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3 years ago

Which equation can be used to solve the problem?

Mathematics

1 answer:

Allisa [31]3 years ago

3 0

D) 8c=120

Now I'm typing random words so that it is enough characters

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Scor Question Help 4.D.49 You can afford monthly payments of $500. If current mortgage rates are 2.83% for a 15-year fixed rate

lakkis [162]

Answer:

No down payment = $73 267; 10 % down payment = $81 408

Step-by-step explanation:

1. With no down payment

The formula for a maximum affordable loan (A) is

A = (P/i)[1 − (1 + i)^-N]

where

P = the amount of each equal payment

i = the interest rate per period

N = the total number of payments

Data:

P = 500

APR = 2.83 % = 0.0283

t = 15 yr

Calculations:

You are making monthly payments, so

i = 0.0283/12 = 0.002 358 333

The term of the loan is 15 yr, so

N = 15 × 12 = 180

A = (500/0.002 3583)[1 − (1 + 0.002 3583)^-180]

= 212 014(1 - 1.002 3583^-180)

= 212 014(1 - 0.654 424)

= 212 014 × 0.345 576

= 73 267

You can afford to spend $73 267 on a home.

2. With a 10 % down payment

Without down payment, loan = 73 267

With 10 % down payment, you pay 0.90 × new loan

0.90 × new loan = 73 267

New loan = 73267/0.90 = 81 408

With a 10 % down payment, you can afford to borrow $81 408 .

Here’s how it works:

Purchase price = $81 408

Less 10 % down = <u> -8 141 </u>

Loan = $73 267

And that's just what you can afford.

8 0

4 years ago

2.5h= min pls answer me quick pls

Effectus [21]

Answer:

2.5h = 150 min.

Step-by-step explanation:

An hour is 60 minutes.

A half an hour is 30 minutes.

Two hours = 1 hour + 1 hour = 60 minutes + 60 minutes = 120 minutes

2.5 hours = 2 hours + 1/2 hour = 120 minutes + 30 minutes = 150 minutes

2.5h = 150 min.

Hope this helps.

6 0

3 years ago

Answer quick for brainliest <3

Brut [27]

Answer:

4mph

Step-by-step explanation:

just look at the graph

7 0

3 years ago

The lines p and q intersect at point O. What is the value of x? Enter your answer in the box. x = Lines p and q intersect at poi

Angelina_Jolie [31]

Answer:

x = 16

Step-by-step explanation

Find the diagram attached. You can see from the diagram that both angles are vertically opposite angles and vertically opposite angles are equal.

Hence 2x+13 = 3x-3

Collect like terms

2x-3x = -3-13

-x = -16

Multiply both sides by -1

-1(-x) = -1(-16)

x = 16

Hence the value of x is 16

6 0

3 years ago

Read 2 more answers

Ok but fr help.. Assuming only the lengths of the sides of a triangle are given, how can you determine if the triangle has a rig

Strike441 [17]

Answer:

If you take the 2 smallest sides and put it in the pythagreon theorem to get the other side length.

Step-by-step explanation:

So if you have a triangle with side lengths, 3, 4, and 5, you can use the exact equation below.

${3}^{2} + {4}^{2} = {5}^{2}$

Because this is true, then the triangle does have a right angle.

4 0

3 years ago