It would take 5 hours because you take 3 and divide that by 1.5 & you get 2 so 5 multiplied by 2 is 10. it would take her 30 minutes per page
Answer:
$1166.08 is the monthly payment for the mortgage per month.
Step-by-step explanation:
The meaning of this stated formula on the statement is the present annuity formula because we will have future monthly payments on the mortgage of the house in which they pay off the present value of the house which is $240000 x 80% = $ 192000 as this amount will excludes the down payment of 20% that is made.
We are given Pv the present value which excludes the down payment $192000.
We have the interest rate i which is 1.2%/12 as it is compounded monthly.
n is the number of payments made over a period which is 12 x 15 years= 180 payments as it is compounded monthly.
no we substitute the above mentioned information to the present value annuity formula stated to calculate R the monthly payment:
Pv = R[(1-(1+i)^-n)/i]
$192000 = R[(1-(1+(1.2%/12))^-180)/ (1.2%/12)] divide both sides by the coefficient of R
$192000/[(1-(1+(1.2%/12))^-180)/(1.2%/12)] = R
$1166.08 =R which this is the amount that will be paid for the mortgage every month for 15 years.
Hi!
We can set up proportions to solve these.
1.
2.
Cross multiply to solve for x
1. 60 x 45 = 2700
2700/100 = 27
2. 8 x 100 = 800
800/0.5 = 1600
(Tip: dividing by 0.5 is the same as multiplying by 2)
The answers are
1. 27
And
2. 1600
Hope this helps! :)
Multiply 5/2 on both sides to clear the fraction.
-8(5/2)=(5/2)(2/5)(k-2)
-20 = k -2
Add 2 to both sides
-18 = k
It’s 450 du it’s just 18 Times 25
