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:
![E=\frac{C*r}{1-(1+r)^{-n}}](https://tex.z-dn.net/?f=E%3D%5Cfrac%7BC%2Ar%7D%7B1-%281%2Br%29%5E%7B-n%7D%7D)
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:
![E=\frac{C*r}{1-(1+r)^{-n}}\\E=\frac{150,000*0.004375}{1-(1+0.004375)^{-360}}\\E=\frac{656.25}{1-(1.004375)^{-360}}\\E=\frac{656.25}{0.7923}\\E=828.31](https://tex.z-dn.net/?f=E%3D%5Cfrac%7BC%2Ar%7D%7B1-%281%2Br%29%5E%7B-n%7D%7D%5C%5CE%3D%5Cfrac%7B150%2C000%2A0.004375%7D%7B1-%281%2B0.004375%29%5E%7B-360%7D%7D%5C%5CE%3D%5Cfrac%7B656.25%7D%7B1-%281.004375%29%5E%7B-360%7D%7D%5C%5CE%3D%5Cfrac%7B656.25%7D%7B0.7923%7D%5C%5CE%3D828.31)
So, the correct answer is B
60 seconds are in each minute. To find the number of seconds in 35 minutes, you multiply 60 (seconds) by 35 (minutes.) The answer is 2,100 seconds.
Answer:
C. y = 2/3 x - 2.
Step-by-step explanation:
The general form of the slope-intercept equation of a line is y = mx + c where m = the slope and (0. c) is the y-intercept.
We are given that the slope = 2/3 and the y intercept is at (0,-2) so our equation is y = 2/3 x - 2.
Answer: 64
Step-by-step explanation:
i simply divided 192 by 3, because it's just the opposite of multiplying. it's a simple and easy way to get the missing number! :)
192 / 3 = 64
Answer:
4 * 14 = 56
Step-by-step explanation:
56/2 = 28
28/2 = 14
14/2 = 7
7/7 = 1
56 = 2 * 2 * 2 * 7
56 = (2 * 2) * (2 * 7)
56 = 4 * 14