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bulgar [2K]
3 years ago
11

Mandy obtains a $155,000 20/6 balloon mortgage with a rate of 4.25%. What will her monthly payments be?

Mathematics
1 answer:
elena55 [62]3 years ago
4 0

Answer:

The answer to the question is

Her monthly payments will be $279.98

Step-by-step explanation:

To solve the question we apply the equation for  monthly payments as follows

Fixed monthly mortgage repayment formula is

A = P*r*\frac{r(1+r)^n}{(1+r)^n -1}

Where

A = Payment amount per month

r = interest rate = 4.25 %

n = number of months = 20×12 months or 240 months

P = Mortgage value = $155,000

Therefore A = (0.0425)(155000)\frac{0.0425(1+0.0425)^{240}}{(1+0.0425)^{240} -1} = $279.98

For balloon mortgage the loan balance is paid off or refinanced at the end of the loan term

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Mrs. Nestler enjoys listening to classical music. She has the following audio CDs by her favorite composers in her collection: 4
ivolga24 [154]

Answer:

10.55% probability

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

The order in which the CDs are chosen is not important. So we use the combinations formula to solve this question.

1 Bach CD, from a set of 4.

1 Beethoven CD, from a set of 6.

1 Brahms CD, from a set of 3.

1 Handel CD, from a set of 2.

So, D=144

4 CDs from a set of 4+6+3+2 = 15.

So, T= 1365

p= D/T= 144/1365 = 0.1055

10.55% probability that she will choose one by each composer

4 0
3 years ago
Find the capitalization rate on a building that is worth $430,000, and rents for $1,500 a month.
jonny [76]
U times 1500 times 12
8 0
3 years ago
a class survey showed 8 out of 25 students had plans to travel over spring break. how many students out of the 400 students in t
tangare [24]
Traveling : total
8 : 25
x : 400 

25 x 4 = 400 so 8 x 4 = 40 so the answer is 40. 
5 0
3 years ago
If x² + x² + x² = 6, what is x?
max2010maxim [7]

Answer:

Square root of 2

Step-by-step explanation:

3x²=6

Divide each side by 3: 3x² ÷ 3=6÷3

X²=2

Then square root each side

So answer is square root of 2

8 0
3 years ago
Read 2 more answers
¿Cuál de las siguientes funciones es una función constante? a. Y=x+1 b. Y=x+2 c. X=y+3 d. Y=3
goldenfox [79]

Answer:

Option D y=3

Step-by-step explanation:

The question in English is

Which of the following functions is a constant function?

we know that

A <u>constant function</u> is a function whose output value is the same for every input value

so

<u><em>Verify each case</em></u>

case A) y=x+1

This is not a constant function, this is a linear equation

Is a function whose output value is different for every input value

case B) y=x+2

This is not a constant function, this is a linear equation

Is a function whose output value is different for every input value

case C) x=y+3

This is not a constant function, this is a linear equation

Is a function whose output value is different for every input value

case D) y=3

This is a constant function

Is a function whose output value is the same for every input value

3 0
3 years ago
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