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Kitty [74]
3 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]3 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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algol13

Answer:

5.83333333

Step-by-step explanation:

6x + 16 = 51 (If that is what you actually intended to put)

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Mashcka [7]

Answer:

The second one

Step-by-step explanation:

The equation for volume is l*w*h

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Working alone, Henry takes 3 hours less than Mary to clean the carpets in the entire office. Working together, they can clean th
Sati [7]

Answer:

It would take Henry 3 hours to clean the office carpets if Mary were not there to help

Step-by-step explanation:

Assume that it takes Henry t hours to clean the carpets

∵ Henry takes 3 hours less than Mary to clean the carpets

∵ Henry takes t hours

- That means add 3 to t to find Mary time

∴ Mary takes t + 3 hours

∵ The rate of Henry is \frac{1}{t}

∵ The rate of Mary is \frac{1}{t+3}

∵ Working together, they can clean the carpets in 2 hours

- Add the two rates and equate the answer by \frac{1}{2} (their rate together)

∴ \frac{1}{t}+\frac{1}{t+3}=\frac{1}{2}

Multiply the two denominators and multiply each numerator by the other denominator to add the two fractions of the left hand side

∵ \frac{(1)(t+3)}{t(t+3)}+\frac{(1)t}{t(t+3)}=\frac{1}{2}

∴  \frac{(t+3)}{t(t+3)}+\frac{t}{t(t+3)}=\frac{1}{2}

- Add the two fractions in the left hand side

∴ \frac{t+3+t}{t(t+3)}=\frac{1}{2}

∴  \frac{2t+3}{t^{2}+3t}=\frac{1}{2}

Use the cross multiplication

∵ (t² + 3t)(1) = 2(2t + 3)

∴ t² + 3t = 4t + 6

- Subtract 4t from both sides

∴ t² - t = 6

- Subtract 6 from both sides

∴ t² - t - 6 = 0

- Factorize it into two factors

∴ (t - 3)(t + 2) = 0

Equate each factor by 0 to find t

∵ t - 3 = 0

- Add 3 to both sides

∴ t = 3

OR

∵ t + 2 = 0

- Subtract 2 from both sides

∴ t = -2 ⇒ reject this answer because there is no - ve time

∴ t = 3

∴ Henry would take 3 hours to clean the carpets alone

It would take Henry 3 hours to clean the office carpets if Mary were not there to help

8 0
3 years ago
find the common difference of the arithmetic sequence. 6, 9.4, 12.8, 16.2, . . . a. 3.4 b. 15.4 c. 1.6 d. –1.6
Alexeev081 [22]
9.4 - 6 = 3.4
12.8 - 9.4 = 3.4
16.2 -12.8 = 3.4

hence the difference between the terms is common and = 3.4
5 0
4 years ago
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