If the purchase price for a house is $309,900, what is the monthly payment if you put 20% down for a 30 year loan with a fixed r
ate of 6%? a. $729.98 b. $912.48 c. $1,486.41 d. $1,858.01
1 answer:
309,900.00
<span>-61,980.00 20% down
</span> <span> <span> <span> 247,920.00 </span> </span> </span>
rate = (6 / 1,200) = .005
months = 360
(See attached for loan payment formula)
Monthly Payment = [.005 + .005 / ((1.005^360)-1)] * 247,920.00
Monthly Payment = [.005 + .005 / ((<span> <span> <span> 6.02257521226299)-1)] * 247,920.00
</span></span></span>Monthly Payment = [.005 + (.005 / <span>5.02257521226299)] * 247,920.00
</span>Monthly Payment = [.005 + <span> <span> <span> 0.0009955053 </span> </span> </span> ] * 247,920.00
Monthly Payment = [ <span> <span> <span> 0.0059955053 ] * 247,920.00
</span></span></span>Monthly Payment = <span> <span> <span> 1,486.41 </span> </span> </span>
answer is "c"
<span><span /></span>
<span>-61,980.00 20% down
</span> <span> <span> <span> 247,920.00 </span> </span> </span>
rate = (6 / 1,200) = .005
months = 360
(See attached for loan payment formula)
Monthly Payment = [.005 + .005 / ((1.005^360)-1)] * 247,920.00
Monthly Payment = [.005 + .005 / ((<span> <span> <span> 6.02257521226299)-1)] * 247,920.00
</span></span></span>Monthly Payment = [.005 + (.005 / <span>5.02257521226299)] * 247,920.00
</span>Monthly Payment = [.005 + <span> <span> <span> 0.0009955053 </span> </span> </span> ] * 247,920.00
Monthly Payment = [ <span> <span> <span> 0.0059955053 ] * 247,920.00
</span></span></span>Monthly Payment = <span> <span> <span> 1,486.41 </span> </span> </span>
answer is "c"
<span><span /></span>
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Answer:
See attachment
Step-by-step explanation:
A function is given to us and we need to tell which graph represents the given function. The function given to us is,
Let's find out at which points do the graph Intersects x axis / finding the roots. For that substitute f(x) = 0 , we have ,
Equate each factor by 0 ,
Therefore the graph will intersect x axis at x is equal to -1 and x is equal to -3 .
On looking at the given graphs in the options the second graph intersects x axis at -1 and -3 .
<u>Hence</u><u> </u><u>the </u><u>second</u><u> </u><u>option</u><u> </u><u>is </u><u>correct</u><u> </u><u>.</u><u> </u>
{ See attachment }
