ivan is looking to purchase a home that costs 160000 the interest rate is currently at 3.7%. use the monthly payment formula bel
ow to find ivans monthly mortgage payment for the next 30 years
1 answer:
30 years = 360 months
3.7% monthly = 3.7/1,200 = <span> <span> <span> 0.0030833333 </span> </span> </span> monthly rate
Monthly Payment = <span> <span> 0.0030833333 </span> + [</span><span> <span> 0.0030833333 / </span></span><span><span> (<span>(1.0030833333) ^ 360</span></span>) -1)] * 160,000
</span><span>Monthly Payment = <span> 0.0030833333 + [</span><span> 0.0030833333 / </span></span> <span>2.0291809197 ] * 160,000
</span><span>Monthly Payment = (0.0030833333 + 0.0015194965) * 160,000
</span>Monthly Payment = <span> <span> <span> 0.0046028298 </span> </span> </span> <span>* 160,000
</span>Monthly Payment = <span> <span> <span> $736.45</span></span></span>
Source:
http://www.1728.org/loanform.htm
Loan Payment Formula
3.7% monthly = 3.7/1,200 = <span> <span> <span> 0.0030833333 </span> </span> </span> monthly rate
Monthly Payment = <span> <span> 0.0030833333 </span> + [</span><span> <span> 0.0030833333 / </span></span><span><span> (<span>(1.0030833333) ^ 360</span></span>) -1)] * 160,000
</span><span>Monthly Payment = <span> 0.0030833333 + [</span><span> 0.0030833333 / </span></span> <span>2.0291809197 ] * 160,000
</span><span>Monthly Payment = (0.0030833333 + 0.0015194965) * 160,000
</span>Monthly Payment = <span> <span> <span> 0.0046028298 </span> </span> </span> <span>* 160,000
</span>Monthly Payment = <span> <span> <span> $736.45</span></span></span>
Source:
http://www.1728.org/loanform.htm
Loan Payment Formula
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be the number of scarves. Then we have the inequalities:
<em>This says Nivyana and Ana cannot make more than 30 scarves</em>
<em>This says that</em> <em>Nivyana and Ana have to earn at least $1000.</em>
Part B:
The graph is attached.
Notice that the graphs of the inequalities are solid lines, this just means that the points on these lines included to the solutions of each inequality.
The darker shaded region and the solid lines bounding it, are the solutions to the inequalities because that's where the values common to both inequalities are found.
Part C:
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15 scarves & 10 mittens
25 scarves & 5 mittens.
These two points lie on the solid lines that bound the darker shaded region<em> (I picked those points to stress that the lines bounding the dark region are also solutions.)</em>
Answer:
7 quarters are spent for throwing 350 food pebbles in pond.
Step-by-step explanation:
Given:
Reggie receives 50 food pebbles for every quarter he spends.
Number of food pebbles he has = 350
Let the number of quarters spent for 350 pebbles be 'x'.
Now, using proportion and cross multiplication method, we can find 'x'.
<u><em>1 quarter is equivalent to 50 pebbles thrown in pond.</em></u>
<u><em>So, 'x' quarters is equivalent to 350 pebbles thrown in pond.</em></u>
So, 7 quarters are spent for throwing 350 food pebbles in pond.