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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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HELP NEEDED ASAP!!! PLEEEEASE HELP!!!
olganol [36]

Answer:

24

Step-by-step explanation:

what is the smallest number which is a multiple of both 8 and 12? so, an multiple of 8 must have 2 as a factor at least 3 times. Similarly, multiples of 12 have at least two 2's and one 3. so we need 2x2x2x3 or 24 if every factor is to be included.

I'm not the best at explaining but you can search google to get the better Idea.

(btw this is for the fist question)

6 0
3 years ago
4 questions 20 points
Dvinal [7]
1. Cross multiply
35x = 5(11)
35x = 55
Divide both sides by 35
x = 55/35
x = 11/7

2.  (x - 2)/x = 3/8
Cross multiply
3x = 8(x - 2)
3x = 8x - 16
Subtract 8x from both sides
-5x = -16
divide both sides by -5
x = -16/-5
x = 16/5 OR  3 1/5

3.  (a + 1)/(a - 1) = 5/6
cross multiply
6(a + 1) = 5(a - 1)
distribute
6a + 6 = 5a - 5
subtract 5a from both sides
a + 6 = -5
subtract 6 from both sides
a = -11

4.  (1/3)x - 4 = (2/3)x + 6
multiply each term by 3 to clear the fractions
x - 12 = 2x + 18
subtract x from both sides
-12 = x + 18
subtract 18 from both sides
-30 = x


3 0
3 years ago
Which model represents −8 + 3
pychu [463]

C will be the answer... its ur boi C bandzzzzzzz

8 0
3 years ago
What is the slope of the line that contains the points (4,-1) and (-1,4)
Anna11 [10]

Answer:

the slope is -1

Step-by-step explanation:

To find the slope, we use the formula

m = (y2-y1)/ (x2-x1)

   = (4--1)/ (-1-4)

   = (4+1)/(-5)

  = 5/-5

  = -1

3 0
3 years ago
A sign company charges $28 per yard for each custom-made banner. Ms.Gill orders two banners that are each 178 yards long, and on
zhuklara [117]

Given,

A sign company charges $28 per yard for each custom-made banner.

Ms.Gill orders two banners that are each 178 yards long, and one banner that is 258 yards long.

To find,

Total money paid by Ms. Gill.

Solution,

Total length of 2 banners of 178 yards = 356 yards

Third banner is 258 yards long.

Total length of the banners = 356 + 258

= 614 yards

The cost of each banner = $28 per yards.

Total amount paid by Ms. Gill is :

= $28 × 614

= $17,192

Hence, she will pay $17,192 for all the three banners.

8 0
2 years ago
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