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:
The given line passes through (0,8) and (8,0).
The slope of this line is 
.
The point-slope form is given by:
We substitute the slope and the point (8,0) to get:
We substitute the slope and the point (0,8) to get:
Answer:
None of the above
A- The peak is at 2 years, not 4 years.
B- There is no gap at 5 to 7 years. There are still dots on 5-7.
Answer:
24y = 4x +3
Step-by-step explanation:
by this expression you can find the answer
white : milk : dark
w : m : d
The ratio of white to not white is 3:4
w : (m+d) = 3:4
The ratio of not dark to dark is 17:4.
(w+m) : d = 17:4
---------
We treat the colons as fraction bars and cross multiply.
4w = 3(m+d) = 3m + 3d
4w + 4m = 17 d
Subtracting,
4m = 17d - (3m+3d) = 14d - 3m
7m = 14 d
m/d = 14/7
m:d = 2:1
Since w:(m+d)=3:4 let's make m+d a multiple of 4.
m:d = 8:4
w : (m+d) = 3:4 = 9:12
w:m:d = 9:8:4
Answer: 9:8:4
Check:
white to non white 9 to 8+4=12 = 3:4, good
non dark to dark (9+8):4=17:4, good
