The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
i think ur question is wrong
Answer:
see below PLEASE GIVE BRAINLIEST
Step-by-step explanation:
18,000 - 6000 = 12,000
12,000 ÷ 450 = 26.66 = 26 days 16 hours
Answer:
56 degrees
Step-by-step explanation:
Because DF is a line that makes it 180 degrees we know that the other two angles on that line are are 60 and 64 now we can make an equation:
60 + 64 + x = 180
124 + x = 180
Subtract 124:
x = 56
Answer:
2√6 ft
Step-by-step explanation:
Tan Ф = opposite/ adjacent
tan 60 = t / 2√2 ft
tan 60 = √3
t = (tan 60 )(2√2 ft)
t = (√3)(2√2 ft) = 2√6 ft
