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4 years ago

Your the best for helping y + 14 –1 = 3

Mathematics

1 answer:

Artyom0805 [142]4 years ago

7 0

Answer:

y+14-1 = 3

y + 13 = 3

- 13 - 13

y = -10

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Anna has a 30-year, 5.75% mortgage on her $250,000 home. She has been

poizon [28]

Answer:

Her new monthly payment is now $1,378.91¢

Step-by-step explanation:

For us to calculate the new monthly mortgage payment that Anna will start paying from now on, we need to input the formula for calculating monthly mortgage payments.

The formula is:-

$M = P [\frac{r(1+r)^{n} }{(1+r)^{n}-1}]$

Where M is the monthly mortgage payment.

P is the principal

r is the monthly interest rate calculated by dividing your annual interest rate by 12

n is the number of payments(the number of months you will be paying the loan).

In this case, the new principal that Anna must pay back is $231,905.47¢. The annual interest rate has been reduced to 5.17% from 5.75% so the new monthly interest rate will be obtained by dividing the new annual interest rate by 12

= 5.17%/2

= 0.431%

This is the new monthly interest rate.

Since she has been paying her mortgage loan diligently for 5 complete years. It means she now has just 25 years to complete the payment. If 12 months make up one year, then there are - 12 × 25 = 300 more months to go.

300 is therefore "n" that is required for the calculation.

All the terms needed for the calculation of her new monthly mortgage is now complete.

P = $231,905.47¢

r = 0.431%

n = 300

$M = 231,905.47[\frac{0.00431(1+0.00431)^{300} }{(1+0.00431)^{300} -1}]$

$= 231,905.47[\frac{0.00431(3.634)}{2.634}]$

= 231,905.47 × 0.005946

M = $1,378.91¢

Therefore her new monthly mortgage payment will become $1,378.91¢

4 0

4 years ago

Read 2 more answers

triangle ABC has A(1,2), B(3,1), and C(2,4). it is reflected across the x-axis and then across the y-axis. which point is in the

jarptica [38.1K]

What subject is this if this is math I am good at it

7 0

3 years ago

18 is what percent of 60?

anastassius [24]

18 divided by 60 = 0.3
0.3 x 100 = 30
18 is 30% of 60

7 0

3 years ago

Confused? Please, Help?

uysha [10]

Domain={-4,3} range={2,3}

8 0

3 years ago

Joseph needed $125 to buy a new pair of jordan's. His neighbor will pay him $6 per hour to walk his dog and his mother gave him

AveGali [126]

Answer: 14⅝ hiurs

Step-by-step explanation:

Based on the information given in the question, we can form an equation which will be:

8 + 6h = 125

where, h = number of hours

6h = 125 - 8

6h = 117

h = 117/8

h = 14 ⅝hours

Therefore, minimum amount of hours he will need to walk the dog in order for him to buy a new pair of Jordans is 14⅝ hours.

4 0

3 years ago