1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
harina [27]
3 years ago
15

A family is purchasing a house and needs to finance a 195,000 mortgage from the bank with an annual percentage rate (APR) of 5.3

%. The family is financing it over 30 years and making monthly payments. What is the total amount the family will pay back to the bank (to the nearest dollar)?
$195,000
$328,322
$389,822
$447,210
Mathematics
1 answer:
maksim [4K]3 years ago
4 0

Calculate the monthly payment:

195,000 x ( (0.05/12)x1+0.053)^12)/(1+0.053)^12-1)

Monthly payment = 1,082.84

Multiply monthly payment by 12 to get one year: 1082.84x 12 = 12994.08

Now multiply by 30 years:

12994.08 x 30 = 389822.40

The answer is $389,822

You might be interested in
What is the answer?<br><br><br> 3 x (6/8 − 1/2) + 0.25
V125BC [204]
<span>if its 3 times (6/8 − 1/2) + 0.25 then this equals 1

if its </span><span>3x(6/8 − 1/2) + 0.25 then its 3/4x+1/4</span>
3 0
3 years ago
27 is 36% of what number?
Karo-lina-s [1.5K]
Percent means parts out of 100
36% =36/100=0.36


'of' means mulitply


27 is 36% of ? translates to
27=0.36 times ?
divide both sides by 0.36
75=?


the number is 75
7 0
3 years ago
Read 2 more answers
Please help me asapppppppppppppppppppppp :)))))))))))))))))))
Reptile [31]

Answer: X is 15. N is 100

6 0
3 years ago
There are 645 students at Tech Middle School, and
forsale [732]

Answer:

.20

Step-by-step explanation:

The word percent literally means "Out of 100". With that being said, 20% can be written as a fraction, mixed number or whole number as follows: 1/5 (fraction), 20/100 (mixed number) or .20 (whole number).

3 0
3 years ago
3333333333 rounding to the nearest hundreth
hram777 [196]
Answer: <span>= 3,333,333,333.00</span>
7 0
3 years ago
Other questions:
  • Dale must choose a number between 61 and 107 that is a multiple of 2, 4, and 5 .
    10·2 answers
  • Use the formula R = 6e12.77x, where x is the blood alcohol concentration and R, as a percent, is the risk of having a car accide
    7·2 answers
  • How much money is 1/2 of $6.50. Number 6
    7·2 answers
  • BRAINLIEST
    6·1 answer
  • A candy company makes boxes of chocolates. Each box has 32 chocolates total. Of those 32 chocolates 14 of them have nuts. If the
    9·1 answer
  • What are the common factors of 12 and 36
    12·2 answers
  • a ladder 6m long leans against the wall of house if the foot of the ladder makes an angle 58 degree with tye ground how far is t
    15·1 answer
  • In JKL, k=4.1 cm,j=3.8 cm and angle J=Q3^ Find all possible values of angle K , to the nearest inch of a degree .
    8·1 answer
  • Find x in the given figure.
    9·1 answer
  • Z1 and Z2 are vertical angles. Z2 has measure of 93° what is the measure of Z1? enter your answer in the box.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!