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asambeis [7]
3 years ago
12

Given a mortgage of $48,000 for 15 years with a rate of 11%, what are the total finance charges?

Mathematics
2 answers:
geniusboy [140]3 years ago
8 0
I believe it is C....I could always be wrong...but i used a mortgage calculator :) <span />
Bess [88]3 years ago
7 0

Answer:

The correct answer is option A

Step-by-step explanation:

M = P \frac{(r (1+r)^n}{(1+r)^{n-1} }\\= 48,000 \frac{(0.11 (1+0.11)^15}{(1+0.11)^{15-1} }\\\\= 6576\\

The total finance charges

= 48,000 + 6,576\\= 54, 576\\

The correct answer is option A

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loris [4]

It can be helpful to remember that "%" is just a shorthand way to write "/100" (divided by 100, or per 100, or per cent). ("Cent" is often used to refer to 100 or 1/100. A "cent" is 1/100 of a dollar, or 1/100 of an acre, for example. A <em>cent</em>ury is 100 years.)

Make the denominator of your fraction be 100. Multiply numerator and denominator by 20/20.

(2/5)×(20/20) = 40/100 = 40%

You can also get there via decimals.

... 2/5 = 0.4 = 0.40 (40 hundredths) = 40/100 (40 hundredths) = 40%

Or, you can multiply by 100%.

... (2/5)×(100%) = (200/5)% = 40%

7 0
2 years ago
Write a ratio for the following description: Kaleel made three times as many baskets as John during a basketball practice.
Hoochie [10]

Answer:

3:1

Step-by-step explanation:

If John makes 3, Then Kaleel makes 9,  If John makes 1, Then Kaleel makes 3.

8 0
2 years ago
Find the x-intercepts/roots of the polynomial function. Also, identify the degree of the polynomial
Mrac [35]

Answer:

Step-by-step explanation:

7.

roots=-2,-1,1,3

critical points=(-1.5,-3),(0,6),(2,-13)

absolute minimum=-13

End behavior :approaches +infinity

Relative max=6 at (0,6)

Relative min. =-3 at (-1.5,-3)

and -13 at (2,-13)

interval of increase=(-1.5,0)∪(2,∞)

interval of decrease=(-∞,-1.5)∪(0,4)

8.

roots=-1,2

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Abs.max/abs.min=not defined

End behavior:-∞ to +∞

Relative max=10.5

Relative min=-10.5

interval of increase=(-∞,0.5) ∪ (4,∞)

interval of decrease=(0.5,4)

4 0
3 years ago
Find the measure of the indicated angle.
Nady [450]

Answer:

X=4

Step-by-step explanation:

30x+5=31x+1

x=4

7 0
3 years ago
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exis [7]

y = Acos(Bx) + D;

D = 4, A = 2. Now T = 2π/B = 5π/8, B = 2π/(5π/8) = 16/5

WE get y = 2cos(16/5x) + 4

4 0
2 years ago
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