Answer:
Price after sale: $4.04
$0.71 saved
Step-by-step explanation:
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)^(180
15)
⇒ 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 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Step-by-step explanation:
→ 42 = 7u - u
→ 42 = 6u
→ 42/6 = u
→ 7 =u or U = 7
<em><u>hope </u></em><em><u>this</u></em><em><u> answer</u></em><em><u> helps</u></em><em><u> you</u></em><em><u> dear</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>take </u></em><em><u>care </u></em><em><u>and</u></em><em><u> may</u></em><em><u> u</u></em><em><u> have</u></em><em><u> a</u></em><em><u> great</u></em><em><u> day</u></em><em><u> ahead</u></em><em><u>!</u></em>
.08 cents per ounce, because 2.40 ÷30 =.08