Answer:
$278.15×60= $16688.969
Step-by-step explanation:
Murphy has a 15/5 balloon mortgage plan therefore he would make constant payments monthly for five years and then pay the balance of the loan/balloon payment for the 10 years left in bulk
To calculate principal+interest on loan before balloon payment is due, we simply calculate Murphy's constant/monthly payments for the 15 year loan amortization and multiply by number of payments before balloon payment is due:
Formula for monthly payments
A= P×r×r(1+r)^n/(1+r)^n-1
Where A= monthly payments
P= mortgage loan value
r= interest rate on loan
n= number of payments = 15×12= 180 monthly payments
Substitute :
A= $113500×0.0495×0.0495(1+0.0495)^180/(1+0.0495)^180-1
A= $113500×0.0495×296.104/5980.90
A= $113500×0.0495×0.049508
A= $278.15
To calculate our principal and interest before balloon payment, we multiply by number of payments(5×12=60 payments) before due balloon payment
60×$278.15= $16688.969
Answer:
3x
Step-by-step explanation:
The area of a triangle is (base × height)/2.
In this picture, the base is 3.
The height is 2x.
(3×2x)/2
=6x/2
=3x
Answer:
help with what? theres nothing there
$30/ 3 sweatshirts = $10 /shirt
$ 10/shirt * 4 shirts = $40
It would cost $40
Answer:
Penn and other Quakers believed that everyone had to seek God in his or her own way. Penn also thought that religious tolerance – or “liberty of conscience” – would create stronger governments and wealthier societies. Other English thinkers in the 1600s shared these ideas. But Penn had the opportunity to act on his beliefs. In Pennsylvania, religious tolerance was the law.
Penn welcomed settlers from all faiths to Pennsylvania. Each of the other American colonies had established an official church, but Penn did not. He sought out religious groups suffering in Europe, and invited them to his colony. He even gave some groups land. Yet religious tolerance did not mean that colonists of all faiths had equal rights. Only Christians could vote or hold political office. But all settlers could take part in the social and economic life of Pennsylvania.
Penn’s belief that “Religion and Policy…are two distinct things, have two different ends, and may be fully prosecuted without respect on to the other” took hold and became one of America’s most important ideals.
<u>I hope this is enough or u can get ur answer out of it :)</u>
