Answer:
$1166.08 is the monthly payment for the mortgage per month.
Step-by-step explanation:
The meaning of this stated formula on the statement is the present annuity formula because we will have future monthly payments on the mortgage of the house in which they pay off the present value of the house which is $240000 x 80% = $ 192000 as this amount will excludes the down payment of 20% that is made.
We are given Pv the present value which excludes the down payment $192000.
We have the interest rate i which is 1.2%/12 as it is compounded monthly.
n is the number of payments made over a period which is 12 x 15 years= 180 payments as it is compounded monthly.
no we substitute the above mentioned information to the present value annuity formula stated to calculate R the monthly payment:
Pv = R[(1-(1+i)^-n)/i]
$192000 = R[(1-(1+(1.2%/12))^-180)/ (1.2%/12)] divide both sides by the coefficient of R
$192000/[(1-(1+(1.2%/12))^-180)/(1.2%/12)] = R
$1166.08 =R which this is the amount that will be paid for the mortgage every month for 15 years.
0.25 " = 1 '
6.75 " = (6.75 / 0.25) = 27 '
4.50 " = (4.50 / 0.25) = 18 '
bedroom is : 27 ' by 18 '
Answer:
There are 15600 ways to pick a password
Step-by-step explanation:
We have 26 possibilities to pick a letter. So, we have 26 possibilities for the first component of the password. The second letter should be different from the first one, so we have one less possibility, giving us a total of 25, and for the third letter we have 24.
This gives us 26*25*24 = 15600 ways of picking a password.
