What steps to get the principle of a 30 year loan at 5.5%?

1 answer:

8 0

Multiply 30 -- the number of years of the loan -- by the number of payments you make each year. For example, 30 X 12 = 360. You are making 360 payments over the course of the loan. Divide your mortgage interest rate by your total payments.

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The Hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. What is the monthly payment?

viktelen [127]

We know that

P = A/D
Where,
P = monthly payments,
A = Total amount =$1,000,000
$D=[(1+r/12) ^{12*t}-1]/[(r/12)*(1+r/12)^{12*t}]$

in this problem

t=30 years
r=8%----> 0.08

$D=[(1+0.08/12) ^{12*30}-1]/[(0.08/12)*(1+0.08/12)^{12*30}] =136.2835$

$P=1000000/136.2835-----\ \textgreater \ P=$7337.65$

the answer is
$7337.65

4 0

2 years ago

Conplete the square to solve the quadratic equation. x<br><img src="https://tex.z-dn.net/?f=1%20%7Bx%7D%5E%7B2%7D%20%20-%206x%20

o-na [289]

Answer:

$\large\boxed{x=4\pm2\sqrt6}$

Step-by-step explanation:

$x^2-6x+12=2x+20\qquad\text{subtract}\ 2x\ \text{and}\ 12\ \text{from both sides}\\\\x^2-8x=8\\\\x^2-2(x)(4)=8\qquad\text{add}\ 4^2=16\ \text{to both sides}\\\\x^2-2(x)(4)+4^2=8+4^2\qquad\text{use}\ (a-b)^2=a^2-2ab+b^2\\\\(x-4)^2=24\iff x-4=\pm\sqrt{24}\\\\x-4=\pm\sqrt{4\cdot6}\\\\x-4=\pm\sqrt4\cdot\sqrt6\\\\x-4=\pm2\sqrt6\qquad\text{add 4 to both sides}\\\\x=4\pm2\sqrt6$

6 0

2 years ago

According to the histogram above, how many people weigh between 150 and

Inga [223]

Answer: C. 14

3 people weigh between 150-159

4 people wiegh between 160-169

7 people wiegh between 170-179

5 0

2 years ago

What is 3+5+9+11+2+7?

Mumz [18]

Its 37 and yea its an easy question lol

7 0

2 years ago

Read 2 more answers

The company A produces products a, and the company B produces products b. It is known that 3 percent of companies that produce p

jeka94

Answer:

0.00183

Step-by-step explanation:

The two companies produce different products and the chance to go bankrupt will be different based on the product made. So, the probability of the company A and B to go bankrupt is independent.

To find the answer of this question, we just need to multiply the probability to go bankrupt of each company. The calculation will be:

P(A=bankrupt) * P(B=bankrupt)= 3% * 6.1% =0.183%= 0.00183

5 0

3 years ago