Answer:
$100 + $66.67 + $55 = $221.67/month, which is the amount that must be deposited into Pam's escrow account each month....
Step-by-step explanation:
Pam's annual taxes are $1200 per year. It means her escrow each month needs to have 1/12 of that amount. 1200/12 = $100 per month
Her homeowner's insurance is $800 per year, that's 1/12 of that needs to be in her escrow account each month:
$800 / 12, or $66.67/month.
And PMI is $55/month
Add these three together:
$100 + $66.67 + $55 = $221.67/month, which is the amount that must be deposited into Pam's escrow account each month....
Answer:
200,000 hours
Step-by-step explanation:
1,000,000 divided by 5 = 200,000
Answer:
Monthly payment = $268.32
Over the 10 years interest
= $32198.4
Step-by-step explanation:
According to the question
James will be paying his interest on a monthly basis.
So let's calculate how much the interest of a month it's going to be become with
P = 64397
R = 5
T =1/12
I = (64397*5*(1/12))/100
I = 321985*(1/12)/100
I = 26832.08333/100
I = 268.32
I = $268.32
So he will be paying$ 268.32 every month for 10 years
But in 10 years we have 10*12= 120 months
So total interest = 120*268.32
= $32198.4
Answer:
D
Step-by-step explanation:
Answer: The slope is 2.
Step-by-step explanation: Slope is Rise/Run
The rise is the difference in y-values, given as 6.
The Run is the difference in x-values, given as 3
6/3 = 2