The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(180
15)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)
I think that gain of Silva, in July, is:
<span>60+<span>110100</span>∗60=60+<span>1110</span>∗60=60+66=126$</span><span>
so A.</span>
Answer:
a) x = 5
b) x = 4
Step-by-step explanation:
a)
= 9.5
3x+4 = 9.5(2)
3x = 19-4
x = 15/3
x = 5
b)
= 5
7+2x = 5(3)
2x = 15-7
x = 8/2
x=4