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3 years ago

(a) An angle measures 43°. What is the measure of its supplement

Mathematics

1 answer:

Inga [223]3 years ago

8 0

The answer is 137° because supplementary means the 2 angles must equal 180°

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Consider a home mortgage of $225,000 at a fixed APR of 4.5 % for 30 years. a. Calculate the monthly payment. b. Determine the

White raven [17]

<u>The formula for the monthly payment</u>.....

$M= \frac{P(1+r)^nr}{[(1+r)^n] -1}$ , where P = the principal amount, r = the monthly interest rate and n = the total number of months.

Here annual interest rate is given as 4.5%

So, the monthly interest rate $=\frac{4.5\%}{12}= 0.375\% = 0.00375$

Total number of months $= (30*12)months=360 months$

Also given that, the principal amount is $225000

a. So, the monthly payment will be.....

$M= \frac{P(1+r)^nr}{[(1+r)^n] -1}\\ \\ M= \frac{225000(1+0.00375)^3^6^0*0.00375}{(1+0.00375)^3^6^0 -1}\\ \\ M= \frac{225000(1.00375)^3^6^0*0.00375}{(1.00375)^3^6^0 -1} \\ \\ M \approx 1140$

Thus, the monthly payment will be approximately $1140

b. The <u>total amount paid</u> over the term of the loan will be: $\$ 1140*360 months = \$ 410400$

c. As the principal amount was $225000 , so the amount of interest $= (\$ 410400- \$ 225000)= \$ 185400$

So, the percentage of amount that is paid toward the principal $=\frac{225000}{410400}*100\% =54.82\%$

and the percentage of amount that is paid toward the interest $=\frac{185400}{410400}*100\%=45.18\%$

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3 years ago