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.
Step-by-step explanation:
the solution is in the picture
Answer:
The slope is POSITIVE.
The line has a slope of positive 4/3
Step-by-step explanation:
It rises 4 then runs 3.
3y+(-y+3)=5
2y+3=5
2y=2
y=1
x=-(1)+3
x=2
Your answer is (2,1)
Hope this helps