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umka2103 [35]
3 years ago
7

Salma and coron broomall have reached an agreed upon price of $197,000. They plan to make a 30 percent down payment and finance

the rest at 6 percent for 20 years. What is the monthly payment? What is the total amount to be paid?
Mathematics
1 answer:
Sladkaya [172]3 years ago
6 0

Answer:

1. The monthly payment is $689.5

2. The total amount to be paid is

$224,580.

Step-by-step explanation:

Salsa and Corn Broom all reached an agreement upon the price of $197,000.

- The plan on making a 30 percent down payment. This implies that the will pay 0.3 × $197,000 = $59,100

This leaves them with

$197,000 - $59,100

= $137,900 to pay.

The plan on financing this remaining amount at 6 percent for 20 years.

This means they will pay

0.06 × $137,900 = $8,274 for 20 years. This translates to the payment of $8,274 × 20 = $165,480 across the 20 years.

1. The monthly payment is the yearly payment divided by 12.

Which is $8,274 ÷ 12 = $689.5

2. The total amount to be paid is

$165,480 + $59,100

= $224,580.

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Answer:

  • 168 in 7 hours.

Step-by-step explanation:

<u>We can't multiply.</u>

<u>We got to count up by 12's for each 1/2 hour.</u>

12, 24, 36, 48, 60, 72, 84, 96, 108, 120, 132, 144, 156, 168.

<u>Simplified:</u>

  • 24, 48, 72, 96, 120, 144, 168.

<u>Estimate:</u>

  • 12 = 1/2 hour
  • 24 = 1 hour
  • 36 = 1 1/2 hours
  • 48 = 2 hours
  • 60 = 2 1/2 hours
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  • 156 = 6 1/2 hours
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Answer is 168.

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Answer:

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What is the area of triangle ABC?
almond37 [142]

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Consider the table for the exponential function, LaTeX: p\left(x\right)=2^xp ( x ) = 2 x, shown below. Calculate the Average Rat
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Answer:

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Step-by-step explanation:

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Plug in the above values into the formula:

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Answer:P=\frac{2}{5}

Step-by-step explanation:

Given

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P=\frac{2}{5}

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3 years ago
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