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horrorfan [7]
3 years ago
7

Mae took out a 30-year loan for $235,000 at 4.6% interest, compounded monthly. If her monthly payment on the loan will remain $1

204.71 for the life of the loan, how much will Mae have paid in interest once the loan is paid off?
Mathematics
2 answers:
zvonat [6]3 years ago
8 0
1204.71*30(years)*12(months per year)=$433,695.60
Original price was 235,000 so she paid 433,695.60-235,000=$198,695.60 in interest.
garri49 [273]3 years ago
4 0

Answer:

Mae paid $ 198695.6 in interest once the loan is paid off.

Step-by-step explanation:

Amount taken for loan, P = $ 235,000

Rate of interest, R = 4.6 %

Interest is compounded monthly for 30 years.

Monthly payment paid = $ 1204.71

Number of months in a year = 12

Number of months in 30 year = 12 × 30 = 360

So, Total Amount she pay in 30 year = 360 × 1204.71 = $ 433695.6

Thus, Interest = 433695.6 - 235000 = $ 198695.6

Therefore, Mae paid $ 198695.6 in interest once the loan is paid off.

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A triangle has vertices A(1, 1), B(2, 4), and C(4, 2). Line p is parallel to side AB and contains point C.
kenny6666 [7]

Answer:

p:y = 3x-10

Step-by-step explanation:

We are given the following in the question:

A(1, 1), B(2, 4), C(4, 2)

i) Slope of AB

A(1, 1), B(2, 4)\\\\m = \dfrac{y_2-y_1}{x_2-x_1}\\\\m = \dfrac{4-1}{2-1}=3

Thus, slope of AB is 3.

ii) Point slope form

The point slope form of a line can be written as:

y - y_1 = m(x - x_1)

The point intercept form of line can be written as:

y = mx + c

The line is parallel to AB and contains point C(4, 2). Since line p is parallel to AB, line p will have the same slope as line AB

Putting values, we get,

y - 2 = 3(x-4)\\y = 3x-12+2\\y = 3x-10

which is the required slope intercept equation of line p.

4 0
3 years ago
How many solutions does the equation y + 12 = y + 10 + 2 have?
coldgirl [10]

Infinitely many, because if you simplified the right side, it would equal the left side.

6 0
3 years ago
Read 2 more answers
Solve this function f(-4)= -3x+6
timama [110]

Answer:

Solve for f.

f(−4)=−3x+6

Step 1: Divide both sides by -4.

−4f/-4 = −3x+6/−4

f=3/4x + −3/2

Answer:

f= 3/4x + −3/2

7 0
3 years ago
40$ to the markup rate of 65% what is the final price?
djyliett [7]

Answer:

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Step-by-step explanation:

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4 0
3 years ago
Ng Order of Operations George has $15. He would like to know if he has enough money to see a movie ($9.00) and buy a pretzel ($2
UNO [17]

Answer:

No, George does not have enough money to buy everything.

The correct expression is:

15 - 9 - 2.65 - 1.35 - 2(1.74)

Step-by-step explanation:

Given that:

Money present with George initially = $15

Money required to see the movie = $9

Money required to buy a pretzel = $2.65

Money required to buy a drink = $1.35

Money required to buy 2 veggie cups = $2(1.74)

To find:

Whether there is enough money with George to complete all the tasks.

Solution:

First of all, let us calculate all the money required and then we can subtract all the money from the initial amount to find whether there is enough money present with George.

If the result is in positive, there is enough money with George.

Total money required for all the activities = $9 + $2.65 + $1.35 + $2(1.74) = $16.48

Expression = $15 - $16.48 = -$1.48

The result is negative, therefore there is not enough money.

The correct expression is:

15 - 9 - 2.65 - 1.35 - 2(1.74)

5 0
3 years ago
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