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o-na [289]
3 years ago
5

Shawn Fitzgerald finds a suitable property and agrees upon a selling price of $137,900. The mortgage company requires a 20% down

payment and Shawn chooses to finance the property for 30 years at 8%. What is the total amount of interest charged, rounded to the nearest whole dollar? (Hint: First subtract the down payment from the selling price to find the amount to be financed. Round only at the end of your calculations.)

Mathematics
2 answers:
Umnica [9.8K]3 years ago
6 0

Answer:

$181,190

Step-by-step explanation:

Remember the comma in the right area

Phantasy [73]3 years ago
4 0
Amount financed
137,900−137,900×0.20
=110,320
number of thousands
110,320÷1,000
=110.32
Multiply it by the monthly payment per thousands
110.32×7.34
=809.7488
Now multiply it by the number of months in a year
809.7488×12 months
=9,716.9856
Multiply it by the number of years
9,716.9856×30
=291,509.568
Now the total amount of interest charged
291,509.568−110,320
=181,189.568 round your answer
=181190...answer

Hope it helps
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olga2289 [7]

Hey there!

-1 ¼ • 9

= - (4+1)/4 • 9

= -5/4 • 9

= -(5 × 9)/4

= <u>-</u><u> </u><u>4</u><u>5/4</u>

= <u>- 11.25</u>

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8 0
3 years ago
Read 2 more answers
g: Consider the following game. A coin is flipped. If it lands tails we stop playing and winnothing. If it lands heads we spin a
galben [10]

Answer:

E[W] = $25 (assuming the currency is in dollars)

Var(W) = 1041.67

Step-by-step explanation:

Probability of winning first starts with the coin toss.

For a win, the coin needs to land on heads.

Probability of that = 1/2 = 0.5

Then probability of winning any amount = 1/100 = 0.01

Total probability of winning any amount = 0.5 × 0.01 = 0.005

But expected value is given by

E(X) = Σ xᵢpᵢ

where xᵢ is each amount that could be won

pᵢ is the probability of each amount to be won and it is the same for all the possible winnings = 0.005

So,

E(W) = Σ 0.005 xᵢ

Summing from 0 to 100 (0 indicating getting a tail from the coin toss). This could be done with dome faster with an integral sign

E(W) = ∫ 0.005 x dx

Integrating from 0 to 100

E(W) = [0.005 x²/2]¹⁰⁰₀

E(W) = [0.0025 x²]¹⁰⁰₀ = 0.0025(100² - 0²) = 0.0025 × 10000 = $25

Variance is given by

Variance = Var(X) = Σxᵢ²pᵢ − μ²

μ = expected value

We calculate the expression, Σxᵢ²pᵢ which is another sum from 0 to 100

Σxᵢ²pᵢ = Σ 0.005xᵢ²

Σ 0.005 xᵢ² = ∫ 0.005 x² dx

Integrating from 0 to 100

∫ 0.005 x² dx = [0.005 x³/3]¹⁰⁰₀ = [0.1667x³]¹⁰⁰₀ = 0.1667(100³ - 0³) = 1666.67

Var(W) = 1666.67 - 25² = 1666.67 - 625 = 1041.67.

5 0
3 years ago
Can someone please help find the answer and explain how you got it please.
tresset_1 [31]

Answer:

5

Step-by-step explanation:

Hello!

We put in 2 for x and 6 for y

\frac{2(6)-2}{2}

Now we can solve this

\frac{12 - 2}{2}

\frac{10}{2} = 5

The answer is 5

Hope this helps!

4 0
3 years ago
Read 2 more answers
Find an equation of the circle that satisfies the given conditions. (Give your answer in terms of x and y.)
masya89 [10]

Answer:

(x-4)^2+(y+5)^2=90

Step-by-step explanation:

The equation of a circle of radius r, centered at the point (a,b) is

(x-a)^2+(y-b)^2=r^2

We already know the center is at (4,-5), we are just missing the radius. To find the radius, we can use the fact that the circle passes through the point (7,4), and so the radius is just the distance from the center to this point (see attached image). So we find the distance by using distance formula between the points (7,4) and (4,-5):

radius=\sqrt{(7-4)^2+(4-(-5))^2}=\sqrt{3^2+9^2}=\sqrt{90}

And now that we know the radius, we can write the equation of the circle:

(x-4)^2+(y-(-5))^2=\sqrt{90}^2

(x-4)^2+(y+5)^2=90

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3 years ago
Type the correct answer in each box. Use numerals instead of words. Consider the equation below. x/h+1=-2 The value of x in term
arlik [135]

Answer:

x = -3h

x = -12

Step-by-step explanation:

Given equation is \frac{x}{h}+1=-2

To find the value of x in terms of h we will solve the expression to isolate x on one side of the equation.

by subtracting 1 from both the sides of the equation,

\frac{x}{h}+1-1=-2-1

\frac{x}{h}=-3

Multiplying 'h' on both the sides of the equation,

(\frac{x}{h})\times h = (-3)h

x = -3h

If h = 4,

x = (-3)(4)

x = -12

4 0
3 years ago
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