :)

A

B

C

Neither of them

Answers

None of them are correct.

Mr Chin bought 3.8 kg of candy, nearest to
100g. What is the least amount of candy in the
bag to nearest kilogram.

Answers

To do this you need to find the lower bound
The lower bound is the minimum amount that would round up to the estimated value

3.8kg, measured to the nearest 100g
The degree of accuracy is to the nearest 100g
100/2 = 50g (0.05kg)

Lower bound 3.8 - 0.05 = 3.75kg

Therefore the least amount of candy you could have in the bag is 3.75kg

I need help with this equation

Answers

Step-by-step explanation:

whats the equation lol

Answer:

What equation......

Step-by-step explanation:

IDG

What is the quotient of x and three increased by 12 = 20

Answers

Answer:

x= 24

Step-by-step explanation:

Quotient means divide, increased means add

x/3 + 12 =20

Subtract 12 from each side

x/3 +12-12 = 20-12

x/3=8

Multiply each side by 3

x/3 * 3 =8*3

x= 24

Answer:700 / n, the quotient of 700 and a number. 2w, two times a ... h - 3, three less than a number ... 20 + m, 20 more than a number. x - 12, a number decreased by 12.

Step-by-step explanation:

In the equation, 3b+4=7, what is the 4

Answers

Answer:

constant

Step-by-step explanation:

3 is the coefficient, b is the variable, 4 and 7 are the constants.

What is this equation in slope-intercept form, 5х – бу = -15?

Answers

Answer:

y = 5/6x + 5/2

Step-by-step explanation:

-3y + 12 = -8x


anyone know how to do this. I need it in y=mx+b and Ax+By=C
slope intercept form and standard form​

Answers

Change -3y + 12 = -8x to the form y = mx + b

Subtract 12 on both sides

-3y = -8x - 12

Divide by -3 on both sides

y = 8/3 + 4


Change original equation to Ax + By = C

-3y + 12 = -8x

Switch -8x and 12

-3y + 8x = -12




(ps, I haven’t done this kind of math in a long time )

- klhat percentage of 40 is 8?​

Answers

Step-by-step explanation:

8/40 x 100% = 20%

Topic: percentage

If you like to venture further, do check out my insta (learntionary) where I regularly post useful math tips! Thank you!

I need help with both of these

Answers

Answer:

12) 0.01 meter

13) B is the correct

Step-by-step explanation:

f(x) = − 1
2
x for x = –6

Answers

Here is the explanation

Answer:

Your an idiot and i oop hahahahah thats what u did on my question. YOUR AN IDIOT UR A IDIOT U SUCK.

Step-by-step explanation:

Explain how to use the distributive property to find an expression that is equivalent to 20 + 16​

Answers

Answer:

What you need to do is to find a multiple of 20 and 16 in other words a number that can multiply into 20 and 16. You have 2 and you have 4. So now this is how it looks like.

Either:

4(5+4) Or

2(10+8)

Step-by-step explanation:

8 increased by the sum of t and 3

Answers

8 + (3 + t) is the answer

Answer:

8+(t+3)

Step-by-step explanation:

the sum is when you add two numbers together. so you would add t with 3 and out it in parentheses so you make sure that happens first. then you add it to 8 since 8 is being increased by the sum.

The table shows the prices of some candy items at a store. Jake selected 1.6 pounds of Fruit Chews and 2.6 pounds of Jelly Beans. The sales tax for his purchase was $0.52. .Item. .Price Per Pound. .Fruit Chews. $4.70 .Jelly Beans. $2.35 .Chocolate. $3.50 .If Jake had $25 to spend at the candy store, how much money did Jake have left after his purchase?

