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
Does BBC live matter why or why not?
almond37 [142]

Answer:

THIS IS NOT A MATH QUESTION HOWEVER GIVE MY. ANSWER AS BRAINLIST ANSWER

3 0
2 years ago
Read 2 more answers
X2 +2x -15 factories using the ac method
jeka57 [31]

Answer:

Step-by-step explanation:

3 0
2 years ago
Geometry-
Nana76 [90]

Answer:

6x-21

Step-by-step explanation:

1) draw diagram (in image)

BD=2x-21+4x

combine Like terms

6x-21

7 0
3 years ago
5 in<br> 9 in<br> 10 in<br> Surface Area =
yKpoI14uk [10]

5*9*10= Surface Area

5 0
3 years ago
WHAT ARE THE SPECIFIC RULES FOR PROVING SIMILARITY IN TRIANGLES? EXPLAIN.
weeeeeb [17]

Answer:

AAA (Or even just two angles work too, since the last has to be the same no matter what) ASA and SSS

Step-by-step explanation:

I believe this is the same as before? As far as I know these are the main rules for proving similarity. (AAS and A** do not exist (Brainly won't let me say the two Ss), make sure no trick questions get you ;p)

I'm not sure if what you needed earlier was the relationships between angles to find them? Like to find Exterior Angles subtract <C from 180 = <EA?

4 0
3 years ago
Other questions:
  • Use synthetic division and the Remainder Theorem to find P(a).
    5·1 answer
  • 13 + 2 (5c - 2) = 29<br><br> please help &amp; explain how you get to the answer
    6·2 answers
  • 4y+12=6y+12<br> solve the equation
    11·2 answers
  • Aimee and Ben are purchasing a condominium and are financing $610,000. The mortgage is a 20-year 3/1 ARM at 4.15% with a cap str
    13·1 answer
  • Help me asap !!!!!!! please please please show ur work
    7·1 answer
  • Georgia is building a patio he estimates that he can install 8 square feet of bricks every quarter-hour. how many square feet do
    11·1 answer
  • A recipe for tropical punch calls for 2 cups of pineapple juice and 3 cups of orange juice. Jo creates a drink by mixing 3 cups
    11·2 answers
  • Solve for the variable <br> 10 + 25a = 75<br><br><br><br><br><br> Please help
    15·2 answers
  • What is 2+2 answer in simplest form XD
    7·2 answers
  • I need help with math
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!