414,104 easy =)
hopefully this helped
Use the quadractic formula
Answer:
$1166.08 is the monthly payment for the mortgage per month.
Step-by-step explanation:
The meaning of this stated formula on the statement is the present annuity formula because we will have future monthly payments on the mortgage of the house in which they pay off the present value of the house which is $240000 x 80% = $ 192000 as this amount will excludes the down payment of 20% that is made.
We are given Pv the present value which excludes the down payment $192000.
We have the interest rate i which is 1.2%/12 as it is compounded monthly.
n is the number of payments made over a period which is 12 x 15 years= 180 payments as it is compounded monthly.
no we substitute the above mentioned information to the present value annuity formula stated to calculate R the monthly payment:
Pv = R[(1-(1+i)^-n)/i]
$192000 = R[(1-(1+(1.2%/12))^-180)/ (1.2%/12)] divide both sides by the coefficient of R
$192000/[(1-(1+(1.2%/12))^-180)/(1.2%/12)] = R
$1166.08 =R which this is the amount that will be paid for the mortgage every month for 15 years.
Avani wrote the linear equation y = 5x + 4. Then, she wrote the equation of the line that is perpendicular to y = 5x+ 4 and that passes through (15,–2). If her new equation is in the form
, what is the value of b?

- m is the slope
- b is the y-intercept
The equation of a line that is perpendicular to another line always has the opposite reciprocal slope. In the original equation, the slope is 5. The opposite of 5, which refers to the sign, is -5. The reciprocal of -5 is -1/5. That means the slope of the new line is -1/5.
The perpendicular line:
- Has a slope of

- Passes through the point (15, -2)
To find the equation of a line that passes through a specific point, you need to use slope-intercept form.

- y₁ is the y-value of the point
- m is the slope
- x₁ is the x-value of the point
y₁ is -2, m is -1/5, and x₁ is 15.
Substitute the known values into the equation:

Open the parentheses and distribute:

The new equation will be:

Lastly, you need to move the positive 2 to the other side to keep it in y = mx + b form.

The equation of the perpendicular line is:

The value of b is 1.