1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Shtirlitz [24]
3 years ago
5

Suppose that the total interest that will be paid on a 2525-year mortgage from a home loan of $130,000$⁢130,000 is going to be $

380,000$⁢380,000. What will be the payments each month if the payments are to pay off both the loan and the interest (rounded to the nearest hundredth)?
Mathematics
1 answer:
lesantik [10]3 years ago
7 0

Answer:

$1,700

Step-by-step explanation:

Given the following :

Period of mortgage = 25 years

Mortgage amount = $130,000

Total interest on mortgage = $380,000

Hence,

Total amount to be paid ( principal + interest) :

($130,000 + $380,000) = $510,000

Total number of months over the 25 years period:

25 × 12 = 300 months

Payment per month:

Total repayment / number of months

= $510,000 / 300

= $1,700 per month

You might be interested in
Tell which property is represented 12•14=14•12
kakasveta [241]

Answer:Communative

Step-by-step explanation:

5 0
3 years ago
Can you please help me out and when you do it please the division house
Zolol [24]

Answer:

115.75

Step-by-step explanation:

463/4 friends = 115.75

5 0
3 years ago
Read 2 more answers
Cuanto tiempo pasa de las 9:15 a las 10:30?
lisov135 [29]

Answer:

1 hour and 15 minutes

Step-by-step explanation:

5 0
3 years ago
Evaluate 5(14 – 23) + 8 ÷ 2. A. 26 B. 34 C. 44 D. 56
Keith_Richards [23]

Answer:

We multiplu5(14-23)which will vive us 115-70 equivalent to -45 and then we divide 8÷2which will give us 4. Finally we add -45+4=-41

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
I need some helppp people
dsp73

We can observe that the function describing the graph is linear and so the equation is of linear nature:

y=mx+n

Numbers m and n have special names. m is called the slope, n is called y-intercept.

From the graph one can tell that the line intercepts y-axis at y = -1 that means n = -1. What about the slope you say?

The slope can be calculated using two points' coordinates that lie on the line:

m=\frac{\Delta y}{\Delta x}=\frac{-1-5}{0-5}=\frac{6}{5}

Now our line has an equation,

y=\frac{6}{5}x-1

Hope this helps.

4 0
2 years ago
Read 2 more answers
Other questions:
  • Archie builds a pool in his backyard. The pool measures 16 yards long, 6 yards wide and 2 yards deep. How many gallons of water
    6·1 answer
  • Use the rule to find the image of the vertices ABC is A (-2,4), B(5,3), C(1,-6) for the translation. (3 points)
    5·2 answers
  • Find -3A+6B Matrices
    9·1 answer
  • What’s the value of 2x + y when x = 4 and y = 3
    13·2 answers
  • 8n- (4n+7)=17 how do I solve
    9·2 answers
  • Find the slope of the line that goes through the Orgin (4.8)
    7·1 answer
  • Surface Area of Composite Figure
    10·1 answer
  • Read the following problem: "Find the number, if the sum of 9 and a half a number equals 35." Which of the following translation
    7·1 answer
  • Micaela and Chelsea each improved their yards by planting rose bushes and ivy. They bought their supplies
    10·2 answers
  • Simplify the expression
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!