Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
Step-by-step explanation:
because <u>c</u> is shorter than<u> a</u> we know C is a smaller angle than A
so the first choice is out.
use the law of cosines to find b
= 
=1681+400-1326.787871
= 754.21219
b= 
b= 27.46292
so the last choice looks good
Answer:
$173.70 will be the balance
Step-by-step explanation:
350 - (4*18.45) - (2*51.25)
350 - 73.80 - 102.50= 173.70
keeping in mind that perpendicular lines have negative reciprocal slopes, let's check for the slope of the equation above
well then therefore
so we're really looking for the equation of a line with slope of -1/3 and that passes through (1, -3 )
