Artie is financing a condominium for $313,000. He gets a 30-year, fixed rate mortgage with a rate of 5.275%. How much interest w
2 answers:
Answer:
$302956.4
Step-by-step explanation:
Given that:
- Principle (A): $313,000
- Number of years: 30 = 30*12 = 360 months
- Rate of 5.275% = 0.05275 /12 = 0.00434 per month
We need to find out the monthly payment:
<=> = 1710.99
Total payment:
T = nP
T = 360 ×1710.99 = $615969.4
The amount of interest he will pay over the life of his loan is:
I = T – A
= $615969.4 - $313000
= $302956.4
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Answer:
<em>Hence, it will take</em><em> 9 seconds </em><em>for kirk to run </em><em>63+9=72 yards </em><em>and catch upto Max. </em>
Step-by-step explanation:
Let 'y' represents the time Max and Kirk took to meet.
Let the distance between the destination where they will meet from the place where Max is be: x yards
So the distance of destination from initial position of kirk is x+9 yards ( As Max is given a head start of 9 yards)
- As speed of Max is 7 yards per sec.
And
Hence,
- also speed of kirk is 8 yards per second.
By the similar definition of speed we have:
Hence (1) and (2) are the required system of equation.
So on solving the system of equations by elimination method we have:
y=9 and x=63.
Hence, it will take 9 seconds for kirk to run 63+9=72 yards and catch upto Max.