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Tasya [4]
3 years ago
8

19 times 15 with estimating

Mathematics
1 answer:
VladimirAG [237]3 years ago
3 0
284....................
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5
user100 [1]

The total interest on the mortgage loan  is $219,249.60

What is a mortgage loan?

It is a loan taken in order to purchase a property that requires periodic repayments such as monthly repayment since most mortgages are repaid monthly.

Our first task is to determine the monthly repayment using the present value formula of an ordinary annuity because the monthly payment becomes due at the end of each month.

PV=monthly repayment*(1-(1+r)^-N/r

PV=loan amount=$210,000

monthly repayment=unknown(assume it is X)

r=monthly interest rate=5.5%/12=0.00458333333333333

N=number of monthly payments in 30 years=30*12=360

$210,000=X*(1-(1+0.00458333333333333)^-360/0.00458333333333333

$210,000=X*(1-(1.00458333333333333)^-360/0.00458333333333333

$210,000=X*(1-0.19277525234572900)/0.00458333333333333

$210,000=X*0.80722474765427100/0.00458333333333333

$210,000=X*176.12176312456800000

X=$210,000/176.12176312456800000

X=monthly payment=$1,192.36

total repayments(360 months)=$1,192.36*360

total repayments(360 months)=$429,249.60

Total interest=total repayments(360 months)-loan amount

Total interest=$429,249.60-$210,000

Total interest=$219,249.60

Find more on mortgage payment on:brainly.com/question/22846480

#SPJ1

7 0
2 years ago
What is the fraction in decimal form? 21/6 Enter your answer in the box.
ycow [4]
The correct way 21/6 would be in decimal form is 3.5
5 0
3 years ago
Read 2 more answers
Which of the following numbers is between 0.08 and 0.4?
Delicious77 [7]

Answer:

C

Step-by-step explanation:

the numbers between 0.08 and 0.4 are:

0.09, 0.10, 0.11, 0.12, 0.13, 0.14, 0.15, .16, 0.17, 0.18, 0.19, 0.20, 0.21, 0.22, 0.23, 0.24, 0.25, 0.26, 0.27, 0.28, 0.29, 0.30, 0.31, 0.32, 0.33, 0.34, 0.35, 0.36, 0.37, 0.38, 0.39

I bolded the number closest to your answer choices, hope this helps!

3 0
3 years ago
Find x in the parallelogram OA =(X+23) IN ; OC=31 in
ddd [48]
82 Europe dduuxhxxhhchcch
3 0
3 years ago
Which statement is NOT always true?
Vera_Pavlovna [14]

Answer:

are you in 8B

Step-by-step explanation:

4 0
3 years ago
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