Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Answer:
x = 9/2.
Step-by-step explanation:
2/3 x + 4 = 7
2/3 x = 3
Multiply both sides by 3/2:
2/3 * 3/2 x = 3 * 3/2
x = 9/2.
Answer:
y = - 8
Step-by-step explanation:
y - 16 - 3y = 0
Group like terms
y - 3y - 16 = 0
Add similar elements: y - 3y = - 2y
- 2y - 16 = 0
Add 16 to both sides
- 2y - 16 + 16 = 0 + 16
Simplify
- 2y = 16
Divide both sides by - 2
= 
Simplify : y
Apply the fraction rule: 
= 
Divide the numbers: 
= y
Simplify : - 8
Apply the fraction rule:
Divide the numbers: 
= 8
= - 8
y = - 8
Your answer is highlighted!
~Good Luck~
