The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
<u>Answer:</u>
Sale tax paid by Katrina is 0.44 units of currency and total amount paid is 5.94 unit of currency.
<u>
Solution:</u>
Given that Katrina goes to road runner after school and purchase following three products
A soda for 1.50
Chips for 3.50
Candy for 0.50
Also she pays 8% sales tax.
Need to determine amount paid in sales tax and total amount paid by Katrina.
lets first calculate amount she paid without taxes.
Total paid amount without taxes = 1.50 + 3.50 + 0.50 = 5.50
As she paid 8% sale tax , that is 8 % of 5.50
so sale tax paid = 
<em>Total amount paid = Total amount paid without taxes + tax paid
</em>
= 5.50 + 0.44 = 5.94
Hence sale tax paid by Katrina is 0.44 units of currency and total amount paid is 5.94 unit of currency.
Answer:
Loading,please wait...
Step-by-step explanation:
Answer:
-35x+28
Step-by-step explanation:
have a great day :'D
