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ivolga24 [154]
3 years ago
6

If the purchase price for a house is $309,900, what is the monthly payment if you put 20% down for a 30 year loan with a fixed r

ate of 6%? a. $729.98 b. $912.48 c. $1,486.41 d. $1,858.01 A. Not to sure, I'm not a math expert. I could be wrong.
Mathematics
1 answer:
Nookie1986 [14]3 years ago
5 0

Answer:

$1486.41.

Step-by-step explanation:

Purchase price = $309,900

Down payment percent = 20 %

Remaining amount Percentage  = 100-20 = 80%

Mortgage amount = 309900 \times 0.80

                              =247920

Formula of monthly payment : P =\frac{\frac{rM}{1 -(1 +\frac{r}{n})^-{nt}}}{n}

where P = the payment,

r = the annual rate =6% = 0.06

M = the mortgage amount = $247920

t = the number of years=30

n = the number of payments per year= 12

Substitute the values.

P =\frac{\frac{0.06 \times 247920}{1 -(1 +\frac{0.06}{12})^-{12\times 30}}}{12}

P=1486.40566196

Hence the monthly payment is $1486.41.

Thus Option C is correct.

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Based on the tax brackets, what’s the estimated total tax due for a single taxpayer with a taxable income of $43,500?
inysia [295]

Answer:

C. $5,509.50

Step-by-step explanation:

The computation of the estimated total tax due in case of taxable income for $43,500 is shown below:

Since in the question the income brackets and based on the income the different tax is to be charged

For $9,525, the 10% tax is charged i.e

= \$9,525 \times 10\%

= $952.50

Upto $38,700, the 12% tax is charged i.e

= (\$38,700 - \$9,526) \times 12\%

= $3,500.88

The remaining amount left is

= (\$43,500 - \$38,701) \times 22\%

= $1,055.78

Now the total tax due is

= $952.50 + $3,500.88 + $1,055.78

= $5,509.16 approx i.e $5,509.50

6 0
3 years ago
How many times does 12 go in to 48
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sladkih [1.3K]

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4 0
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6 0
2 years ago
Two buses leave towns 576 kilometers apart at the same time and travel toward each other. One bus travels 12
KIM [24]

Answer:

Rate of slower bus; 90 km/h

Rate of faster bus; 102 km/b

Step-by-step explanation:

We know that formula do distance is;

Distance = speed/time

We are told that One bus travels 12h slower than the other.

Let speed of slower bus be x.

Thus;

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After 3 hours, distance by faster bus = 3(x + 12)

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Since the towns are 576 km apart, then;

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8 0
3 years ago
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