1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Burka [1]
2 years ago
10

PLEASE HELP ME!!!!!

Mathematics
1 answer:
solong [7]2 years ago
3 0

The full workings for the house purchase you made on a mortgage are as follows:

1. Price of House = $499,000 (given)

2. Down Payment = $99,800 ($499,000 x 20%)

3. Amount Financed (Mortgage principal) = $399,200 ($499,000 - $99,800).

4. Monthly Payment = $2,522.94 (given)

5. Number of monthly payments = 360 months (30 x 12)

6. Total Payback = $908,258.40 ($2,522.94 x 360)

7. Total Interest = $509,058.40 ($908,258.40 - $399,200)

8. Assessed Valuation = $199,600 ($499,000 x 40%)

9. Real Estate Taxes (annual) = $6,047.88 ($199,600 x $3.03/$100)

10. Escrow Payment Per month (taxes & insurance) = $628.99 ($6,047.88 + $1,500)/12

11. Monthly Payment to lender (escrow + mortgage) = $3,151.93 ($628.99 + $2,522.94)

<h3>What is a mortgage?</h3>

A mortgage is a loan arrangement that allows a borrower to buy some property, usually a house, without paying for the full cost immediately.

The borrower then makes a monthly payment, which includes the principal and its interest.

Learn more about mortgage payments at brainly.com/question/22846480

#SPJ1

You might be interested in
In estimating the mean score on a fitness exam, we use an original sample of size and a bootstrap distribution containing bootst
zmey [24]

Answer:

Option A is correct.

The confidence interval becomes

66 to 74.

Step-by-step explanation:

Complete Correct Question

In estimating the mean score on a fitness exam, we use an original sample of size n = 30 and a bootstrap distribution containing 5000 bootstrap samples to obtain a 95% confidence interval of 67 to 73. A change in this process is described below. If all else stays the same, which of the following confidence intervals (A, B, or C) is the most likely result after the change: Using an original sample of size n=16?A. 66 to 74

B. 67 to 73

C. 67.5 to 72.

Confidence Interval for the population mean is basically an interval of range of values where the true population mean can be found with a certain level of confidence.

Mathematically,

Confidence Interval = (Sample mean) ± (Margin of error)

Margin of Error is the width of the confidence interval about the mean.

It is given mathematically as,

Margin of Error = (Critical value) × (standard Error of the mean)

To calculate the Sample Mean, we will use the confidence imterval obtained for the first sample size of 30 was 67 to 73.

Let the mean be x and the margin of error = y.

Lower limit of the confidence interval = x - y = 67

Upper limit of the confidence interval = x + y = 73

Solving simultaneously,

Sample mean = 70

Margin of error = 3

Then, since the sample size was initially 30, the critical value was obtained from the z-tables.

95% critical value = z = 1.960

Margin of error = (critical value) × (standard error)

3 = 1.960 × (standard error)

Standard error = 1.5306

Standard error of the mean = σₓ = (σ/√n) = 1.5306

σ = standard deviation of the sample = ?

n = sample size = 30

1.5306 = (σ/√30)

σ = 1.5306 × √30 = 8.3835

Note that using the central limit theorem, we can assume that sample mean for a sample size of 30 people will be approximately equal to the same value, digital value, that is Adam score of 70.

Sample mean for sample size 16, = 70

Sample standard deviation = 8.3835

Critical value will be obtained using the t-distribution. This is because there is no information provided for the population mean and standard deviation.

Critical value = 1.960

Standard error of the mean = σₓ = (σ/√n)

σ = standard deviation of the sample = 8.3835

n = sample size = 16

σₓ = (8.3835/√16) = 2.096

95% Confidence Interval = (Sample mean) ± [(Critical value) × (standard Error of the mean)]

CI = 70 ± (1.960 × 2.096)

CI = 70 ± 4.10

95% CI = (65.9, 74.1)

95% Confidence interval = (66, 74)

Hope this Helps!!!

3 0
3 years ago
A cake mix calls for these ingredients. 2 cups of sugar 7 cups of flour 3 cups of milk 1 cup of oil Write the ratios of sugar to
Rashid [163]

Answer:

milk to oil - correctly shows ratio 3:1

7 0
3 years ago
Read 2 more answers
What is the slope of the line that is perpendicular to the given line x-2y=10?
laiz [17]
Not sure how to do it in this form but in slope intercept form for example if the slope was -4/3 the perpendicular would be 3/4 it’s the negative reciprocal of the answer
7 0
3 years ago
Solve showing all work and simplify completely:<br> 9/18 + 1/3
ss7ja [257]

Answer:

5/6

Step-by-step explanation:

9/18 + 1/3 <Need the same denominator so find the lowest common multiple.

3 6 9 12 15 18 < multiples of 3

if 3 goes into 18 than it will be our LCM

3 goes into 18 6 times so multiply 1 and 3 by 6 and rewrite the equation

9/18 + 6/18 < just add 9 + 6 and place it over 18

15/18 <this number can be simplified so write out their factors and pick the highest one to divide by one they have in common.

1 3 5 15 <Factors of 15

1 2 3 6 9 18 <Factors of 18

3 is the highest one they both have so divide both 15 and 18  by 3

15/3 is 5 and 18/3 is 6

put the 5 and 6 in their proper places and you have 5/6 or .83333333333...

6 0
3 years ago
There are 15 non fiction books and 37 fiction books in the teacher’s collection. Which of the following expresses the ratio of f
anyanavicka [17]
The ratio is 37:15
For every 37 fiction books there are 15 non fiction books
37/15. = 2 7/15
3 0
3 years ago
Other questions:
  • Find the slope of the line shown on the graph
    5·1 answer
  • <img src="https://tex.z-dn.net/?f=%5Chuge%5Cboxed%7BWrite%5C%3Bequations%5C%3Bfor%5C%3Bthe%5C%3Bfollowing...%7D%5C%5C%5C%5C1...%
    9·2 answers
  • Which graph is a parabola?
    11·1 answer
  • 2 and 3/8 minus 1/4 times 1/8
    12·1 answer
  • Carla use two and three cups and one and three eight how much does she use in all
    6·1 answer
  • Solve for k. Describe the steps taken to find the solution.<br> 8 + 10 - 6k = 6(4 - k)
    6·2 answers
  • HELPPP! Pleaze I will give 30 points!
    9·2 answers
  • Strontium-90 has a half-life of about 29 years. After 65 years, about how many
    14·1 answer
  • F(x) is the same thing as ___________(fill in the blank), if we are dealing with points in
    15·1 answer
  • A hot-air balloori rises 500 feet and then sinks 500 feet.
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!