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rjkz [21]
4 years ago
13

What is the monthly payment for $280000 mortgage with an interest of 6% compounded monthly for 20 years?

Mathematics
1 answer:
Snezhnost [94]4 years ago
4 0
The formula of the present value of an annuity ordinary is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 280000
PMT monthly payment?
R interest rate 0.06
K compounded monthly 12
N time 20 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=280,000÷((1−(1+0.06÷12)^(
−12×20))÷(0.06÷12))
=2,006.01
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James wants to go to the Texans football game. A ticket costs $79.50 plus tax. The tax rate is 6%. What is the total purchase pr
JulsSmile [24]
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7 0
3 years ago
6:
horrorfan [7]

Step-by-step explanation:

charging the phone for 1 minute ,it has 2%

i.e,1----->2

After 2 minutes from that time ,i.e total 3 minutes

it has 6% charge

i.e,3--------->6

from the both the above cases ,1 minute provide 2%=6/3

=2

Hence,

for getting 50%charge=50/2

=25 min

and,for 90 %charge=90\2

=45 min

8 0
2 years ago
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Varvara68 [4.7K]

Answer:

1

Step-by-step explanation:

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4 0
3 years ago
Which two transformations must be applied to the graph of y = ln(x) to result in the graph of y = –ln(x) + 64
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