Answer: The total interest paid on the mortgage is $179550
Step-by-step explanation:
The initial cost of the property is $300000. If he deposits $30000, the remaining amount would be
300000 - 30000 = $270000
Since the remaining amount was compounded, we would apply the formula for determining compound interest which is expressed as
A = P(1+r/n)^nt
Where
A = total amount in the account at the end of t years
r represents the interest rate.
n represents the periodic interval at which it was compounded.
P represents the principal or initial amount deposited
From the information given,
P = 270000
r = 2% = 2/100 = 0.02
n = 12 because it was compounded 12 times in a year.
t = 25 years
Therefore,
A = 270000(1+0.02/12)^12 × 25
A = 270000(1+0.0017)^300
A = 270000(1.0017)^300
A = $449550
The total interest paid on the mortgage is
449550 - 270000 = $179550
Answer:
Step-by-step explanation:c
4+1, 3+2, 2+3, 1+4. 4 total combinations, unless 4+1 and 1+4 are the same. In that case, there are only 2, 1+4, and 2+3
Here, we are required to identify the dependent and independent variables, the dependency relationship in the situation.
- The independent and dependent variables are the weight of the dog and the amount of food it should respectively.
- The dependency relationship is thus; The amount of food a dog should eat is a function of the weight of the dog
- The dependency relationship using the function notation is; f(x) = {function of x}.
- The independent variable in this situation is the weight of the dog while the amount of food the dog should eat is the dependent variable. The above is evident from the statement; <em>T</em><em>he amount of food a dog should eat depends on the weight of the </em><em>dog</em><em>.</em>
- <em>According</em><em> </em><em>to </em><em>the </em><em>premise</em><em> </em><em>given </em><em>in </em><em>the </em>question, it is evident that the dependency relationship is;. The amount of food a dog should eat is a function of the weight of the dog
- The dependency relationship can be written mathematically using the function notation as;. f(x) = {function of x}.
Read more:
brainly.com/question/11239214
The answer is a(n) = 6n - 2
