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
Sedaia [141]
3 years ago
15

Miguel wants to buy a condominium. He has the choice of buying it now or renting it with the option to buy at the end of 3 years

. If he buys it now, it will cost him $6,000 to close and his mortgage payment will be $726 per month. If he rents, he must pay a move-in cost of one month's rent and a security deposit of $2,000. Miguel decides to rent because it is the cheapest option over the first 3 years. To the nearest dollar, what is the maximum amount of monthly rent payment he could pay?
a. $670
b. $782
c. $814
d. $837
Mathematics
2 answers:
Alenkasestr [34]3 years ago
8 0

Answer:

c. $814

Step-by-step explanation:

just answered this question right on assignment

kolbaska11 [484]3 years ago
5 0
Total amount paid if he bought = 6000 + 726(12 x 3) = 6000 + 726(36) = 6000 + 26,136 = 32,136
Total amount paid if he rents = 2000 + 37P, where P is the monthly rent

For renting to be cheaper
2000 + 37P < 32,136
37P < 32136 - 2000 = 30136
P < 30136 / 37 = 814.49

Therefore, the maximum rent he could pay is $814
You might be interested in
What is the length of the diagonal of a square with a side that measures 11 centimeters
timofeeve [1]
A square has 4 equal sides
use pythagroeas theorem since a square has 4 right angles

a^2+b^2=c^2
a=b because the sides are equal (11)

11^2+11^2=c^2
242=c^2
square root both sides
11√2=c

the diagonal legnth is 11√2 centimiters
4 0
3 years ago
(**15 POINTS**)
bonufazy [111]

Answer:

0.6x = 87

Step-by-step explanation:

Hi, to answer this question we have to write en equation:

We have to multiply the variable x by the percentage given (60%) in decimal form (divided by 100). That expression must be equal to 87.

Mathematically speaking:

x (60/100) = 87

0.6x = 87

Feel free to ask for more if needed or if you did not understand something.

8 0
3 years ago
How can I find out how to divide 1/2
borishaifa [10]
Divide one half by what
IF your talking about this
100 divided by 1/2 then it would be 50 and all i did was put the multiply 100 by .5


6 0
3 years ago
Read 2 more answers
Helpp Its for calculus
Troyanec [42]

Answer:

its 18

Step-by-step explanation:

7 0
2 years ago
Read 2 more answers
What is the slope of y=-6x-3
maks197457 [2]
+3 . I think, hope this helps
8 0
3 years ago
Read 2 more answers
Other questions:
  • 2) Solve the following equation for x: 2(x-5) = 36<br> A) 15.5 В) 23 С) 18<br> D) 13
    6·2 answers
  • Please help me with this math problem.
    5·1 answer
  • Plastic Knives are sold in packs of 18 for 45p. Plastic Forks are sold in packs of 15 for 41p. Jace wants to buy the same number
    7·1 answer
  • Small dot placed between ones and tenths
    5·2 answers
  • Maria has 90$ in a saving account.The interest rate rise a 5% compounded annually.to the nearest cent, how much will he have in
    14·1 answer
  • What is the circumference of this circle
    9·2 answers
  • Hank's car travels 600 feet in 20 seconds. Andy's motorcycle travels 300 feet in 12 seconds. Which is faster, the car or the mot
    7·2 answers
  • Suppose that in a random selection of 100 colored candies, 21% of them are blue. The candy company claims that the percentage of
    10·1 answer
  • There is maybe be answer two
    5·2 answers
  • Consider the quadratic equation x3 = 48-5. How many solutions does the equation have?
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!