Equation for the monthly mortgage payment

1 answer:

7 0

In the standardized calculations used in the United States, c is given by the formula: For example, for a home loan of $200,000 with a fixed yearly interest rate of 6.5% for 30 years, the principal is , the monthly interest rate is , the number of monthly payments is , the fixed monthly payment equals $1,264.14.

You might be interested in

Find the annual percentage yield (APY) in the following situation,

netineya [11]

Answer:

3.95%

Step-by-step explanation:

An interest-bearing account paying a stated nominal or annual interest rate of 3.880% compounded monthly, would translate to an Annual Percentage Yield (APY) or Effective Annual Rate (EAR) of 3.95%. This means that $100.00 will grow to $103.95 ($103.95 rounded) after one year.

3 0

2 years ago

Write an expresstion that is equivalent to 1/3x+3/4+2/3x-1/4-2/3x

nadya68 [22]

Answer:

1/3x+1/2

Step-by-step explanation:

4 0

1 year ago

Why is 640 divided by 80 equal to 64 divided by 8?

Sedaia [141]

Because by dividing both equations you get an answer of 8 for both

5 0

3 years ago

URGENT NEED HELP 20pts

vlabodo [156]

Answer:

B) Similarities

B) vestigal trait

A)DNA

Step-by-step explanation:

7 0

2 years ago

Read 2 more answers

Si una galleta de chocolate aporta un aproximado de 150 kcal y un viaje en bicicleta se quema por media hora se que mas 340 kcal

Elanso [62]

Answer:

Una persona necesitará 2 horas y 30 minutos de viaje en bicicleta para quemar el contenido kilocalórico de cinco galletas.

Step-by-step explanation:

De acuerdo con este problema, la cantidad de calorías que se quema es directamente proporcional al tiempo de viaje en bicicleta. Si sabemos que una galleta aporta 150 kilocalorías, entonces 5 galletas equivalen a 750 kilocalorías.

Por regla de tres simple calculamos el tiempo requerido para quemar 750 kilocalorías:

$x = 30\,min \times \frac{750\,kcal}{150\,kcal}$

$x = 150\,min$

Es decir, una persona necesitará 2 horas y 30 minutos de viaje en bicicleta para quemar el contenido kilocalórico de cinco galletas.

6 0

2 years ago