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2 years ago

11

You wish to take out a $375,000 mortgage. The yearly interest rate on the loan is 3% and the loan is for 25 years. How much will

your monthly payment be? Give your answer in dollars and cents. Do not include commas or the dollar sign in your answer.

1 answer:

Evgen [1.6K]2 years ago

4 0

Answer:

$1,778.29

Step-by-step explanation:

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Please help solve this and show work

Dafna11 [192]

Answer: x=9

Step-by-step explanation:

7x+43=106

subtract 43 from both sides

7x=63

divide by 7

x=9

8 0

2 years ago

You want to buy a car, and a local bank will lend you $30,000. The loan would be fully amortized over 6 years (72 months), and t

Georgia [21]

Answer:

<h2>- 56,667cents</h2><h2>- 6.17%</h2>

Step-by-step explanation:

Before we can determine the monthly loan paymnet, we must first calculate the total amount paid at the end of 6years.

Amount = Principal + Interest

Given Principal = $30,000

Interest = Principal * rate * time/100

Interest = $30,000*6*6/100

Interest = $10,800

Amount = $30,000+ $10,800

Amount = $40,800

If amount paid after 6years is $40,800, my monthly loan payment = $40,800/72 ≈ $566.67 to nearest dollar.

since $1 - 100cents

$566.67 = 100 * 566.67

$567 = 56,667cents

Monthly loan payment to nearest cent will be 56,667cents

EFF = (1 + r /n)^n - 1

r is the rate and n is the number of period per year which is 12months

%EFF = EAR = (1 + 0.06 /12)^ 12 - 1

%EFF = 1.005^12

%EFF = 1.061678 - 1

%EFF = 0.061678

%EFF = 6.17% to 2dp

6 0

2 years ago

Jose can paint an entire house in seven hours and brandon can paint the same house in eight hours. Write an equation that can be

guajiro [1.7K]

Answer:

t/8 + t/7 = 1

Step-by-step explanation:

Given in the question that,

time require for Jose to paint the house = 7 hours

time require for Brandon to paint the house = 8 hours

Suppose t means Full house painted.

<h3>To solve the question we have to figure out how much each of them can paint in ONE hour.</h3>

7 hours----t

1 hour ---- t/7

8 hours----t

1 hour ---- t/8

<h3>Equation</h3>

t/8 + t/7 = 1 (in one hour)

(7t + 8t)/8(7) = 1

15t/56 = 1

15t = 56

t = 56/15

t = 3.73 hours

5 0

2 years ago

Really need help with this problem

liq [111]

Answer:

29.24

Step-by-step explanation:

p= 27

b= 48

now finding the value of x,

tanx°= p/b

=27/48

=0.56

now,

x°= tan-¹ 0.56

= 29.24

8 0

1 year ago

Point b has coordinates (-8,15) and lies on the circle whose equation is x^2+y^2=289. If an angles is drawn in standard position

Alenkinab [10]

Answer:

$\cos \theta=-\dfrac{8}{17}$

Step-by-step explanation:

Coordinates of Point b $=(-8,15)$

b lies on the circle whose equation is $x^2+y^2=289$

$x^2+y^2=17^2$

Comparing with the general form a circle with center at the origin: $x^2+y^2=r^2$

The radius of the circle =17 which is the length of the hypotenuse of the terminal ray through point b.

For an angle drawn in standard position through point b,

x=-8 which is negative

y=15 which is positive

Therefore, the angle is in Quadrant II.

$\cos \theta=\dfrac{Adjacent}{Hypotenuse} \\$Adjacent=-8\\Hypotenuse=17\\\cos \theta=\dfrac{-8}{17} \\\cos \theta=-\dfrac{8}{17}$

8 0

2 years ago