Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
You solve for y and get
y=3/4x-5
Slope is 3/4
Y intercept is -5
Answer:
x = 7
Step-by-step explanation:
There is a total of 180 degrees in a triangle. To solve you add the other angles and set = to 180 then solve for x
180 = 33 + 90 + 7x +8
172 = 33 + 90 + 7x
139 = 90 +7x
49 = 7x
7 = x
Answer:
1 sick chick FIL a have to be there by the time
150 grams because 5 oz is equal to 141 grams