1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Simora [160]
3 years ago
11

In the summer of 2014, the average listing price for homes for sale in the Hollywood Hills was $2,663,995.

Mathematics
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

  • monthly payment: $15,903.61
  • interest: $2,368,664.10

Step-by-step explanation:

a) The loan amount is 90% of the price shown, so is ...

  0.90 × $2,663,995 = $2,397,595.50

The monthly loan payment is given by the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

  A = $2,397,595.50(0.0525/12)/(1 -(1 +0.0525/12)^(-12·30))

  A = $13,239.61

The monthly escrow payment will be 1/12 of the annual amount:

  0.012 × $2,663,995 / 12 = $2664.00

So, the total monthly payment on the house will be ...

  $13,239.61 +2664.00 = $15,903.61

__

b) The sum of monthly loan payments is ...

  $13,239.61 × 360 = $4,766,259.60

so the interest on the $2,397,595.50 loan is ...

  $4,766,259.60 -2,397,595.50 = $2,368,664.10

You might be interested in
What is 0.375 as a fraction
juin [17]

Answer:

3/8 because 1/8 is .125 multiply by 3 and u get .375 aka 3/8

4 0
2 years ago
a nursery owner buys 7 panes of glass to fix some damage to her greenhouse. The 7 panes cost $16.45. Unfortunately, she breaks 2
kupik [55]

Answer:

It would be $ for 2 other planes of glass because if you take 7 divided by 7 to get 1 pane of glass you have to divide 16.45 by 7 to get how much it costs for 1 pane of glass. So for 1 pane of glass, it is $2.35 then lastly you can either add 2.35 and 2.35 to get $4.70 or take 2.35 times 2 to get your total. So it will cost $4.70 to get 2 panes of glass.

Step-by-step explanation:

7 0
2 years ago
Matt is running the family fun fair at school.He collected about $65 in donations each month for the 7 months he was planning th
QveST [7]
You do 7 x 65 dddddtghj
8 0
2 years ago
Algebra help (picture is included)
SVETLANKA909090 [29]
\boxed {\boxed {\text {Volume = base area x height}}}

Base Area = 2 x 2 = 4 cm²

Volume = 4 x 3.5 = 14 cm³

Answer: 14 cm
³
3 0
3 years ago
Amina and sara have £240 between them. they share the money 3:5. How much does Amina recieve?
Nata [24]

Answer:

90

Step-by-step explanation:

add the ratio 3+5 to get 8

amina received 3/8 of 240

perform the calculation 3/8×240

240/8=30. , 30×3=90

6 0
2 years ago
Other questions:
  • Arleen has a gift card for a local lawn and garden store. She uses the gift card to rent a tiller for 4 days. It cost $35 per da
    8·2 answers
  • Why can't 1.07 pounds of sugar be compared to 1.23 cups of sugar?
    7·1 answer
  • 75° 38 54<br> +24°52′15"
    7·1 answer
  • Pls helpppp lol :/ I’d really appreciate it !!
    13·1 answer
  • Please help 6th grade math please please help
    9·1 answer
  • Write an equation that models the data
    15·1 answer
  • Look at the image and please help out! I need an answer.
    15·2 answers
  • Which situation can be represented by y=12x?
    6·1 answer
  • Which of the following best describes the graphs below?
    14·1 answer
  • Pyramid A is a square pyramid with a base side length of 12 inches and a height of 9. Pyramid B has a volume of 1728 in^3. Use t
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!