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
olga_2 [115]
3 years ago
6

Kate and Ashton have been approved for a $150,000 30-year mortgage with an APR of 5.5%. How much is their monthly payment?

Mathematics
1 answer:
cupoosta [38]3 years ago
6 0

Their payment can be computed using the formula for amortization.

... A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . . where ...

... ... P is the principal amount of the loan, r is the annual rate, t is the number of years, A is the monthly payment.

Filling in your values, this becomes ...

... A = 150,000·(0.055/12)/(1 -(1 +.055/12)^(-360))

... A ≈ 851.68

Their monthly payment is $851.68.

You might be interested in
Olive oil costs £3.50 for 1 litrehow much 200 ml of olive oil cost
Nookie1986 [14]
1000 ml costs £3.50
200 is 1/5 of 1000 so it will be £0.7
4 0
3 years ago
Read 2 more answers
Ratio of centimeters over inches
kolbaska11 [484]
The ratio is 0.394 cm. / 1 in.
6 0
3 years ago
Read 2 more answers
9(9h + 4b + 9), for h = 7 and b = 3<br><br> Evaluate
irakobra [83]
So, when adding in the 7 and 3 the new equation is:
9{(9x7)+(4x3)+9}

Following pemdas, you have to do parenthesis first. So now the equation is:
9(63+12+9)

Now distribute the 9:

567 + 108 + 81

And finally solve as a normal addition problem:

567 + 108 + 81= 756

So, the answer is 756.


I hope this helps:)
6 0
4 years ago
Which fraction is greater 7 out of 11 or eight out of 11
Ahat [919]

Answer:

8 out of 11

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Match the lengths of the hypotenuse and one leg of a right triangle to the length of the other leg.
Lynna [10]
1. D
2. B
3. A
4. C
Basically always use a^2 + b^2 = c^2 it gives you your A and C so subtract your A from you C and you have your B
3 0
3 years ago
Other questions:
  • Can someone please help me
    10·2 answers
  • Aidan has four cards with +, –, ×, ÷ printed on them.
    9·1 answer
  • What is the approximate circumference of a circle with a diameter of 500 kilometers? Use π ≈ 3.14.. . A.. 785 kilometers. . B..
    8·2 answers
  • can you assume that any fraction is in simplest form if either the numerator or denominator is a prime number?
    7·2 answers
  • Graph these transformations. ( click on the picture )
    13·1 answer
  • a spinner with 4 colors is spun for total of 50 trials yellow was selected 10 times what is the exprimental probability of the s
    6·1 answer
  • (0,8)<br> (-2,0). What is the equation of the linear graph shown?
    5·1 answer
  • Help ASAP <br> √3 (5 + √2)
    14·2 answers
  • What is 673/3 as a mixed number!?
    14·2 answers
  • How to change 7/10 to a percent
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!