Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months
Step-by-step explanation:
<u>See the missing reasons, in order from top to bottom:</u>
- 1. Definition of rhombus
- 2. Definition of congruent
- 3. Given
- 4. Definition of bisects
- 5. Reflexive property
- 6. SSS (three sides congruency)
- 7. CPCTC
100-20x
100 is the amount of money you have
20 is your budget
x is number of weeks
255-136=119
start at 255 then go down or left 136 times and you'll get 119
