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zmey [24]
2 years ago
10

Aimee and Ben are purchasing a condominium and are financing $160,000. The mortgage is a 20 year 3/1 ARM with a cap structure of

1.5/10. What will their payments be for the first 3 years?
Mathematics
1 answer:
yarga [219]2 years ago
6 0

Answer:

$1169.45

Step-by-step explanation:

Using the formula:

P = L \Big( \dfrac{c(1+c)^n}{(1+c^n) -1} \Big)

where;

Loan amount L = 160000

number of months (n) = 20 × 12 = 240

Lets assume that the interest rate per month c = 6.25% since it is not given.

i.e. (6.25/( 100*12) ) = 5.208 × 10⁻³

∴

P = 160000 * \dfrac{5.208 *10^{-3} (1+5.208 *10^{-3})^{240}}{(1+5.208 *10^{-3})^{240}-1}

P = $1169.45

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In the trapezoid at the right, BE= 2x-8, DE= x-4, and AC= x+2
Marta_Voda [28]

Answer:

A.  x = 5 (Equation below)

B. AC = 9 | BD = 9

Step-by-step explanation:

A. Since we know the diagonals of an isosceles trapezoid are congruent, we know that the two bottom parts of the diagonal BD (2x - 8 and x - 4) are congruent to the diagonal AC (x + 2) . This means you can just equal them together and get the value of x:

2x - 8 + x - 4 = x + 2

3x - 12 = x + 2

3x = x + 14

2x = 14

x = 7

B. Just plug in 5 for x:

AC = x + 2 = 7 + 2 = 9

BD = 2x - 8 + x -4 = 3x - 12 = 21 - 12 = 9

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3 years ago
(a) How would you characterize the relationship between the hours spent on homework and the test scores? Explain.
cricket20 [7]
A) there is a linear relationship with the test scores go up with increasing hours spent on hw

b) y=8x+40 so at x=3h, y=test score= 8*3+40 = 64

c) 40 represents test score when u spend 0 hour on hw


5 0
3 years ago
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6409 divided by 61 = ?
Kitty [74]
105 r4
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3 years ago
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Please help me Algebra Graph!​
Luba_88 [7]
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3 years ago
:(((( i can't get this one! Please help...
ValentinkaMS [17]

Answer:

  4877 fish

Step-by-step explanation:

Each year, the fish population is multiplied by 1-6% = 0.94, so after 8 years it has been multiplied by 0.94^8 ≈ 0.609569.

At that time, the population is ...

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3 years ago
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