Will is buying a house for $185,000. He is financing $165,000 and obtained a 30-year, fixed-rate mortgage with a 6.725% interest rate. How much are his monthly payments? (2 points)

Answers

Answer 1
Answer:  $1067.45

=================================================

Work Shown:

L = 165000 = loan amount or amount financed

r = 0.06725  = annual interest rate in decimal form

i = r/12 = 0.06725/12 = 0.005604167

i = 0.005604167 = approximate monthly interest rate in decimal form

n = number of months = 30*12 = 360 months

P = unknown monthly payment

--------------

Apply the monthly payment formula

P = (L*i)/( 1-(1+i)^(-n) )

P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))

P = 1067.44636311118

P = 1067.45


Related Questions

In​ 2012, the population of a city was 5.69 million. The exponential growth rate was 2.87​% per year. ​a) Find the exponential growth function. ​b) Estimate the population of the city in 2018. ​c) When will the population of the city be ​8 million? ​d) Find the doubling time. ​a) The exponential growth function is ​P(t) nothing​, where t is in terms of the number of years since 2012 and​ P(t) is the population in millions. ​(Type exponential notation with positive exponents. Do not simplify. Use integers or decimals for any numbers in the​ equation.)

Answers

Answer:

a) The exponential growth function

P(t) = 5,690,000(1.0287)^t

b) 6,742,868.7374 million

c) 12.04 years

d) 2439.0243902

Step-by-step explanation:

In​ 2012, the population of a city was 5.69 million. The exponential growth rate was 2.87​% per year. ​

The formula for exponential growth is given as:

P(t) = Po( 1 + r) ^t

Where P = Population size after time t

Po = Initial population size

r = Growth rate in percentage

t= time in years

a) Find the exponential growth function.

P(t) = Population size after time t

Po = Initial population size = 5.69 million

r = Growth rate in percentage = 2.87% = 0.0287

t= time in years

The Exponential growth function

P(t) = 5,690,000(1 + 0.0287)^t

P(t) = 5,690,000(1.0287)^t

​b) Estimate the population of the city in 2018. ​

From 2012 to 2018 = 6 years

t = 6 years

Hence,

P(t) = Po( 1 + r) ^t

P(t) = 5,690,000(1 + 0.0287)^6

P(t) = 5,690,000(1.0287)^6

P(t) = 6,742,868.7374 million

c) When will the population of the city be ​8 million?

P(t) = 8,000,000

P(t) = Po( 1 + r) ^t

P(t) = 5,690,000(1 + 0.0287)^t

8,000,000 = 5,690,000(1 + 0.0287)^t

8,000,000 = 5,690,000(1.0287)^t

Divide both sides by 5,690,000

8,000,00/5,690,000 = 5,690,000(1.0287)^t/5,690,000

= 1.4059753954 = 1.0287^t

Take logarithm of both sides

log 1.4059753954 = log 1.0287^t

Log 1.4059753954 =t Log 1.0287

t = Log 1.4059753954/Log 1.0287

t = 12.041740264

t = 12.04 years

​d) Find the doubling time.

The formula is given as 70/Growth rate

= 70/0.0287

= 2439.0243902

express the scientific notation:4830000000 with all formula​

Answers

Answer:

4.83 * 10^9

Step-by-step explanation:

Here, we want to express the given number in scientific notation

What we have to do here is to place the decimal number at the back of the first non zero number

The first non zero number is 4

So

let us count the number of digits after the first non zero number

That will be 9

So we make this the power of 10

And our answer will be;

4.83 *10^9

Pls help I need this done soon and I suck at math

Answers

Answer: 4.5

Hope this helps :)

Find two numbers with sum 82 and difference 30.

Answers

Answer: I think it would be 112.

Step-by-step explanation:

0.000603 in scientific notation

Answers

6.03 x 10^-4 That is 6.03 times 10 to the negative 4 power.

Madeline has to earn at least 80 points for her science fair project. So far on the rubric she has 64 points. What is the minimum number of points that Madeline needs to earn?

F. x ≥ 96
G. 96 ≥ x
H. x ≤ 16
J. 16 ≤ x

Answers

I think the answer would be letter H

The solution is : she needs at least 16 points.

x + 64 ≥ 80

x ≥ 16

What is inequality?

