Jeff decided to purchase a house, his mortage is a 30-year loan at 4.1 % compounded monthly. The final purchase price was $150,0
1 answer:
Answer:
$711.23
Step-by-step explanation:
We assume the entire closing cost went to reducing the principal of the loan. Then the amount borrowed was $147,192.
<h3>Monthly payment</h3>The amortization formula tells you the monthly payment.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
P is the principal, r is the annual rate, and t is the number of years.
The monthly payment is ...
A = $147,192(0.041/12)/(1 -(1 +0.041/12)^-360) ≈ $711.23
Jeff's monthly payment is $711.23.
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Answer:
angle JKL is 106
Step-by-step explanation:
an isosceles triangle means two sides are the same and the bottom two angles are the same length. So you would equal the two equations and solve it to get x. Then replace one of the equation's x with the number you got, which would be 5, and solve that. Since both bottom angle are the same, the other angle would be the same degree, 37*. A triangle is 180* total, so subtract that by two 37's and you'll get the answer.
