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
Kruka [31]
3 years ago
6

Terrance Jacobs is looking for a larger home. Jacobs offers $205,000 for a fourbedroom house and the seller accepts. Jacobs wish

es to make a 15 percent down payment and finance the remaining amount through the mortgage company. What is the amount of his mortgage loan?
Mathematics
1 answer:
dalvyx [7]3 years ago
7 0

Answer:

<u>Terrance will need a mortgage loan of US$ 174,250</u>

Step-by-step explanation:

1. Let's review the information given to solve the question.

Value of the house Terrance Jacobs is going to buy = US$ 205,000

Down payment Terrance can afford = 15% of the value of the house

Down payment Terrance can afford = 15% of US$ 205,000

Down payment Terrance can afford = 15% * 205,000

<u>Down payment Terrance can afford = US$ 30,750</u>

2. For finding the amount of the mortgage loan Terrance need for buying the house, we should do this:

Amount of mortgage loan = Value of the house - Down payment

Amount of mortgage loan = 205,000 - 30,750

<u>Amount of mortgage loan = US$ 174,250</u>

<u>Terrance will need a mortgage loan of US$ 174,250</u>

You might be interested in
What is the slope of the line represented by the equation 2x+3y= –122x+3y= –12 ?
atroni [7]
The answer to your question is <span>B.-2/3</span>
4 0
3 years ago
Read 2 more answers
Daniel is organizing his rock collection of 18 rocks into equal groups.how many possible ways can Daniel line up his rock collec
Lunna [17]

Answer:

The possible ways Daniel line up his rock collection are {2, 3, 6 and 9}.

3 0
3 years ago
50,000 contestants participate in an on-line game. The game randomly eliminates 20% of the contestants each day. Determine the n
irga5000 [103]

Answer:10,486 contestants

Step-by-step explanation:

First day:

Total number of contestants at the beginning = 50,000

After first day, 20% 0f 50,000 are removed.

That is, (20/100)×50,000 = 10,000

Contestants remaining after first day = 50,000-10,000 = 40,000

Second day:

Contestants= 40,000

20% removed

That is (20/100)×40000=8000

Balance =40000-8000=32,000

Third day:

Contestants= 32000

20% removed

That is (20/100)×32000=6400

Balance =32000-6400=25,600

Fouth day:

Contestants= 25,600

20% removed

That is (20/100)×25,600=5,120

Balance =25,600-5,120=20,480

Fifth day:

Contestants= 20,480

20% removed

That is (20/100)×20,480=4096

Balance =20,480-4096=16,384

Sixth day:

Contestants= 16,384

20% removed

That is (20/100)×16,384=3276.8

Balance =16,384-3276.8=13,107.2

Seventh day:

Contestants= 13,107.2

20% removed

That is (20/100)×13,107.2=2621.44

Balance =13107.2-2621.44=10485.76

Therefore, number of contestants remaining after one week equals 10,486.

6 0
3 years ago
Lena buys 12 cans of soft drinks and 11 sandwiches for a picnic. Patrick buys 10 cans of soft drinks and 7 sandwiches for the sa
Rudiy27
The answer would be 22c + 18s
7 0
3 years ago
Read 2 more answers
What is the solution to the equation 13.7y = 6.2y + 30?
ICE Princess25 [194]

Answer:

it's 4

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • WILL GIVE BRAINLIEST... GEOMETRY HELP PLEASE... I'm behind and need to catch up... In parallelogram DEFG, DH = x + 5, HF = 2y, G
    7·2 answers
  • Five times a number (n) subtracted from 50 is 15
    6·2 answers
  • Name the following segment or point. Given: L, M, N are midpoints median to segment BL segment AS segment AM.
    5·1 answer
  • Which number produces a rational number when added to 0.5
    15·1 answer
  • Erica wants to know how many books on average are in school libraries in her county. She randomly calls 50 school libraries in h
    12·2 answers
  • What is the square root of 9
    11·2 answers
  • What is the approximate area in square feet of the stained glass<br>​
    5·2 answers
  • What are the coordinates of point P?
    5·2 answers
  • What is (7x-10y)-(8x-7y) subtract binomials
    11·2 answers
  • In the figure R is between Q and S and S is between R and T . If RT = 15 , RS = 7 , and QT = 18 , find QS
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!