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myrzilka [38]
3 years ago
7

What is the distributive property to express 16 48?

Mathematics
1 answer:
Norma-Jean [14]3 years ago
5 0
So, I will un-distribute the GCF of the two numbers. 16(1 + 3) Distributing we get: 16(1) + 16(3) 16 + 48
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HELP URGENT PLEASE! The Lees have purchased a new home for $360,000, and put a down payment of $50,000 on it. They have a mortga
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Answer:

$191,340.80

Step-by-step explanation:

Step 1

We find the amount that is paid monthly by the Lee's

We are told in the question that:

Cost of the house =$360,000

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We are also told, the balance left after the down payment was made = Mortgage that is amortized at an

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Formula for monthly payment =

M= P[r(1+r)^n/((1+r)^n)-1)]

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Formula for monthly payment =

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M = 310,000[0.004375(1 + 0.004375)^240/((1 + 0.004375)^240 ) - 1]

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Therefore, the monthly payment by the Lee's is $2,088.92

Step 2

We calculate the Total Amount paid by the Lee's in 20years because we are told in the question that they paid off their mortgage after 20 years

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Step 3

The third and final step is to calculate the Total interest paid for 20 years

Total Interest = Total amount paid - Mortgage amount

= $501,340.80 - $310,000

Total Interest: $191,340.80

Therefore,the interest will they have paid in total is $191,340.80

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