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Flura [38]
3 years ago
9

-5(2r - 6p) + 3(41-3p)​

Mathematics
1 answer:
iragen [17]3 years ago
7 0

Answer:

21p - 10r +123

Step-by-step explanation:

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HELP URGENT PLEASE! The Lees have purchased a new home for $360,000, and put a down payment of $50,000 on it. They have a mortga
bonufazy [111]

Answer:

$191,340.80

Step-by-step explanation:

Step 1

We find the amount that is paid monthly by the Lee's

We are told in the question that:

Cost of the house =$360,000

Down payment = $50,000

We are also told, the balance left after the down payment was made = Mortgage that is amortized at an

Interest rate of 5.25%

Time = 20 years

Hence, Mortgage amount = $360,000 - $50,000 = $310,000

Formula for monthly payment =

M= P[r(1+r)^n/((1+r)^n)-1)]

M = the total monthly mortgage payment.

P = the principal loan amount.

r = your monthly interest rate.

= rate/12

=5.25%/12 = 0.0525/12

= 0.004375

n = number of payments

= number of years × number of months

= 20 × 12 = 240 payments

Formula for monthly payment =

M= P[r(1+r)^n/((1+r)^n)-1)]

M = 310,000[0.004375(1 + 0.004375)^240/((1 + 0.004375)^240 ) - 1]

M = $2,088.92

Therefore, the monthly payment by the Lee's is $2,088.92

Step 2

We calculate the Total Amount paid by the Lee's in 20years because we are told in the question that they paid off their mortgage after 20 years

Total Amount paid = Monthly payments × Number of payments

= $2,088.92 × 240

= $501,340.80

Step 3

The third and final step is to calculate the Total interest paid for 20 years

Total Interest = Total amount paid - Mortgage amount

= $501,340.80 - $310,000

Total Interest: $191,340.80

Therefore,the interest will they have paid in total is $191,340.80

6 0
3 years ago
I need a percentage, and 60 doesn't work. Please help!
alukav5142 [94]

The probability that you will wait for at most 5 seconds is 6.7%

<h3>How to determine the probability?</h3>

The given parameters are:

Green = 40

Yellow = 5

Red = 30

When you spend a maximum of 5 seconds, it means that you get to the traffic light at the yellow cycle.

The probability is then calculated as:

P(Yellow) = 5/(40 + 5 + 30)

Evaluate

P(Yellow) = 6.7%

Hence, the probability that you will wait for at most 5 seconds is 6.7%

Read more about probability at:

brainly.com/question/15246027

#SPJ1

5 0
2 years ago
Factor y 2 + 5y + 6.<br> (y + 1)(y + 6)<br> (y + 2)(y + 3)<br> (y + 2)(y + 4)
serg [7]
<span>y^2 + 5y + 6
=</span><span>(y + 2)(y + 3)

----------------------------------</span>
5 0
3 years ago
Read 2 more answers
Can someone please help me?
Tems11 [23]
You are right correct
3 0
3 years ago
-0.06m = 7.2 what is m?
Nata [24]
-0.06m=7.2
-0.06m/-0.06 = 7.2/-0.06
m = -120
3 0
3 years ago
Read 2 more answers
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