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S_A_V [24]
2 years ago
11

Ethan is looking to take out a mortgage for $620,000 from a bank offering an annual interest rate of 4.5%, compounded monthly. U

sing the formula below, determine his monthly payment, to the nearest dollar, if the loan is taken over 25 years.
Mathematics
1 answer:
Komok [63]2 years ago
6 0

His monthly payment to the nearest dollar of the loan taken over 25 years = $4,391.67

<h3>Calculation of monthly payment</h3>

The mortgage capital = $620,000

The rate of payment of interest= 4.5%

The period for the payment = 25 years.

Simple interest

= p×T×R/100

= $620,000 × 25 × 4.5/100

= 69750000/100

= $697,500

Therefore the total amount of money that will be generated = $620,000 + $697,500 = $1,317,500

Therefore the monthly payment,

= $1,317,500/12×25

= $4,391.67

Learn more about simple interest here:

brainly.com/question/20690803

#SPJ1

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One of the parking lot lights at a hospital has a motion detector on it, and the equation (x+10)2+(y−8)2=16 describes the bounda
Pani-rosa [81]
We are given an equation:
(x+10)^{2} +  (y-8)^{2} = 16

This is an equation of a circle. General form of a circle equation is:
(x-a)^{2} + (y-b)^{2} = r^{2}
Where:
a = x coordinate of a center
b = y coordinate of a center
r = radius of a circle

Motion detector can detect person anywhere within a boundary. The greatest distance at which detector can detect is at the edge of a circle. That distance, between detector and edge of circle, is equal to radius.

From the equation we have:
r^{2} =16  \\ r=4
The greatest distance at which person can be detected is 4ft.
7 0
3 years ago
Read 2 more answers
esse deposits $428 into his new checking account. During the month, he deposits $40 and withdraws $25, $283, and $119. What is t
tatyana61 [14]
A $1 is all he has left.
7 0
3 years ago
Read 2 more answers
Factor the polynomial 16b^4+30b^3-12b^2
Lelu [443]

Answer:

2b²(8b²+15b-6)

Step-by-step explanation:

16b^{4}+30b³-12b²

2b²(8b²+15b-6)

This is not further factorable. If you want to find the roots, you'd have to use the quadratic formula for the polynomial in the parentheses. Therefore that is our final answer.

4 0
3 years ago
Jaun's age, x, is 4 times his age 15 years ago
KIM [24]

The expression of the mathematical statement given as "Jaun's age, x, is 4 times his age 15 years ago" is x = 4 * (x - 15)

<h3>How to rewrite the statement as an expression?</h3>

The mathematical statement is given as

Jaun's age, x, is 4 times his age 15 years ago

From the statement, we have:

x represent Juan's current age

This means that his age 15 years ago is

15 years ago = x - 15

4 times his age 15 years ago is

4 * 15 years ago = 4 * (x - 15)

The above equation is equivalent to his current age

So, we have

x = 4 * (x - 15)

Hence, the expression of the mathematical statement given as "Jaun's age, x, is 4 times his age 15 years ago" is x = 4 * (x - 15)

Read more about expressions at

brainly.com/question/2972832

#SPJ1

7 0
1 year ago
Thats the question ​
elixir [45]

Answer:

160 in ^2

Step-by-step explanation:

First we need to find the area of each shape and add them together

1. Triangles:

The formula for a triangle is (base x height)/2, so we can replace them as (5 * 4)/2 * 2( Because there are two triangles), so therefore the two triangles will add up to 20 inches

2. The Rectangles

<u>The Big Rectangle:</u>

The big rectangle is just <em>l x w </em> or 5 * 20 which is 100

<u>The small rectangle:</u>

To find the width of the small rectangle you have to do 20 - (5 + 5) because we are not including the triangles. 20 - (5 +  5) = 10, so that would be 10 * 4 = 40.

3.Add them together

20 + 100 + 40 = 160 inches ^2

Hope this helps!!!

4 0
3 years ago
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