1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Travka [436]
3 years ago
9

You need a loan for your new house that you want to buy. The amount you borrow is $550,000 and the annual interest rate is 2% fo

r 30 years. How much interest do you need to pay?
Mathematics
1 answer:
Natasha2012 [34]3 years ago
6 0

Answer:

Step-by-step explanation:

In the real world amortization mortgage loans have equal monthly installments paid for the life of the loan.

The monthly installments are found by

I=P\left(\frac{r-1}{r^n-1}+(r-1)\right)\\ \\ r=1+(r/12),\ n=12(30)=360\\ \\ I=550000\left(\frac{.00167}{1.00167^{360}-1}+.00167\right)\\ \\ I=\$ 2032.91\\ \\ \text{If we subtract the total paid over thirty years minus the principal we get the total interest paid.}\\ \\ 360(2032.91)-550000=$181846.56

You might be interested in
Someone please help!!!!!
Nadya [2.5K]

Answer:

144 people were originally at the party.

Step-by-step explanation:

18 boys is one fifth of the second boys population, so the second population is 18x9 = 162. The original population would be 162-18, which equals 144.

6 0
4 years ago
4. Use formulas to find the lateral area and surface area of the given prism. Round your answer to the nearest whole number. The
a_sh-v [17]
4.) The lateral area of a figure is the area of the figure with the exception of the bases.
Given a prism with right triangle bases, the lateral area of the prism is the sum of the areas of the rectangles making up the prism.
This is given by
Lateral area = (8.94)(41) + (4)(41) + (8)(41) = 366.54 + 164 + 328 = 858.54 ≈ 859 m^2

The surface area is the sum of the bases plus the lateral area. The area of a rectangle is given by half base times height.
Surface area = 1/2 x 8 x 4 + 1/2 x 8 x 4 + 859 = 16 + 16 + 859 = 891 m^2

5.) The surface area of a cylinder is given by pi r^2h where r is the radius = 12 inches and h is the height = 17 inches.
Surface area = π x (12)^2 x 17 = 2,448π = 7,690.62 in^2 ≈ 7,691 in^2
3 0
3 years ago
Give the digits in the ones place and the hundredths place.<br> 16.89
Usimov [2.4K]
Hundredths place=9
Ones place=6
5 0
4 years ago
How do I do 1 and 5?
Nat2105 [25]
I will show you how to do #5:

a).   -20 + 2(n-1)        Original Expression
       -20 +2n - 2          Distributive Property
       -22 + n                Combine Like Terms


Final Expression: -22 + n


b).  1.5 + (-2.5)(n -1)     Original Expression 
       1.5 + -2.5n + 2.5     Distributive Property
       4 - 2.5n                     Combine Like Terms 


Final Expression: 4 - 2.5n




8 0
3 years ago
Which of the following could be a rational number
finlep [7]
I dont know you tell me?
5 0
2 years ago
Read 2 more answers
Other questions:
  • Please help to fill in the fractions 2/8=.../4
    7·2 answers
  • Help me pls find m&lt;b. also to the best of your ability, pls explain it in your answer.
    9·1 answer
  • Let f(x) = 1/x+2 and g (x) = 1/x-3. Find (f/g) (x). Assume all appropriate restrictions to the domain. help!!!!
    5·1 answer
  • Help please i’ve been in here for hours looking for answers
    6·1 answer
  • Evacuate 8+ W/4 when W equals 16
    5·1 answer
  • Can someone explain?​
    6·1 answer
  • Please help, 10 mins till its due Which of the following equations represent a proportional relationship?
    14·1 answer
  • a card is drawn from a well-shuffled deck of 52 cards. Find the probability of drawing a 9 of spades.
    6·1 answer
  • !!!! Help! I don’t know this I’m so bad at math please help !!!
    15·2 answers
  • -2 5/12 - (-10 8/9)
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!