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Ymorist [56]
3 years ago
11

Jerry has just purchased his first home for $190,000. He put down a 20 percent down payment of $38,000 and took out a 5 percent

mortgage for the rest. His mortgage payment is $700 per month. How much of his first monthly mortgage payment is amortization?
Mathematics
1 answer:
shepuryov [24]3 years ago
7 0

Answer:

$66.67

Step-by-step explanation:

The calculation of first monthly mortgage payment is amortization is given below:-

Amount borrowed = Purchase first home cost - Down payment

= $190,000 - $38,000

= $152,000

Annual interest = ($152,000 × 5%) ÷ 12

= $7,600 ÷ 12

= $633.33 per month

Now,

First monthly payment = Mortgage payment - Annual interest

= $700 - $633.33

= $66.67

Hence, we simply applied the above formula.

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Tara wants to attend a four-year college to become a math teacher. Which statements explain the possible differences in total ye
Naddika [18.5K]
Answer:

- A public in-state college charges less for in-state tuition than for out-of-state tuition.
- Tara will most likely have to pay room and board expenses at an out-of-state public college, but might be able to commute to a public college in state.

Explanation:
If Tara wants to study out of state she could face higher tuition costs; public universities generally favor their residents with lower tuition costs, contrary to the charge for students who comes from other states.
Also, if she wants to study outside the state, Tara would have to analyze the costs of a residence and food that she will have to cover if she studies outside the state. On the contrary, if she studies in the state she could live with her family and only cover the transportation costs.

hope this helps!

7 0
3 years ago
Read 2 more answers
Mariain buys a dress that costs 32 dollars she pays 10 percent sales tax
jeyben [28]

Answer:

the total cost would be $45.2

8 0
4 years ago
Since Marnie has bought her car,the value has gone down 15%.If her car is 13000 right now,how much was it worth when she bought
Serggg [28]
Percentage of depreciation of the car that Marie bought = 15%
Present value of the car = 13000
Let us assume that the value of the car at the time of buying = x
So
The percentage valuation of the car now = (100 - 15) percent
                                                                 = 85 percent
Then
(85/100) * x = 13000
85x = 13000 * 100
85x = 1300000
x = 1300000/85
  = 15294.12
So the actual cost of the car is 15294.12. I hope the procedure is clear enough for you to understand.
6 0
3 years ago
Select the correct comparison
seropon [69]

Answer:

pretty sure its d

Step-by-step explanation:

Because a has spread out dots and b has them all towered and neat so d

5 0
3 years ago
Bajo del Gualicho has an elevation of - 72 meters. Lago Enriquillo has an elevation of - 46 meters. Note
Harman [31]

Answer: Bajo del Gualicho has a higher elevation than Lago Enriquillo.

Step-by-step explanation:

Since in this case the "elevations" are negative because are under sea level, we can call it depth.

In this sense, we are given the "elevations" or depths of two places:

Bajo del Gualicho: -72 m

Lago Enriquillo: -46 m

Keeping in mind we are actually talking about the depth of this places, we can  say Bajo del Gualicho is deeper than Lago Enriquillo, and this is best expressed with the following inequality:

G>E

Where G represents Bajo del Gualicho and E represents Lago Enriquillo.

4 0
4 years ago
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