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)^(180
15)
⇒ 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 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
y=-5/7(x+4)+7
Step-by-step explanation:
Answer:
Steve is 5
Step-by-step explanation:
Steves sister is 25, she is 5 years more than 4 times steve is.
5 * 4 = 20 and the sister is 5 years older so,
Steve is 5
Answer:
N = -3.36
Step-by-step explanation:
5.6 x N= 2.24
-5.6 -5.6
N= -3.36
Answer is 9r
Because 9x3 is 27
Also no clue about the brainliest thing