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
Answer:
So do you already have the answer? Also 1/20 looks right.
Step-by-step explanation:
We want to find a fraction that is between
There are several ways to go about this.
There are also infinitely many fractions that can be found between the given fractions.
Let us go for the one in the middle of the two fractions.
So we add the two fractions and divide by 2.
a) 
Find LCM for the numerator
Simplify:
b) 
c)
d)
Answer:
The Answer is:
Step-by-step explanation:
First, find the 20% that he must pay:
$3,500 * .20 = $700.
The remaining balance is:
$3,500 - $700 = $2,800
He already paid $1,000 of his deductible of $2,000. He has $1,000 left to pay.
Add that to the $700 to get:
$1,000 + $700 = $1,700 out of pocket.
Answer: its correct
Step-by-step explanation: 4 is the answer
