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ExtremeBDS [4]
3 years ago
11

Ms. Smith borrowed $220,000 from the bank to purchase a house. The 30- year loan has an annual interest rate of 5.5%. Calculate

the monthly payment
Mathematics
1 answer:
Fantom [35]3 years ago
8 0
So first off, $220,000 divided by 30 is 7333.1/3cont. so we take 7333.1/3cont. times 1.055 (bc it’s increasing and we got to move the five two places) and we get 7736.2/3cont. that is what ms.smith has to pay each year for 30 years. so divide that number by 12 (months) and we get 644.722222222cont. so there u go. that’s what she pays a month $644.72
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Richard’s checking account balance was $57.34 at the beginning of the week. During the week, he recorded the transactions below.
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Answer:

<u>Richard’s account balance at the end of the week = US$ 132.45</u>

Step-by-step explanation:

1. Let's review the information provided to us to answer the question correctly:

Richard’s checking account balance at the beginning of the week = $57.34

2. What was Richard’s account balance at the end of the week?

Deposits of the week = US$ 163.75

Expenses of the week = Groceries + Credit card bill + Gas

Expenses of the week = 25.37 + 50 + 13.27

Expenses of the week = US$ 88.64

Richard’s account balance at the end of the week = Richard’s checking account balance at the beginning of the week + Deposits of the week - Expenses of the week

Replacing with the real values:

Richard’s account balance at the end of the week = 57.34 + 163.75 - 88.64

<u>Richard’s account balance at the end of the week = US$ 132.45</u>

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Answer:

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I counted each of the cubes and got 64.

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