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melisa1 [442]
3 years ago
13

Alice purchased a house using a fixed rate mortgage. The annual interest rate is 5.6% compounded monthly for 30 years. The mortg

age amount is $205,000. what is the monthly payment on the mortgage?
Mathematics
1 answer:
zhuklara [117]3 years ago
5 0
Hi there
The formula of the present value of annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
So we need to find the monthly payment pmt
Pmt=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 205000
R interest rate 0.056
K compounded monthly 12
N time 30

PMT=205,000÷((1−(1+0.056÷12)^(
−12×30))÷(0.056÷12))
=1,176.86...answer

Hope it helps
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C. .4(4.2) = 1.68

5.4(1-.4) = 3.24

3.24 + 1.68 = 4.92 ,, 4.92 > 4.55 so short is better

Step-by-step explanation:

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Evaluate. 2−2⋅(12⋅3)−53
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2−<span><span>2<span>(12)</span></span><span>(3)</span></span></span>−53</span><span> 
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for your career project, you plan to design ans sell t-shirts. During the first 5 weeks of selling the shirts, the functions f(s
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Using translation concepts, we have that:

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<h3>What is a translation?</h3>

A translation is represented by a change in the function graph, according to operations such as multiplication or sum/subtraction either in it’s definition or in it’s domain. Examples are shift left/right or bottom/up, vertical or horizontal stretching or compression, and reflections over the x-axis or the y-axis.

For this problem, the profit function is given by:

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To double the function, we multiply the slope by 2, hence the new profit equation is:

f(s) = 8/3s - 20.

This new function is a vertical stretch by a factor of 2 of the graph of f(s).

The new profit selling 300 shirts is given by:

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More can be learned about translation concepts at brainly.com/question/28373831

#SPJ1

4 0
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