The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
So you would draw an array and then subtract 1 from each side!
hope that helped
Answer:
63,000 milligrams
Step-by-step explanation:
there are 1,000 milligrams in one gram. So, 63 x 1,000 = 63,000
Answer:
54
Step-by-step explanation:
A tangent line makes a right angle with the radius to the point of tangency. Hence this triangle is a right triangle, and x° is the complement of 36°:
x° = 90° -36° = 54°
The value of x is 54.
9514 1404 393
Answer:
24
Step-by-step explanation:
Let d represent Donald's age now. Then Natali's age now is d+38. The age relationship 5 years ago was ...
(d+38) -5 = 3(d -5)
d +33 = 3d -15 . . . . . eliminate parentheses
48 = 2d . . . . . . . . . . . add 15-d
24 = d . . . . . . . . . . . . . divide by 2
Donald is 24 years old now.
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<em>Alternate solution</em>
You can also work this by considering that 5 years ago, Natalie's age was more than Donald's age by twice Donald's age then. Hence Donald was 38/2 = 19 at that time. Now, Donald is 19+5 = 24.
