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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

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How does dividing mixed numbers compare with dividing fractions?​
nirvana33 [79]
Mixed numbers are basically sometimes a sign of division. You need to turn the mixed number into an improper fraction.

Steps:

Multiply the whole number by the denominator of the fraction and then add that product to the numerator. Leave the denominator as it is before.

Example:

2 1/4

2x4=8

8+1= 9

Answer: 9/4

Then you can divide!
5 0
3 years ago
What is the area of the figure?
son4ous [18]
Yes. 95 is correct.
You have three congruent "indentations" in the right hand side. Thus each section must be 15/3 = 5 cm long.
The top rectangle will be 8*5 = 40 cm^2
The bottom rectangle will also be 8*5 = 40 cm^2
The middle area will be 5(8-5) = 5 * 3 = 15 cm^2
40 + 40 + 15 = 95

5 0
3 years ago
Your dad is designing a new garden for your backyard. He has 20 feet of fencing to go around the garden. He wants the length of
Komok [63]

Answer:

Length = 6.25 feet

Step-by-step explanation:

Your dad is designing a new garden for your backyard. He has 20 feet of fencing to go around the garden.

Let the width is x.

Length is 2 1/2 feet longer than the width i.e. (x+2 1/2) = (x+2.5) feet

Perimeter = 20 feet

2(l+b) = 20

(l+b) = 10

(x+2.5+x) = 10

2x+2.5 = 10

2x = 7.5

x = 3.75 feet

Length = (x+2.5)

= (3.75+2.5)

= 6.25 feet

So, the length of the garden is 6.25 feet.

3 0
3 years ago
Help please and make sure the answer is right! Please :(
likoan [24]

You see how these 2 angles marked are both inside the 2 parallel lines?

And they are on opposite side of the transversal, the line crossing the 2 parallel lines?

These 2 angles are alternate interior angles and they are equal, I think you can do the last part by yourself.

8 0
3 years ago
PLEASE HELP WILL MEDAL BRAINLIEST ANSWER!
babunello [35]
The amount after 7 years is given by:
A=15000(1+\frac{0.048}{4})^{4\times7}=20,948.15
The answer is: $20,948.15
3 0
3 years ago
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