Nick’s parents purchased their first home in the 1980’s with a 30-year mortgage at 19.5%.

1 answer:

7 0

$ 2037.40 

Interesting that there was no down payment..........The staggering monthly payment above would be enough to pay off the total mortgage in just over 5 years. Nick's parents would be much better off to save their money for a few years.

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Can i plz have some help

daser333 [38]

Theoretical Probability is what you think the result will be, and experimental probability is what it turns out to be, hope this helps.

5 0

3 years ago

Assume ABC Company deposits $90,000 with First National Bank in an account earning interest at 6% per annum, compounded semi-ann

maw [93]

Answer:

Step-by-step explanation:

I'm goig to assume that the formula we need here is the following:

$A(t)=P(1+\frac{r}{n})^{(n)(t)$

where A(t) is the amount in the account after the compounding is done, n is the number of times per year the compounding occurs, r is the rate in decimal form, and t is the time in years. Filling in accordingly,

$A(t)=90000(1+\frac{.06}{2})^{(2)(5)}$ and simplifying a bit,