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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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are yall just using this thing to cheat on your tests LOL i swear im seeing so many people asking questions that look like theyr
Oliga [24]

Answer:

that's what most people use it for I believe

5 0
3 years ago
Solve the equations: |x-1|/|x-1| = 1
Tanya [424]
X = 2
The absolute value lines basically just serve as parentheses in this equation.
(2-1)/(2-1) = 1
(1)/(1) = 1
6 0
3 years ago
Read 2 more answers
A line with a slope of 8 passes through the points (-1,1) and (0,k). What is the value of k?
Diano4ka-milaya [45]

Answer:

k = 9

Step-by-step explanation:

Calculate the slope m using the slope formula and equate to 8

m = \frac{y_{2}-y_{1}  }{x_{2}-x_{1}  }

with (x₁, y₁ ) = (- 1, 1) and (x₂, y₂ ) = (0, k)

m = \frac{k-1}{0+1} = k - 1 = 8 ( add 1 to both sides )

k = 9

3 0
2 years ago
How much Zn and how much HCl should be used to produce 1.5 g ZnCl2
tatuchka [14]

Answer:

  • 0.71963 g of Zn
  • 0.80256 g of HCl

Step-by-step explanation:

The required mass of reactants can be computed from the number of moles of product.

  moles of ZnCl₂ = (1.5 g)/(136.282 g) ≈ 0.0110066 moles

Then the mass of Zn required is ...

  mass of Zn = (0.0110066 mol)(65.382 g/mol) = 0.71963 g

Two moles of HCl are used in the reaction with each mole of Zn, so the mass of HCl required is ...

  mass of HCl = 2(0.0110066 mol)(36.458 g/mol) = 0.80256 g

_____

<em>Comment</em>

The discrepancy in the last two decimal places of the weights above versus the calculator output below comes from rounding of moles of Zn to 4 significant digits, instead of 5 or more. The number of moles of ZnCl₂ is closer to 0.0110066.

4 0
3 years ago
Doug makes a parallelogram-shape sign for his shop. What is the area of this parallelogram? Round to the nearest hundredth. A) 5
Nady [450]
1.9x2.8 + 3.2+2.8 = 14.28
6 0
3 years ago
Read 2 more answers
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