Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months
Answer:
The second table.
Step-by-step explanation:
In the first table, the speed goes from 45 down to 43; then down to 41; then up to 42; then up to 43. It decreases and then increases. This is not the correct table.
In the second table, the speed goes from 45 up to 47; then up to 49; then down to 48; then down to 47. It increases and then decreases; this is the correct table.
To verify, we check the last two tables. The third table stays at 45, then decreases to 43 and 41. This is not correct.
The last table decreases from 45 to 43, then decreases to 41, then stays constant. This is not correct.
The second table is the only correct one.
Answer:
Hey did you get the answer to it please let me know girly
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
Yes it's D. Answered by Gauthmath