An inequality is a relation which makes a non-equal comparison between two numbers or mathematical expressions.

here, we have,

Given

Madeline has to earn at least 80 points for her science fair project. So far on the rubric she has 64 points.

so,

Total = 80 (at least)

accumulated = 64

Required

Express as an inequality

In inequalities, at least means ≥

So, the expression is:

Where x represents the additional points

x + 64 ≥ 80

Solve for x

x ≥ 16

Hence, she needs at least 16 points.

To learn more on inequality click:

brainly.com/question/24853349

#SPJ3

The slope of a vertical line is:

Answers

Answer:

The slope of a line is change in Y / change in X. The slope of a horizontal line = 0, not undefined. The slope of a vertical line = undefined.

the slope of a virtual lin.e is change in Y / change in X

PLEASE ANSWER THIS ASAP !!!!!!

Answers

Answer:

y = - x

Step-by-step explanation:

The equation of a line passing through the origin is

y = mx ( m is the slope )

Calculate m using the slope formula

m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

with (x₁, y₁ ) = (- 2, 2) and (x₂, y₂ ) = (2, - 2) ← 2 points on the line

m = [tex]\frac{-2=2}{2+2}[/tex] = [tex]\frac{-4}{4}[/tex] = - 1 , thus

y = - x ← equation of line

are all equilateral triangles acute?

Answers

Answer:

Yes, all equilateral triangles are acute.

Step-by-step explanation:

yea

hope this helps :)))

4.06 = 0.19 = 0.29 = 0.86 = 19% 29% 38% 332% 247% 293% 2.98 = 406% 0.81 = 353% 2.93 = 22% 4.61 = 86% 6% 81% 483% 41% 422% 461% 3.35 = 298% 0.68 = 68% FINISH 55% 0.38 = 424% 71% 413% 315% 26% 88% 92% 2.4 = 335% 0.74 = 74% 3.32 = 3.53 = 172% 248% 240% 125% 28%

Answers

Answer:

what are you asking though

Which function represents the sequence -5.5, -4.75 -4,-3.25... ?​

Answers

The answer I think should be
C main


PLS HELP TON OF POINTS AND BRAINLIEST

Answers

Answer:

sss axiom

Step-by-step explanation:

Answer:

wa pow

Step-by-step explanation:

Please help due soon!

Answers

H = 2sqrt2
D = 6sqrt3

In a 45,45,90 triangle the hypotenuse is (x)sqrt2 while the side lengths are equivalent being a single value x. Therefore, when given the hypotenuse and solving for the leg, divide 4 by sqrt2 to get 4sqrt2/2 which simplifies to 2sqrt2 when the denominator and numerator cancel.

In a 30,60,90 triangle the short leg x is across from the 30 degree angle meaning the angle across from the 60 degree angle is x times the sqrt of 3. Therefore the long leg is 6sqrt3

Solve algebraically for x:
3600 + 1.02x < 2000 + 1.04x

Answers

Answer:

Let's solve your inequality step-by-step.

3600+1.02x<2000+1.04x

Step 1: Simplify both sides of the inequality.

1.02x+3600<1.04x+2000

Step 2: Subtract 1.04x from both sides.

1.02x+3600−1.04x<1.04x+2000−1.04x

−0.02x+3600<2000

Step 3: Subtract 3600 from both sides.

−0.02x+3600−3600<2000−3600

−0.02x<−1600

Step 4: Divide both sides by -0.02.

−0.02x

−0.02

<

−1600

−0.02

x>80000

Step-by-step explanation:

The average person laughs 15 times per day.

Answers

really? i didn’t know.
Gosh I need to start laughing more then

How many solutions does 46x– 23 = 46x + 23 have

Answers

Answer:

no solution

Step-by-step explanation:

Let's first try to solve this.

Notice that there is a 46x term on both sides, so we can subtract both sides by 46x, leaving us with:

-23 = 23

Well... this is a false statement: -23 does not equal 23.

Thus, this as no solution.

Answer:

No solutions found

Step-by-step explanation:

Rearrange:

Rearrange the equation by subtracting what is to the right of the equal sign from both sides of the equation :

46*x - 23 - (46*x + 23) = 0

Equations that are never true

Solve : -46  =  0

This equation has no solution.

A non-zero constant never equals zero.

Please help me with this question I need the answer

Answers

Answer:

I think the answer is A

Step-by-step explanation:

Answer:

First of all A and B are Letters not numbers...

