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Snowcat [4.5K]
2 years ago
12

Levi and Beverly paid 20% down on a house valued at $165,000 in 1994. They upgraded the house entirely in 2003, when they refina

nced their mortgage for $165,000. If they sell the house in 2018 for $190,000, what would be the value of their equity in the home?
Mathematics
1 answer:
aalyn [17]2 years ago
7 0

Answer:

$25,000

Step-by-step explanation:

Given:

House valued at(20% down) = $165,000

Amount receive from selling the house = $190,000

Find:

Value of equity from home on selling = ?

Computation:

⇔ Value of equity from home on selling = Amount receive from selling the house - House valued at(20% down)

⇔ Value of equity from home on selling = $190,000 - $165,000

⇔ Value of equity from home on selling = $25,000

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Answer:

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Step-by-step explanation:

im not sure but tell me if im wrong so i can fix it. thanks

4 0
3 years ago
1-What is the sum of the series? ​∑j=152j​ Enter your answer in the box.
tangare [24]

Answer:

Please see the Step-by-step explanation for the answers

Step-by-step explanation:

1)

∑\left \ {{5} \atop {j=1}} \right. 2j

The sum of series from j=1 to j=5 is:

∑ = 2(1) + 2(2) + 2(3) + 2(4) + 2(5)

  =  2 + 4 + 6 + 8 + 10

∑ = 30

2)

This question is not given clearly so i assume the following series that will give you an idea how to solve this:

∑\left \ {{4} \atop {k=1}} \right. 2k²

The sum of series from k=1 to j=4 is:

∑ = 2(1)² + 2(2)² + 2(3)² + 2(4)²

  = 2(1) + 2(4) + 2(9) + 2(16)

  =  2 + 8 + 18 + 32

∑ = 60

∑\left \ {{4} \atop {k=1}} \right. (2k)²

∑ = (2*1)² + (2*2)² + (2*3)² + (2*4)²

  = (2)² + (4)² + (6)² + (8)²

  = 4 + 16 + 36 + 64

∑ = 120

∑\left \ {{4} \atop {k=1}} \right. (2k)²- 4

∑ = (2*1)²-4 + (2*2)²-4 + (2*3)²-4 + (2*4)²-4

  = (2)²-4 + (4)²-4 + (6)²-4 + (8)²-4

  = (4-4) + (16-4) + (36-4) + (64-4)

  = 0 + 12 + 32 + 60

∑ = 104

∑\left \ {{4} \atop {k=1}} \right. 2k²- 4

∑ = 2(1)²-4 + 2(2)²-4 + 2(3)²-4 + 2(4)²-4

  = 2(1)-4 + 2(4)-4 + 2(9)-4 + 2(16)-4

  = (2-4) + (8-4) + (18-4) + (32-4)

  = -2 + 4 + 14 + 28

∑ = 44

3)

∑\left \ {{6} \atop {k=3}} \right. (2k-10)

∑ = (2×3−10) + (2×4−10) + (2×5−10) + (2×6−10)  

  = (6-10) + (8-10) + (10-10) + (12-10)

  = -4 + -2 + 0 + 2  

∑ = -4

4)

1+1/2+1/4+1/8+1/16+1/32+1/64

This is a geometric sequence where first term is 1 and the common ratio is 1/2 So

a = 1

This can be derived as

1/2/1 = 1/2 * 1 = 1/2

1/4/1/2 = 1/4 * 2/1 = 1/2

1/8/1/4 = 1/8 * 4/1  = 1/2

1/16/1/8 = 1/16 * 8/1  = 1/2

1/32/1/16 = 1/32 * 16/1  = 1/2

1/64/1/32 = 1/64 * 32/1  = 1/2

Hence the common ratio is r = 1/2

So n-th term is:

ar^{n-1} = 1(\frac{1}{2})^{n-1}

So the answer that represents the series in sigma notation is:

∑\left \ {{7} \atop {j=1}} \right. (\frac{1}{2})^{j-1}

5)

−3+(−1)+1+3+5

This is an arithmetic sequence where the first term is -3 and the common difference is 2. So  

a = 1

This can be derived as

-1 - (-3) = -1 + 3 = 2

1 - (-1) = 1 + 1 = 2

3 - 1 = 2

5 - 3 = 2

Hence the common difference d = 2

The nth term is:

a + (n - 1) d

= -3 + (n−1)2

= -3 + 2(n−1)

= -3 + 2n - 2

= 2n - 5

So the answer that represents the series in sigma notation is:

∑\left \ {{5} \atop {j=1}} \right. (2j−5)

6 0
3 years ago
A man diving from a platform 30 feet above the water descends 18 feet below the surface. He then sims to the surface how far has
netineya [11]
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8 0
2 years ago
A=1/2 (a+b)h work out A if a=2 b=7 h=3
BartSMP [9]

Step-by-step explanation:

A =1/2(a+b)h

  • 1/2(2+7)3
  • 1/2×27
  • 13.5

hope it helps.

6 0
2 years ago
alfredo bought a fishing pole for 60 off it's original price of $97 if the tax was 4% how much did alfredo pay for the fishing p
Agata [3.3K]

Answer:

$40.4

Step-by-step explanation:

The regular price of the fishing rod is $97

There is a 60% discount from that price.

The discount is equal to 60% of $97 which is equal to .60 * $97 which is equal to $58.2

Discount is like a markdown, so subtract $58.2 from the price of the item before the change to get $97 - $58.2 = $38.8 

This is the price of the item before tax is applied.

Now you apply the sales tax of 4%.

4% of $38.8 is equal to .04 * $38.8 which is equal to $1.552

Tax is like a markup, so add $1.552 to the price of the item before tax was applied to get a selling price of $38.8 + $1.552 which is equal to $40.352

Round it up and the answer is $40.4

3 0
3 years ago
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