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atroni [7]
3 years ago
13

The answer to: 3<2p-3<12

Mathematics
1 answer:
liq [111]3 years ago
6 0
3<p<15/2 should be right
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Clark and Lindsey Banks have agreed to purchase a home for $225,000. They make a down payment of 15%. They have obtained a mortg
katrin [286]

Answer:

Mortgage total is $387,400.11.

Step-by-step explanation:

Thee monthly mortgage monthly payment is first calculated using the following formula:

M = P * (r / (1 – (1 + r)^-n)) …………………………. (1)

Where;

M = monthly payment = ?

P = principal = Purchase price * (1 - Down payment percentage) = $225,000 * (1 - 15%) = $191,250

r = monthly interest rate = annual interest rate / 12 = 6.5% / 12 = 0.065 / 12 = 0.00541666666666667

n = number of months = 25 years * 12 months = 300

Substituting the values into equation (1), we have:

M = $191,250 * (0.00541666666666667 / (1 - (1 + 0.00541666666666667)^-300))

M = $191,250 * 0.00675207161347643

M = $1,291.33

Mortgage total can now be calculated as follows:

Mortgage total = Monthly payment * Number of years * Number of months in a year

Mortgage total = $1,291.33 * 25 * 12

Mortgage total = $387,400.11

Therefore, the mortgage total is $387,400.11.

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Real fourth roots of 81
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Step-by-step explanation:

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What is 100/8 simplified
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25/2 because you can reduce by 4.
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The letter "x" is often used in algebra to mean a value that is not yet known. It is called a "variable" or sometimes an "unknown". In x + 2 = 7, x is a variable, but we can work out its value if we try!

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