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)^(18015)
⇒ 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 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
Step-by-step explanation:
Answer:
try x= 4z/y
Step-by-step explanation:
R + w = 50
r = 6w + 1
now we sub ..
6w + 1 + w = 50
7w + 1 = 50
7w = 50 - 1
7w = 49
w = 49/7
w = 7 <== white beads
r = 6w + 1
r = 6(7) + 1
r = 42 + 1
r = 43 <=== red beads
Answer:
The equation that can be used to find the missing number is 96 - 12n = 3 + n
Step-by-step explanation:
The difference of 8 less a number n
This is 8 - n
Multiplied by twelve
This is:
12(8 - n) = 96 - 12n
Is equal to 3 more than the number.
96 - 12n = 3 + n
The equation that can be used to find the missing number is 96 - 12n = 3 + n
