The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(180
15)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Brother=b
b+9=11
b=2
2=1/5a
10=a
a=10
The answer is 10
Hope this helps :)
Answer:
The answer to your question is the letter B) y = 3x - 3
Step-by-step explanation:
Data
Point = (2, 3)
slope = m = 3
Process
To solve this problem just substitute the values given in the slope-point equation.
Formula
y - y1 = m(x - x1)
x1 = 2 y1 = 3
-Substitution
y - 3 = 3(x - 2)
-Expand
y - 3 = 3x - 6
-Solve for y
y = 3x - 6 + 3
-Result
y = 3x - 3
Step-by-step explanation:
Hope it helps uh
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