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nikklg [1K]
2 years ago
7

Say that you (or your parents) are purchasing a house for $235,000 and have an excellent credit score. If you pay $1,678.93 at t

he end of the first month, how much is applied to the principal balance?
Mathematics
1 answer:
lara31 [8.8K]2 years ago
6 0
It seems the real problem here is
1) determining the amount of time
2) determining the interest rate
Using a loan payment calculator, http://www.1728.org/mortmnts.htm
we determine that $235,000.00 financed for 30 years at a 7.7215% interest rate yields a monthly payment of $1,678.94

When financing a mortgage, (for example 30 years) in the early years of the mortgage, the vast majority of the payment goes to interest.
So, for your first payment, of $1,678.94, the amount going to interest is $1,512.13 and the amount going to principal is  $166.81.

Basically, after spending  $1,678.94 on your first mortgage payment, you actually own (the equity) $166.81.


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Lapatulllka [165]

Answer:

7.8535891e+84

Step-by-step explanation:

Multiply,

40 x 39 x 38 x 37 x 36 x 35 x 34 x 33 x 32 x 31 x 30 x 29 x 28 x 27 x 26 x 25 x 24 x 23 x 22 x 21 x 20 x 19 x 18 x 17 x 16 x 15 x 14 x 13 x 12 x 11 x 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1/10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 x 30 x 29 x 28 x 27 x 26 x 25 x 24 x 23 x 22 x 21 x 20 x 19 x 18 x 17 x 16 x 15 x 14 x 13 x 12 x 11 x 10 x 9 x 8 x 7 x 6 x 5 x 4 x 3 x 2 x 1 = A lot of numbers.

6 0
2 years ago
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photoshop1234 [79]

Answer:

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Step-by-step explanation:

3x + 1.50 = 13.47

- 1.50 on both sides

3x= 11.97

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x= 3.99

8 0
3 years ago
If f (x) = 2 x + 5 and three-halves are inverse functions of each other and f(x)=2x+5, what is f-1(8)?
nalin [4]

Answer:

b

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6 0
3 years ago
The volume of a prism is 45 km3. What would change if the volume of the prism were measured in cubic meters?
ZanzabumX [31]
Hello!

There are 1000 meters in a kilometer

Multiply 45km by 1000

45 * 1000 = 45000 cubic meters

The answer is 45,000 cubic meters

Hope this helps!
7 0
3 years ago
Convert the following equation into slope intercept form. 3x + 21y = 21 Stars
RideAnS [48]

Answer:

y = -(1/7)x + 1

Step-by-step explanation:

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2 years ago
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