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Kitty [74]
2 years ago
14

The Schmidts brought a house 10 years ago and took out a mortgage. They are considering selling and want to know how much they s

till owe. They know their monthly payment and interest rate. Which of the following methods and correctly allow them to find the amount still owed?
Mathematics
1 answer:
just olya [345]2 years ago
6 0

Answer: a. They can find the present value of the remaining 20 years worth of payments.

Step-by-step explanation:

The present value of the payments for the servicing of the loan is the amount of the loan that is still owed because the payments include both the interest and the principal repayments.

The Schmidts can therefore find out the amount they still owe by checking the present value of the remaining 20 years worth of payments.

As the payments are usually constant they can be treated as an annuity so using the monthly payment as the annuity, the interest rate as the discount rate and the 20 years ( 240 months) as the period, they should be able to find the present value of the loan.

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Jonah has a large collection of marbles he notices that if he borrows five marbles from a from a friend he can arrange the marbl
olga nikolaevna [1]

Answer:

The remainder is 8

Step-by-step explanation:

Let Jonah's Marble=x

If he arranges x marbles into y rows of 13 each, and there are remainders(R)

Then:

x/13=y+(R/13).....(I)

If he borrows 5 marbles from a friend, there will be no remainder. However, the number of rows y, will be increased by 1

New Total Marbles=x+5

(x+5)/13=y+1.....(ii)

x+5=13(y+1)

x=13y+13-5

x=13y+8

From (I)

x=13y+R

Comparing the values of x derived from (I) and (ii)

13y+R=13y+8

Therefore the Remainder, R= 8

5 0
3 years ago
Need help with this
Artemon [7]

The answer is D (the last answer choice)

3 0
3 years ago
QUICK HELP!!! PLEASE!! 20 POINTS!
NikAS [45]

Answer:

X/-1 + Y/2 = 1

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
I have $8 and make a purchase for $5. What percent of money did I spend
Harman [31]
5/8 =
2.5/4=
62.5/100=
62.5%
7 0
3 years ago
Choose the equation that represents the line passing through the point (2,-4) with a slope of 1/2? y=1/2x+5, y=1/2x-3, y=1/2x-5,
LUCKY_DIMON [66]
Correct answer: <span>y=1/2x-5
</span>
given: point = (2,-4)
slope = 1/2 

Explanation: equation of line is: y = mx + c
where, m is the slope
c is the y-intercept

Now, 
here, y = 1/2x + c
put, x = 2, y = -4
we get, -4 = (1/2).2 + c
or c = -4 - 1
or c = -5 

Hence, equation of line is : y = 1/2x-5
3 0
2 years ago
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