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
daser333 [38]
3 years ago
8

HELLLLLLLLLLLLLLLLLLLLLLPPPPPPPPPPPPPP!!! 98POINTS

Mathematics
1 answer:
Mnenie [13.5K]3 years ago
8 0

Answer:

$1699.25

Step-by-step explanation:

Data:

                 Cost = $314 000

Down payment = 18 %

               Term = 20 yr

                       i = 5 %/yr  

Calculations:

(a) <em>Down payment </em>

Down payment = 314 000 × 0.18

                         = $56 520

(b) <em>Amount financed </em>

                  Cost = $314 000

-Down payment = <u>   56 520</u>

          Financed = $257 480

(c) <em>Monthly payments </em><em> </em>

The formula for the monthly payment (P) on a loan of A dollars that is paid back in equal monthly payments over n months, at an annual interest rate of i % is

P = A(\frac{i}{1-(1+i)^{-n}})

We must express the interest rate on a monthly basis.

I = 5 %/yr = 0.41 667 %/mo = 0.004 1667

n = 2 × 12 = 240 mo

P = 257 480(\frac{0.004 1667}{1 - (1+0.004 1667)^{-240}})

P = \frac{1072.83}{1- (1.004 1667)^{-240}}

P = \frac{1072.83}{1 - 0.368 645}

P = \frac{1072.83}{0.631 355}

P = $1699.25

Carlos' monthly mortgage payment will be $1699.25.

You might be interested in
How many seconds are there in 35 minutes?
Sergeu [11.5K]
2,100 seconds are in 35 minutes
6 0
3 years ago
Read 2 more answers
Please help!!! ***This is multiple choice!
svet-max [94.6K]

Answer:

0.6

Step-by-step explanation:

A probability is the likelihood of an event occurring. A probability function is a function in which at any point, its probability value can be estimated. The integral of the probability function is always ≤ 1

To find the probability that x = 2 or 3, we simply add their respective individual probabilities, therefore:

P(X = 2 or 3) = P(X = 2) + P(X = 3) = P(2) + P(3) = 0.5 + 0.1 = 0.6.

P(X = 2 or 3) = 6

5 0
4 years ago
Marking as brainliest !!!!!
Svet_ta [14]

Answer:

Slope= -9

Step-by-step explanation:

To find the slope, you need to find two points on the line, so it would be (-1,4) and (0,-5)

You can use the formula and substitute the coordinates

Y2-Y1/X2-X1

so...

-5-4/0-(-1)

-9/1=-9

or you can find the distance between both points and simplify if needed.

So you move 9 down, and one to the right

6 0
3 years ago
Read 2 more answers
What is the least common multiple of 8 and 12
geniusboy [140]
The answer is 24.........................
7 0
4 years ago
Read 2 more answers
You paint four walls. Each wall is a rectangle with a length of 20 feet and a height of 10 feet. One gallon of paint covers abou
Sphinxa [80]

Answer:

Step-by-step explanation:

20 x 10= 200 ft

1 gallon is 330 ft

paint 4 walls

200 x 4

800 ft/ 330

You would need 2.434 gallons of paint.

6 0
3 years ago
Other questions:
  • A school bus has 25 seats, with 5 rows of 5 seats. 15 students from the first grade and 5 students from the second grade travel
    10·1 answer
  • Joseph has $32.40. He wants to buy several comic books that each cost $2.70. How many comic books can he buy?
    15·1 answer
  • If f(x)= x^2 then f(a+b) is what
    8·1 answer
  • Expected Value (50 points)
    9·1 answer
  • On hiking trip,Lavinia notices that she hikes about 12 kilometers every 4 hours. If she continues at this rate,use a ratio table
    15·1 answer
  • There are 740 tickets purchased for a Major League Baseball game. The lower reserved tickets cost $9.50 and the upper reserve co
    12·1 answer
  • What is 2173÷3 please answer
    10·2 answers
  • Can someone help me out?
    5·2 answers
  • Q. If heights of 3rd graders follow a normal distribution with a mean of 52 inches and a standard deviation of 2.5 inches, what
    14·1 answer
  • The larger of 2 numbers is twice the smaller. Four more than the smaller number is the same as 6 less than the larger number. Fi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!