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
Using the relation between velocity, distance and time, it is found that t = 3 hours.
<h3>What is the relation between velocity, distance and time?</h3>Velocity is <u>distance divided by time</u>, hence:
For this problem, the parameters are given as follows:
d = 15 miles, v = 5 mph
Hence the time in hours is found as follows:
5t = 15
t = 15/5
t = 3 hours.
More can be learned about the relation between velocity, distance and time at brainly.com/question/24316569
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