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storchak [24]
2 years ago
6

The second of two numbers is 8 less than twice the first. their sum is 19. Find the two numbers

Mathematics
1 answer:
Radda [10]2 years ago
3 0
The first number is 9 and the second number is 10. 10+9=10. 9*2=18 and 10 is 8 less than 18. All the requirements of the numbers are met.
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Imagine that you would like to purchase a $275,000 home. Using 20% as
vfiekz [6]

Answer:

The mortgage chosen is option A;

15-year mortgage term with a 3% interest rate because it has the lowest total amount paid over the loan term of $270,470

Step-by-step explanation:

The details of the home purchase are;

The price of the home = $275,000

The mode of purchase of the home = Mortgage

The percentage of the loan amount payed as down payment = 20%

The amount used as down payment for the loan = $55,000

The principal of the mortgage borrowed, P = The price of the house - The down payment

∴ P = $275,000 - 20/100 × $275,000 = $275,000 - $55,000 = $220,000

The principal of the mortgage, P = $220,000

The formula for the total amount paid which is the cost of the loan is given as follows;

Outstanding \ Loan \ Balance = \dfrac{P \cdot \left[\left(1+\dfrac{r}{12} \right)^n -  \left(1+\dfrac{r}{12} \right)^m \right] }{1 - \left(1+\dfrac{r}{12} \right)^n }

The formula for monthly payment on a mortgage, 'M', is given as follows;

M = \dfrac{P \cdot \left(\dfrac{r}{12} \right) \cdot \left(1+\dfrac{r}{12} \right)^n }{\left(1+\dfrac{r}{12} \right)^n - 1}

A. When the mortgage term, t = 15-years,

The interest rate, r = 3%

The number of months over which the loan is payed, n = 12·t

∴ n = 12 months/year × 15 years = 180 months

n = 180 months

The monthly payment, 'M', is given as follows;

M =

The total amount paid over the loan term = Cost of the mortgage

Therefore, we have;

220,000*0.05/12*((1 + 0.05/12)^360/( (1 + 0.05/12)^(360) - 1)

M = \dfrac{220,000 \cdot \left(\dfrac{0.03}{12} \right) \cdot \left(1+\dfrac{0.03}{12} \right)^{180} }{\left(1+\dfrac{0.03}{12} \right)^{180} - 1}  \approx 1,519.28

The minimum monthly payment for the loan, M ≈ $1,519.28

The total amount paid over loan term, A = n × M

∴ A ≈ 180 × $1,519.28 = $273,470

The total amount paid over loan term, A ≈ $270,470

B. When t = 20 year and r = 6%, we have;

n = 12 × 20 = 240

\therefore M = \dfrac{220,000 \cdot \left(\dfrac{0.06}{12} \right) \cdot \left(1+\dfrac{0.06}{12} \right)^{240} }{\left(1+\dfrac{0.06}{12} \right)^{240} - 1}  \approx 1,576.15

The total amount paid over loan term, A = 240 × $1,576.15 ≈ $378.276

The monthly payment, M = $1,576.15

C. When t = 30 year and r = 5%, we have;

n = 12 × 30 = 360

\therefore M = \dfrac{220,000 \cdot \left(\dfrac{0.05}{12} \right) \cdot \left(1+\dfrac{0.05}{12} \right)^{360} }{\left(1+\dfrac{0.05}{12} \right)^{360} - 1}  \approx 1,181.01

The total amount paid over loan term, A = 360 × $1,181.01 ≈ $425,163

The monthly payment, M ≈ $1,181.01

The mortgage to be chosen is the mortgage with the least total amount paid over the loan term so as to reduce the liability

Therefore;

The mortgage chosen is option A which is a 15-year mortgage term with a 3% interest rate;

The total amount paid over the loan term = $270,470

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3 years ago
Pls help ASAP I’ll give brainliest
My name is Ann [436]

Step-by-step explanation:

.................. Rotation

6 0
3 years ago
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Plz help find the rule 50 points
atroni [7]

Answer:

1², 2²,3², 4², 5², 6², 7², 8², 9², 10², 11², 12², 13², 14², 15², 16², 17², 18², 19², 20²,........

Each number is multiplied by itself.

4 0
2 years ago
You are given that claims are reported according to a homogeneous Poisson process. Starting from time zero, the expected waiting
maxonik [38]

Answer:

1.732

Step-by-step explanation:

You are given that claims are reported according to a homogeneous Poisson process

LetX be the waiting time from 0 to second claim

X is Poisson with averageof 3 hours.

We know in a Poisson distribution the mean = variance

Hence average waiting time = mean = 3

This will also be equal to var(x)

Var(x) = mean of Poisson distribution= 3

Hence standard deviation = square root of variance

=\sqrt{3} \\=1.732

7 0
3 years ago
sosceles triangle ABC has a perimeter of 96 centimeters. The base of the triangle is and measures 24 centimeters. What is the me
pogonyaev
The measure of ? is 36, because if the perimeter of the triangle is 96 and there are 3 sides subtract the base length of 24 from 96 getting you 72 and divide 72 by 2 getting you 36 because there are 2 other sides that are the same length.
6 0
3 years ago
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