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3 years ago

ANYBODY PLZ HELP WILL GIVE BRAINLIEST

Mathematics

1 answer:

Dmitriy789 [7]3 years ago

7 0

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user100 [1]

The total interest on the mortgage loan is $219,249.60

What is a mortgage loan?

It is a loan taken in order to purchase a property that requires periodic repayments such as monthly repayment since most mortgages are repaid monthly.

Our first task is to determine the monthly repayment using the present value formula of an ordinary annuity because the monthly payment becomes due at the end of each month.

PV=monthly repayment*(1-(1+r)^-N/r

PV=loan amount=$210,000

monthly repayment=unknown(assume it is X)

r=monthly interest rate=5.5%/12=0.00458333333333333

N=number of monthly payments in 30 years=30*12=360

$210,000=X*(1-(1+0.00458333333333333)^-360/0.00458333333333333

$210,000=X*(1-(1.00458333333333333)^-360/0.00458333333333333

$210,000=X*(1-0.19277525234572900)/0.00458333333333333

$210,000=X*0.80722474765427100/0.00458333333333333

$210,000=X*176.12176312456800000

X=$210,000/176.12176312456800000

X=monthly payment=$1,192.36

total repayments(360 months)=$1,192.36*360

total repayments(360 months)=$429,249.60

Total interest=total repayments(360 months)-loan amount

Total interest=$429,249.60-$210,000

Total interest=$219,249.60

Find more on mortgage payment on:brainly.com/question/22846480

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7 0

2 years ago

Find measure of angle BDC

Liula [17]

The 2 angles are complemantary or form right angles so $-3x+20-2x+55=90=-5x+75=90=-5x=15
$ so $x=3$ . Plugging that into BDC we get 11

4 0

3 years ago

Taylor buys 2 gallons of milk for $5.50. What is the cost per gallon

Vanyuwa [196]

Answer:

its 2.75 for one gallon

5 0

2 years ago

The equation's X-y= 2, -2y=-2, X+ y = 2, and x+2y=-2 are shown on the graph below.

ziro4ka [17]

Answer:

A.) x-y=2 and x+2y=-2

Step-by-step explanation:

For option A, we have:

x-y=2

x+2y=-2

Subtract the first equation from the second, to get:

2y--y=-2-2

This implies that:

2y+y=-2-2

Simplify to get:

3y=-4

Divide both sides by 3 to get:

$y = - \frac{4}{3} = - 1.3$

We substitute y=-1.3 into the first equation to get:

x--1.3=2

x+1.3=2

x=2-1.3

x=0.7

The solution is (0.7,-1.3), which is approximately (0.7, -1.4)

By inspection, all the other factors have solutions not close to (0.7, -1.4)

3 0

3 years ago

Read 2 more answers

A rectangular play area is 8 yards long. The expression 56+8x represents the area of the play area in square yards. What express

VikaD [51]

Answer:

w = 7 + x

Step-by-step explanation:

The formula for the area of a rectangle is

A = lw

56 + 8x = 8w

Divide both sides by 8

w = 7 + x

4 0

3 years ago