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Sidana [21]
3 years ago
11

Please help I'll give the best answers Brainly

Mathematics
1 answer:
Hoochie [10]3 years ago
5 0

Answer:

a: x = -4

b: x = 4

c: y = 4

d: y = -2

e: y = -3/4x + 1

Step-by-step explanation:

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Question #1 - A new housing development offers homes with a mortgage of $222,000 for 25 years at an annual interest of 8%. Find
sladkih [1.3K]

Answer:

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so amount financed = $19,000  

Step-by-step explanation:

given data

principal = $222,000

time = 25 year

annual interest rate = 8%

purchased = $23,750

down payment = 20%

to find out

monthly mortgage payment and amount financed

solution

first we get here monthly mortgage payment that is express a s

monthly mortgage payment = principal × \frac{r(1+r)^{t}}{(1+r)^t -1}   ....................1

here r is rate per month = \frac{0.08}{12} and t is time = 12 ×  25 = 300 months

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amount financed will be

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