1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
likoan [24]
3 years ago
10

A $104.000 selling price with $24000 down at 8 1/2% for 25 years results in a monthly payment of

Mathematics
1 answer:
romanna [79]3 years ago
3 0
*******************************************************
(See attached formula)
Loan Principal = 104,000 - 24,000 = 80,000
rate = 8.5 / 1,200  = <span> <span> <span> 0.0070833333 </span> </span> </span>
time = 25 years = 300 months

Monthly Payment = <span> <span> 0.0070833333 </span> + </span><span> <span> [ 0.0070833333 / ((1</span></span><span>.0070833333)^300 -1)) ] *principal
</span>
Monthly Payment = <span>0.0070833333 + </span><span> [ 0.0070833333 / (</span><span> </span> <span> <span> <span> 8.3104129461 </span> </span> </span> -1)] * 80,000
Monthly Payment = 0.0070833333 + [ 0.0070833333 / ( 7.3104129461)] * 80,000
Monthly Payment = (0.0070833333 + <span> <span> <span> 0.00096893750767) * 80,000
</span></span></span>Monthly Payment = <span> <span> <span> 0.00805227080767 </span> </span> </span> * 80,000
Monthly Payment = <span> <span> <span> 644.18

Source:
http://www.1728.org/calcloan.htm

</span></span></span>

You might be interested in
What is the value of the expression below when X=5 6x+5
Molodets [167]

Answer:

35

Step-by-step explanation:

6 x 5 = 30

30 + 5 = 35

6 0
3 years ago
Read 2 more answers
Como resuelvo ese problema ?
prisoha [69]
160. 
Brainiest please

5 0
3 years ago
Rewrite 3x+5y=11 and -5x+7y=9 in slope intercept form
chubhunter [2.5K]

Problem 1

subtract 3 x

5y=-3x+11

divide 5

y=3/5x+2.2'

Problem 2

add 5x

7y=5x+9

divide 7

y=5/7x+1.3'

'notice'

you can put 2.2 into a fraction (11/5) and 1.3 (9/7) if your teacher allows it, but i put them into decimals

4 0
3 years ago
Find the missing side lengths.
CaHeK987 [17]

Use the Pythagorean theorem:

x^2+8^2=17^2\\\\x^2+64=289\qquad\text{subtract 64 from both sides}\\\\x^2=225\to x=\sqrt{225}\\\\\boxed{x=15\ ft}

4 0
3 years ago
PLEASE HELP<br> How to do this
Ne4ueva [31]
I believe 20 is your answer. Tell me if I’m wrong.
4 0
2 years ago
Other questions:
  • Kinda putting this out here to everyone so you can learn. Don't just click on a person needing help then guess or just put gibbe
    10·1 answer
  • Which of the following creates 90° angles at the points of intersection and also cuts a segment into two congruent pieces?
    15·1 answer
  • Merideth's brother, Miles, is 3 years younger than twice her age. The sum of their ages is 24. Create an equation to determine t
    14·1 answer
  • John n his family went out to eat their favorite restaurant the bill for the food was $65 and they left a 20%tip for the server
    11·1 answer
  • A backyard is 40.5 feet long and 25 feet wide. In order to install a pool, the yard needs to be reduced by a scale of One-third.
    10·2 answers
  • <img src="https://tex.z-dn.net/?f=x%5E%7B2%7D%20-x-56%5C%5C" id="TexFormula1" title="x^{2} -x-56\\" alt="x^{2} -x-56\\" align="a
    14·1 answer
  • Elementary math! please help Mark brainlist​
    15·1 answer
  • 18x-6y= 54<br> 12y=6x-18<br> Solve this system of equations using the substitution method.
    12·1 answer
  • Pls help, I don't understand ​
    8·1 answer
  • A 440m long road is bejng repaired. At the end of the three days, the workers had repaired 3/4 of the road. What length of the r
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!