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ipn [44]
3 years ago
15

Troy took out an 80/20 mortgage to buy a house costing $100,000. The first (80%) mortgage has an interest rate of 4.75%, The sec

ond (20%) mortgage has an interest rate of 7.525%. Both the first mortgage and the second mortgage are 30-year fixed-rate mortgages.
What is his total mortgage payment for this house?
Mathematics
1 answer:
tekilochka [14]3 years ago
7 0

Answer:

  $557.51

Step-by-step explanation:

A financial calculator tells you the payments are ...

  on $80,000 at 4.75%: $417.32

  on $20,000 at 7.525%: $140.19

Then the total monthly payment is ...

  $417.32 +140.19 = $557.51

_____

You can use the amortization formula to find the payment (A) on principal P at interest rate r for t years to be ...

  A = P(r/12)/(1 -(1+r/12)^(-12t))

I find it takes fewer keystrokes to enter the numbers into a financial calculator. Both give the same result.

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Varvara68 [4.7K]

Answer:

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Step-by-step explanation:

7 0
3 years ago
A baker purchased 10 lb of wheat flour and 13 lb of rye flour for a total cost of $17.40. A second purchase, at the same prices,
fiasKO [112]

wheat = $0.96 lb rye = $1.89 lb

12w + 15r = 3987 15w + 10r = 3330 r = (3330 - 15w)/10 12w + 15r = 3987 12w + 15((3330 - 15w)/10) = 3987 12w + (15/10)(3330 - 15w) = 3987 12w + 4995 - 22.5w = 3987 10.5w = 1008 w = 96 cents r = 189 cents.

Hope this helps mate

8 0
3 years ago
Which statements are true about these lines? Select three options.
shepuryov [24]
RS is perpendicular to MN and PQ.


We can use the slopes of these lines to determine the answer.
Slope is given by the formula
m=.

Using the coordinates for M and N, we have:
m=.

Since PQ is parallel to MN, its slope will be as well, since parallel lines have the same slope.

Using the coordinates for points T and V in the slope formula, we have
m=.

This is not parallel to MN or PQ, since the slopes are not the same.
We can also say that it is not perpendicular to these lines; perpendicular lines have slopes that are negative reciprocals (they are opposite signs and are flipped). This is not true of TV either.

Using the coordinates for R and S in the slope formula, we have
m=. Comparing this to the slope of RS, it is flipped and the sign is opposite; they are negative reciprocals, so they are perpendicular.
8 0
3 years ago
Read 2 more answers
Pls someone help with this!!! ASAP
andriy [413]
It would be 22 x 3.14 = 69.08 i’m pretty sure lolol sorry if i’m wrong
5 0
2 years ago
Factor the binomial: 24mn + 32m *
8_murik_8 [283]
The greatest common multiple is 8m, so this means that you can factor it out to:

=8m(3n+4)
=(8m•3n)+(8m•4)
=(24mn)+(32m)
=24mn+32m

The answer is option 2.
4 0
3 years ago
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