Answer: a-b

Step-by-step explanation:


A school wants to buy some new desks and chairs. If it buys 40 desks and 100 chairs, the
total cost is $1100; if it buys 50 desks and 80 chairs, the total cost is $1150. What is the
price of a desk and a chair

Answers

Answer: The price of desk is 15 and the price of the chairs 5

Step-by-step explanation:

I need help with number 20 please help!!!

Answers

It can possibly be 20/1

Is 9.78778777... a rational or irrational number?

Answers

The answer is - Irrational

The given decimal number 9.78778777... is non-terminating and non-recurring it is an irrational number.

The given decimal number is 9.78778777....

We need to check whether the given decimal number is a rational or irrational number.

What are rational and irrational numbers?

Rational numbers: Rational numbers are in the form of p/q, where p and q can be any integer and q ≠ 0. This means that rational numbers include natural numbers, whole numbers, integers, fractions of integers, and decimals (terminating decimals and recurring decimals).

Irrational numbers: Irrational numbers are the set of real numbers that cannot be expressed in the form of a fraction, p/q where p and q are integers. The denominator q is not equal to zero (q ≠ 0). Also, the decimal expansion of an irrational number is neither terminating nor repeating.

So, from the definition of rational and irrational numbers, we can say the given decimal number 9.78778777... is irrational.

Since the given decimal number 9.78778777... is non-terminating and non-recurring it is an irrational number.

To learn more about rational and irrational numbers visit:

https://brainly.com/question/3386568.

#SPJ2

Help will give crown

Answers

G and H are 5 units apart.

G is at (-3, -4), and H is at (2, -4)

-3 and 2 are 5 units apart, -3+5=2. 2-5=-3

Use the diagram below to answer the question. There is a small building that is 24 feet tallThe fire fighter is standing 7 feet away from the building.

Answers

Answer:

24- 7 = 17

Step-by-step explanation:

One of the base angles of an isosceles triangle is 40°. Which is the triangle classification according to its
angles?
A. acute
B. right
C! obtuse
D. equiangular
Please help

Answers

Answer:

C. Obtuse

Step-by-step explanation:

Find the shortest distance from point A to the given line.

y = 3x +1 ; A (3,0)

What is the shortest distance from point A to the line?

Answers

Step-by-step explanation:

please i work on by paper worksheet, see it

how can i work it

Ryan and his brother, Russell, made photo frames for their grandma's birthday. They used shells they collected from the beach near her house. Ryan glued 9 white shells and 15 orange shells to the border of his frame. Russell glued 8 white shells and 10 orange shells to the border of his frame. Did the two frames have the same ratio of white shells to orange shells?

Answers

Answer: No. The two frames does not have the same ratio of white shells to orange shells.

Step-by-step explanation:

Ryan glued 9 white shells and 15 orange shells to the border of his frame. This will give us a fraction of:

9/15 = 3/5

The ratio is 3:5

Russell glued 8 white shells and 10 orange shells to the border of his frame. This will give us a fraction of:

= 8/10 = 4/5

The ratio will be 4:5.

Therefore, the two frames does not have the same ratio of white shells to orange shells.

exposed clout chaser

Answers

That’s interesting I would say
I’ve seen a few of these.

Which statement best represents the distance on a number line between -14 and -5?

Answers

Answer:

C my dude. have a merry christmassss

Answer:

A

Step-by-step explanation:

Both are negative, and largest is always first.

Kathy has $50 in her bank account right now. After three
days she had $35 left. What is her rate of change per day?
Think about if she is making or spending money. Just write
the number.

Answers

Answer:

$5

Step-by-step explanation:

Find the inequality represented by the graph - khan academy
PLEASE HELP

Answers

Answer:

y ≤ x - 1

Step-by-step explanation:

The slope is 1 (every unit for x, there is a unit for y, rise/run is 1/1). The y-intercept is -1, because the line crosses the y-axis at -1. The graph is shaded below the line, and the line is solid, meaning that y is less than or equal to x -1, or y x - 1.

Write a word description of the set.
{−6, −5, −4, −3, −2, −1}

Answers

The numbers in the brackets shown are from least to greatest. Negative six (being the lowest), negative five, negative four, negative three, negative two, negative one(being the greatest).
Hope this helps!
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