One fourth is the same as 1/4
1. 2
÷
4. 1
Reciprocal
1. 1
×
4. 2
Multiply normally.
1/8=answer
Step 1: Find a number you can multiply by the bottom of the fraction to make it 10, or 100, or 1000, or any 1 followed by 0s.
Step 2: Multiply both top and bottom by that number.
Answer:
I think its 38 however i could be wrong
Step-by-step explanation:
Self explanatory i just added them
**Put as brainliest if you wish**
Based on the purchase price of Lisa's home, the mortgage period, and the interest rate on the loan, Lisa's monthly payment is D)$957.72.
<h3>What is Lisa's monthly payment?</h3>
First find the loan amount:
= 75% x purchase price
= 0.75 x 185,500
= $139,125
Convert rate and period to monthly figures:
= 15 x 12 = 2.990 / 12
= 180 months = 0.24917%
Monthly rate is an annuity while the loan amount is the present value of an annuity:
Present value of annuity = Annuity x ( 1 - (1 + rate) ^ -number of periods) / rate
139,125 = A x ( 1 - (1 + 0.24917%) ⁻¹⁸⁰) / 0.24917%
A = 139,125 ÷ ( ( 1 - (1 + 0.24917%) ⁻¹⁸⁰) / 0.24917%)
A= $957.72
Find out more on monthly mortgage payments at brainly.com/question/22846480.
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