Answer:
The total monthly mortgage payment for the house is $975.63
Step-by-step explanation:
The principle amount is $175000
80% of 175000 is = 
= $140000
20% of 175000 is = 
= $35000
Emi formula is :
For 1st part:
p = 140000
r = 4.75/12/100=0.00395
n = 
Putting values in formula we get
= $729.508
For 2nd part:
p = 35000
r = 7.525/12/100=0.00627
n =
Putting values in formula we get
= $245.301
Adding both the monthly payments:
dollars
This is closest to option A.
So, option A is the answer.
And for 30 years the mortgage payment will be =
dollars
Answer: -27
Step-by-step explanation:
Answer:
B and D
Step-by-step explanation:
To find the percentage, you divide Martin's correct answers by the total number of questions, then multiply the result by 100.
To find the fraction, it's <em>correct answers/total questions</em>.
96
Step-by-step explanation:
I think lol
Answer: a. 13120
b. 4100
c. 1025
d. 3280
Step-by-step explanation:
(a) find the costs price of the fridge
Since the cash price is 20% less the hire purchase price, then the cost of the fridge will be:
= (100% - 20%) × 16400
= 80% × 16400
= 0.8 × 16400
= 13120
(b) calculate the deposit
Since 25% is paid as deposit, the deposit will be:
= 25% × 16400
= 0.25 × 16400
= 4100
(c) what is the monthly installments
Monthly installments will be:
= (16400 - 4100)/12
= 12300/12
= 1025
(d) what is the differences between the cash price and the hire purchase price.
This will be:
Hire purchase price = 16400
Cash price = 13120
= 16400 - 13120
= 3280
