The monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25% is (B) $2,605.87 (approx).
<h3>
What is a loan?</h3>
- A loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations, or other entities in finance.
- The recipient (i.e., the borrower) incurs a debt and is typically required to pay interest on that debt until it is repaid, in addition to repaying the principal amount borrowed.
- The document evidencing the debt will typically include information such as the principal amount borrowed, the interest rate charged by the lender, and the date of repayment.
- A loan is the temporary reallocation of the subject assets between the lender and the borrower.
To find the monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25%:
- The purchase price is = $445500
- 5% is down payment = 0.05 × 445500 = 22275
- Loan amount is = 445500 - 22275 = 423225
- The EMI formula is = [p × r (1+r)ⁿ]/[(1+r)ⁿ-1]
- p = 423225
- r = 6.25/12/100=0.0052
- n = 30 × 12 = 360
- Putting the values in the formula we get:
- [423225 × 0.0052 × (1.0052)³⁶⁰]/[(1.0052)³⁶⁰-1]
- = $2603.17
Therefore, the monthly payment if we put 5% down for a 30-year loan with a fixed rate of 6.25% is (B) $2,605.87 (approx).
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The correct question is given below:
If the purchase price for a house is $445,500, what is the monthly payment if you put 5% down for a 30-year loan with a fixed rate of 6.25%?
a. $2,740.19
b. $2,605.87
c. $1,314.84
d. $1,249.10
Answer:
y=1/2x-2
you write it in y=mx+b form
Answer:
Multiple answers
Step-by-step explanation:
A parallelogram is a flat shape that has four sides. The two sets of opposite sides are parallel and of equal length to each other.
To prove that our figure is a parallelogram we first get the slope of our sides.
The formule we use to get the slope is:
m = 
- first we have the W-Z side that it's supossed to be parallel to X-Y side
if we use our formule to calculate the slope of W-Z:
=
= 8
if we use our formule to calculate the slope of X-Y:
=
= 8
- We know that parallel lines will never intersect because they have the same slope, therefore W-Z side is parallel to X-Y side
2. Then we have the W-X side that it's supossed to be parallel to Z-Y side
if we use our formule to calculate the slope of W-X:
=
if we use our formule to calculate the slope of Z-Y:
=
- We know that parallel lines will never intersect because they have the same slope, therefore W-X side is parallel to Z-Y side
Then we have to prove that the parallalel sides are equal length to each other.
The formule we use to get the distance between two points is:

We calculate the lenght of the W-Z side that it's supossed to be equal to X-Y side:
W-Z =
= 
X-Y =
= 
So the W-Z side have the same lenght to X-Y side.
We calculate the lenght of the W-X side that it's supossed to be equal to Z-Y side:
W-X =
= 
Z-Y =
= 
So the W-X side have the same lenght to Z-Y side.
Answer: 2048
Step-by-step explanation:
(25+(2×7)+3×(6-3)+2000
- 25+14+(3x3)+2000
- 39+9+2000
- 48+2000
- 2048
Parentheses
Exponents
Multiplication and Division (from left to right)
Addition and Subtraction (from left to right)