Answers

Answer:

The amount of money Jake had left after his purchase is $10.85

Step-by-step explanation:

The amount of Fruit Chews Jake selected = 1.6 pounds

The amount of Jelly Beans Jake selected = 2.6 pounds

The sales tax = $0.52

The amount of money Jake had to spend = $25

The table of values are;

Price Per Pound     [tex]{}[/tex]                  

Fruit Chews = $4.70

Jelly Beans = $2.35

Chocolate = $3.50

The amount of money Jake had to spend $25

The total amount of the candies Jake bought = 1.6 × $4.70 + 2.6 × $2.35 = $13.63

The total amount Jake spent = The total amount of the candies Jake bought + The sales tax

The total amount Jake spent = $13.63 + $0.52 = $14.15

The amount of money Jake had left after his purchase = The amount of money Jake had to spend - The total amount Jake spent

The amount of money Jake had left after his purchase =  $25 - $14.15 = $10.85

The amount of money Jake had left after his purchase = $10.85.

please answer correctly
will mark brainlest 1hour to complete

Answers

Answer:

its (0, 0) because the line goes through thex and y intercept

Answer:

2, 0.15

Step-by-step explanation:

Simplify 7 +(-3). (1 point)

Answers

Answer:

4

Step-by-step explanation:

7-3=4

Answer:

7-3=4

Step-by-step explanation:

Im not quite sure if this is what you were asking for but here

What is the equation of the line with a y-intercept of -10 and a slope of 3?
A.y = -102 - 3
B.y=-10x +3
C.y= 3x - 10
D.y= 3a + 10

Answers

I am pretty sure it’s C

Answer:

c

Step-by-step explanation:

slope is 3 and y intercept is -10 so y=3-10

Subtract 5x^2+8x-11 from 3x^2+8x-7

Answers

Answer: -2x^2+4

Explanation: First you’d need to rewrite the equation as (3x^2+8x-7)-(5x^2+8x-11). Then since you are subtracting, distribute the negative to the right side which will then give you -5x^2-8x+11 since you flip the signs. Then simply combined like terms. -5x^2 + 3x^2 is -2x^2. Then 8x-8x is 0 and lastly, +11-7 is 4. So in order, all together, your answer is -2x^2+4.

solve for b and simplify -17=-3/2b

Answers

Answer:

b = 34/3

General Formulas and Concepts:

Pre-Alg

Order of Operations: BPEMDASEquality Properties

Step-by-step explanation:

Step 1: Define equation

-17 = -3/2b

Step 2: Solve for b

Rewrite:                                       -3/2b = -17Divide both sides by -3/2:          b = 34/3

Step 3: Check

Plug in b to verify it's a solution.

Substitute:                    -17 = -3/2(34/3)Multiply:                        -17 = -17

A pound of chocolate costs 8 dollars. Lamar buys p pounds. Write an equation to represent the total cost ċ that Lamar
pays.

Answers

Answer:

8p=c

Step-by-step explanation:

The number of pounds Lamar buys multiplied by the cost of a pound which is 8 equals c. 8p=c

A function f(x)is graphed on the coordinate plane.

What is the function rule in slope-intercept form?



Enter your answer in the box.

f(x)=

Answers

Answer:

[tex]f(x)=2x+1[/tex]

Step-by-step explanation:

At x=0, the y is at 1  

at x=1, y went up to 3

the change between 3 and 1 is 2 therefore the equation is

[tex]f(x)=2x+1[/tex]

I hope this helps you and good luck!

Henry can run 12 laps in 30 minutes. How long will it take him to run 16 laps.

Answers

Answer:

40 minutes

Step-by-step explanation:

30 minutes ÷ 12 laps = 2.5 minutes per lap

2.5 minutes per lap * 16 laps = 40 minutes

find the area of the figure. (sides meet at right angles.) 2m 2m 2m 2m 3m 7m 7m 7m ​

Answers

The answer is 43 square meters

You guys are life savers but does anyone know the answers to these questions? I’m so confused rn

Answers

Answer:

The third choice

Step-by-step explanation:

We need to find the slope and y-intercept of the line and then put it into y = mx = b form. To find the slope, pick a point on the line; I will use (-2, 5); count how many units up you need to go to get to the next point on the line, which in this case it would be 3. The count how many to the right or left you would need to go, which is 1 to the left. Moving left means a negative, so it is -1. Your slope fraction would be [tex]\frac{3}{-1}[/tex] , since slope is rise over run. You can sub this fraction in for m in y = mx + b, which will give you a revised equation of y = -3x = b. To find the y intercept, or b, just find the point where the line crosses the y-axis, which is -1. So, the equation is now y = -3x - 1.The correct answer is third choice.

Please help me out!​

Answers

I don’t even know sorry I will try and help out next time
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