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FrozenT [24]
3 years ago
6

A condo in Culver City, California, listed for $1.4 million with 20% down and financing at 5% for 30 years. What's the monthly p

ayment?
Mathematics
2 answers:
julia-pushkina [17]3 years ago
7 0

Answer:

Step-by-step explanation:

$6,014.40

melomori [17]3 years ago
5 0
$6,387.40 per month. <span>The following formula is used to calculate the fixed monthly payment (P) required to fully amortize a loan of L dollars over a term of n months at a monthly interest rate of c.</span> P = L[c(1 + c)^n]/[(1 + c)^n - 1]
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Answer:

y = 6x - 47

or

6x - y - 47 = 0

Step-by-step explanation:

y -  y_{1} = m(x -  x_{1} ) \\  \\ plug \: x_{1} = 7 \\  y_{1} =  - 5 \\ m = 6 \: in \: the \: above \: equation \\ y - ( - 5) = 6(x - 7) \\  \\ y + 5 = 6x - 42 \\  \\ y = 6x - 42 - 5 \\  \\ y = 6x - 47 \\  \\ or \: 6x - y - 47 = 0

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3 years ago
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nikklg [1K]
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5 0
3 years ago
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The tennis team is selling tickets to wash for six dollars. And they don't do not sell very much tickets, the team decreases the
schepotkina [342]

Answer:

The new cost of tickets after decrease of price at 23 % rate is $ 4.62

Step-by-step explanation:

Given as :

The initial cost of the selling tickets = $ 6

Let The final cost of selling tickets = $ x

The rate of decrease of ticket price = 23 %

Now,

The final cost of tickets = initial cost of tickets × ( 1 - \dfrac{\textrm rate}{100} )

or, $ x = $ 6 × ( 1 - \dfrac{\textrm 23}{100} )

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∴ x = $ 4.62

So decrease price = x = $ 4.62

Hence The new cost of tickets after decrease of price at 23 % rate is $ 4.62 Answer

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4 years ago
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