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AVprozaik [17]
3 years ago
5

Rebecca and Tom Payton have decided to buy a home that costs $200,000. The Paytons can put down 20% of the home's price. They ha

ve applied for a 15-year, 9% FRM to finance the balance. They Paytons have a combined gross annual income of $70,000. Answer the following questions about the Payton's decision.
What is the maximum amount the Paytons should pay each month, according to the 28% rule given in the Background Information in Day 1 of Project 2?
Mathematics
1 answer:
disa [49]3 years ago
4 0
M = P * i (1+i)^n / ((1+i)^n − 1)

where:
M = Mortgage payment
P = Principal amount = $200,000 * 0.80 = $160,000
i = interest rate = 0.09/12 = 0.0075
n = number of payments = 12*15 = 180
M = $160,000 * 0.0075 * 1.0075^180 / (1.0075^180 − 1)
M = $1622.8265
Total paid = 180 * $1622.8365 = $292,108.77
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Please help me
galina1969 [7]

Answer:

Your answer is.....

In every big pieces there will be 3 * 1/3 pieces.

So total 12 of 1/3 pieces

Mark it as brainlist answer . follow me for more answer.

Step-by-step explanation:

7 0
2 years ago
3 times what equal 19?
MissTica

Answer:

6 1/3

Step-by-step explanation:

3 times what equals 19 can be in the form of an equation as shown below. It shows that the value we are finding for is unknown, therefore it is a variable. A variable is the unknown value in an equation.

Equation: 3x = 19

With the equation in hand, we can now solve the problem easily.

3x = 19

Carry the 3 to the 19(Carry over the like terms across leaving the variable or the unknown)

x = 19÷3

x = 6.33333 or 6 1/3

To check if the answer was correct:

3 × 6 1/3 = 19

You regain the answer <em>19</em>

4 0
3 years ago
Read 2 more answers
Two competitive neighbours build rectangular pools that cover the same area but are different shapes. Pool A has a width of (x +
GenaCL600 [577]

<u>Answer: </u>

a)Dimensions of pool A are length = 6.667m and width = 3.667 m and dimension of pool B are length = 7.333m and width = 3.333m.

b) Area of pool A is equal to area of pool B equal to 24.44 meters.

<u> Solution: </u>

Let’s first calculate area of pool A .

Given that width of the pool A = (x+3)  

Length of the pool A is 3 meter longer than its width.

So length of pool A = (x+3) + 3 =(x + 6)

Area of rectangle = length x width

So area of pool A =(x+6) (x+3)        ------(1)

Let’s calculate area of pool B

Given that length of pool B is double of width of pool A.

So length of pool B = 2(x+3) =(2x + 6) m

Width of pool B is 4 meter shorter than its length,

So width of pool B = (2x +6 ) – 4 = 2x + 2

Area of rectangle = length x width

So area of pool B =(2x+6)(2x+2)        ------(2)

Since area of pool A is equal to area of pool B, so from equation (1) and (2)

(x+6) (x+3) =(2x+6) (2x+2)    

On solving above equation for x    

(x+6) (x+3) =2(x+3) (2x+2)  

x+6 = 4x + 4    

x-4x = 4 – 6

x = \frac{2}{3}

Dimension of pool A

Length = x+6 = (\frac{2}{3}) +6 = 6.667m

Width = x +3 = (\frac{2}{3}) +3 = 3.667m

Dimension of pool B

Length = 2x +6 = 2(\frac{2}{3}) + 6 = \frac{22}{3} = 7.333m

Width = 2x + 2 = 2(\frac{2}{3}) + 2 = \frac{10}{3} = 3.333m

Verifying the area:

Area of pool A = (\frac{20}{3}) x (\frac{11}{3}) = \frac{220}{9} = 24.44 meter

Area of pool B = (\frac{22}{3}) x (\frac{10}{3}) = \frac{220}{9} = 24.44 meter

Summarizing the results:

(a)Dimensions of pool A are length = 6.667m and width = 3.667 m and dimension of pool B are length = 7.333m and width = 3.333m.

(b)Area of pool A is equal to Area of pool B equal to 24.44 meters.

5 0
3 years ago
What is slope intercept
Aliun [14]

Answer:

Slope Intercept is the equation of a straight line in the form y = mx + b where m is the slope of the line and b is its y-intercept.

Step-by-step explanation:

3 0
3 years ago
What is 3/5 and 1/2 by using common denominator
gulaghasi [49]

6/10 and 5/10

The common denominator is 10

3 0
3 years ago
Read 2 more answers
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