1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rusak2 [61]
3 years ago
13

Jamie purchased a condo in Naples, Florida, for $699,000. She put 20% down and financed the rest at

Mathematics
1 answer:
ololo11 [35]3 years ago
6 0

By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}, we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula FV = A\frac{[(1+r)^{N}-1]}{r}, we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$

You might be interested in
I need this rn 3×-7 equivalent expressions A. -21 B. 4 C. -4 D. 21
Drupady [299]

Answer: The answer is A. -21

Its simplified and i just multiplied 3 by -7 :)

8 0
2 years ago
Read 2 more answers
Just a Random challenge...<br> What are the 100 digits of pi?
trasher [3.6K]

Answer:

3.14159, this is π

Followed by 2-6-5-3-5-8-9

Circumference over diameter

7-9, then 3-2-3

OMG! Can't you see?

8-4-6-2-6-4-3

And now we're on a spree

38 and 32, now we're blue

Oh, who knew?

7, 950 and then a two

88 and 41, so much fun

Now a run

9-7-1-6-9-3-9-9

Then 3-7, 51

Half way done!

0-5-8, now don't be late

2-0-9, where's the wine?

7-4, it's on the floor

Then 9-4-4-5-9

2-3-0, we gotta go

7-8, we can't wait

1-6-4-0-6-2-8

We're almost near the end, keep going

62, we're getting through

0-8-9-9, on time

8-6-2-8-0-3-4

There's only a few more!

8-2, then 5-3

42, 11, 7-0 and 67

We're done! Was that fun?

Learning random digits

So that you can brag to your friends

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
Point M is on line segment \overline{LN}
MissTica

Considering the relation built the presence of point M on line LN, the numerical length of LN is of 9 units.

<h3>What is the relation from the presence of point M on the line LN?</h3>

Point M splits line LN into two parts, LM and MN, hence the total length is given by:

LN = LM + MN.

From the given data, we have that:

  • LN = 2x - 5.
  • LM = 3.
  • MN = x - 1.

Hence we first solve for x.

LN = LM + MN.

2x - 5 = 3 + x - 1

x = 7.

Hence the total length is:

LN = 2x - 5 = 2 x 7 - 5 = 14 - 5 = 9 units.

More can be learned about relations and lines at brainly.com/question/2306122

#SPJ1

3 0
1 year ago
I need help simplifying -14 1/5-(-13 1/10)
xxMikexx [17]

Answer:

-141/5-(131/10)= -41.3

4 0
3 years ago
A triangular window is above the door to a café. The base of the window is 12 feet, and the height is 10 feet.
BabaBlast [244]

Answer:

Your answer is 60

Hope that this is helpful. Tap the crown button, Like & Follow me

8 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following statements is true
    13·1 answer
  • Please help me answer <br> 70 is 160% of what?
    15·2 answers
  • 2/3 (t+5) = 8<br><br>what does t equal?​
    11·1 answer
  • One solution of x^2-25=0 is 5 what is the other solution
    10·1 answer
  • The oil company removed 5,421 liters of gas from a tank that contained 5,855 liters.
    7·2 answers
  • A person walks 1/7
    6·1 answer
  • 5x - 4y = -8<br> x + 4y = -16
    9·1 answer
  • Simplify fully (2x-1)(2x+1)​
    8·1 answer
  • 7x-5=8(x*3) what value of x makes this equation true
    14·2 answers
  • Hello can someone please help me with this.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!