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
Natasha2012 [34]
3 years ago
15

2. Kerry has a $1,973-per-month mortgage payment. He decides to refinance his $204,000 balance at 5% over 20 years. What's his n

ew monthly payment?
Mathematics
1 answer:
klemol [59]3 years ago
5 0

The formula for the amount of a monthly payment A on principal amount P at interest rate i loaned for t years is given by

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

Filling in the given values, this is

... A = $204000(.05/12)/(1 -(1 +.05/12)^(-12·20)) ≈ $1346.31

You might be interested in
Help me please this is urgent
zmey [24]

Answer: the answer is C

Step-by-step explanation:

3 0
2 years ago
HELP! 20 POINTS!<br> Please answer the questions on the picture!
svetoff [14.1K]
Option one for the first question would be best because it is 2500 greater. Option 1 is 80000 while option 2 is only 77500.

5 0
3 years ago
On a quiz show, Linda won $10 less than three times as much as Charlie. If Linda won $800, how much did Charlie win?
PilotLPTM [1.2K]

Using a system of equations, it is found that Charlie won $270.

<h3>What is a system of equations?</h3>

A system of equations is when two or more variables are related, and equations are built to find the values of each variable.

In this problem, the variables are:

  • Variable x: Amount earned by Linda.
  • Variable y: Amount earned by Charlie.

Linda won $10 less than three times as much as Charlie, hence:

x = 3y - 10

Linda won $800, hence the amount won by Charlie is found as follows:

800 = 3y - 10

3y = 810

y = 810/3

y = 270

More can be learned about a system of equations at brainly.com/question/24342899

#SPJ1

7 0
2 years ago
Find the product. 2y 2(3x + 5z) 5xy 2 + 7y 2z 6xy 2 + 10y 2z 2 6xy 2 + 10y 2z
Illusion [34]
120
x
2
y
2
+
848
x
y
2
z
+
20
y
z
7 0
3 years ago
Silver's gym charges a $65 sign-up fee and $50 per month for their membership. Solar Fitness charges a $20 sign up fee and $55 p
alexandr1967 [171]
65+50x = 55x + 20
-50x -50
65=5x+20
- 20 - 20
55=5x
55/5= 5x/5
11=x
The solution represents that it 11 months will make both gyms the exact same price.
7 0
3 years ago
Other questions:
  • Veronica lives in North Dakota and pays 5% in sales tax. She just bought $90 in groceries, but $35 worth of those groceries were
    6·2 answers
  • What is the value of the 4s in 244
    13·2 answers
  • The great owlet moth has a wingspan of 12.13 inches.write this number as a mixed number.
    10·2 answers
  • I need the answer to #26
    12·2 answers
  • One gallon of gas cost $1.75. If Sheryl filled her car tank with 12 gallons of gas, then how much did she pay?
    6·2 answers
  • Someone help solve it please
    12·1 answer
  • What number must be subtracted from -3/5<br> to get -2
    6·1 answer
  • PLEASE ASAP ILL GIVE BRAINLIEST.
    10·1 answer
  • Help i really have no clue not sure where to start
    10·2 answers
  • If 3 sweaters cost $25.95, how much would 6 sweaters cost?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!