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Finger [1]
4 years ago
6

Brandon has a 15-year fixed rate mortgage for $175,000 with monthly payments of $1,480.97. The annual interest rate is 6%. What

is the total cost of the principal and interest for this loan rounded to the nearest dollar
Mathematics
1 answer:
mylen [45]4 years ago
4 0
Amortization Solution:

A= P[[r(1+r)^n]/[((1+r)^n)-1)]]
P= $175,000
r= .06/12; divide interest rate by 12 to get monthly interest  of 0.005
n=15*12=180; multiply by 12 to get the total number of payments
A= $87500  is the total cost of principal with interest rate of 0.5% monthly
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maxine took out a loan for $3200 at 8% interest, compounded annually. if she makes yearly payments of $250, will she ever pay of
UkoKoshka [18]

Solution:

As per the problem

Maxine took out a loan for $3200 at 8% interest, compounded annually.

she makes yearly payments of $250.

she will be able to Payoff her loan iff yearly payments made is greater than yearly interest.

Interest payable in first year =3200(1+0.08)-3200=3200*1.08-3200\\

Interest payable in first year=3456-3200=256

This payable interest will goes on increasing year on year.

Hence Maxine will never payoff the loan.

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Sauron [17]

Answer:

I believe the answer is D

Step-by-step explanation:

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3 years ago
What is the formula for the area of a triangle?
Semmy [17]

Answer:  c. (1/2) bc sin A

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4 years ago
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Rewrite the expression 4+<img src="https://tex.z-dn.net/?f=%5Csqrt%7B16-%284%29%285%29%7D" id="TexFormula1" title="\sqrt{16-(4)(
Inessa05 [86]

Answer:

2+i

Step-by-step explanation:

Given the expression:

\dfrac{4+\sqrt{16-(4)(5)}}{2}

To find:

The expression of above complex number in standard form a+bi.

Solution:

First of all, learn the concept of i (pronounced as <em>iota</em>) which is used to represent the complex numbers. Especially the imaginary part of the complex number is represented by i.

Value of i =\sqrt{-1}.

Now, let us consider the given expression:

\dfrac{4+\sqrt{16-(4)(5)}}{2}\\\Rightarrow \dfrac{4+\sqrt{16-(4\times 5)}}{2}\\\Rightarrow \dfrac{4+\sqrt{16-20}}{2}\\\Rightarrow \dfrac{4+\sqrt{-4}}{2}\\\Rightarrow \dfrac{4+\sqrt{(-1)(4)}}{2}\\\Rightarrow \dfrac{4+\sqrt{(-1)}\sqrt4}{2}\\\Rightarrow \dfrac{4+\sqrt4i}{2} \ \ \ \ \ (\because \sqrt{-1} =i) \\\Rightarrow \dfrac{4+2i}{2}\\\Rightarrow 2+i

So, the given expression in standard form is 2+i.

Let us compare with standard form a+bi so we get a =2, b =1.

\therefore The standard form of

\dfrac{4+\sqrt{16-(4)(5)}}{2}

is: \bold{2+i}

8 0
3 years ago
What is 95x9 divided by 14?
SIZIF [17.4K]

Answer:

213.75

Step-by-step explanation:

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855÷4=213.75

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2 years ago
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