Answer:
$66.67
Step-by-step explanation:
The calculation of first monthly mortgage payment is amortization is given below:-
Amount borrowed = Purchase first home cost - Down payment
= $190,000 - $38,000
= $152,000
Annual interest = ($152,000 × 5%) ÷ 12
= $7,600 ÷ 12
= $633.33 per month
Now,
First monthly payment = Mortgage payment - Annual interest
= $700 - $633.33
= $66.67
Hence, we simply applied the above formula.
Answer:
Your answer is correct
Step-by-step explanation:
(2^5/4)² = 4^5/2 = √4^5
Where are the choices to the problem??
what i don't understand why you think
ignore this my answer was wrong . Sorry
