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
lbvjy [14]
3 years ago
8

Marissa is purchasing a home for $169,000. Her loan has been approved for a 30 year fixed-rate loan at 5 percent annual interest

. Marissa will pay 20 percent of the purchase price as a down payment. What will her monthly payment be?
Mathematics
2 answers:
Yuri [45]3 years ago
8 0

Answer:

her monthly payment = $725.78

Step-by-step explanation:

The cost of Marissa's Home = $169,000.

Down-payment = 20% of the cost = 0.2 x 169000 = $33,800.

Loan Present Value, PV = $169000 - $33800 = $135,200.

Interest rate, R = 5%/12 = 1/240 = 0.004167

Tenure, N = 30 years = 30 x 12 = 360 months.

Pmt = \frac{PV*R}{[1-(1+R)^{-N} ]} \\\\Pmt = \frac{135,200*0.004167}{[1-(1+0.004167)^{-360} ]} \\\\Pmt = \$725.78

Hence, her monthly payment = $725.78

Snezhnost [94]3 years ago
4 0
$907.23 I believe hope im write
You might be interested in
Certain items are purchased jointly. If each person pays 8 coins, the surplus is 3 coins, and if each person gives 7 coins, the
Karo-lina-s [1.5K]

Answer:

7 people purchase the items and they used 53 coins

Step-by-step explanation:

Let x represent the number of people.

Let y be the number of coins needed to purchase the items.

If each person pays 8 coins, the surplus is 3 coins. This is illustrated below:

8x = y + 3 (1)

if each person gives 7 coins, the deficiency is 4 coins. This is illustrated below:

7x = y — 4 (2)

Solving by elimination method: subtract equation(2) from equation (1). This is illustrated below:

8x = y + 3 (1)

— (7x = y — 4) (2)

x = 7.

Next, Substituting the value of x into any of the equation to obtain y. In this case I will be using equation 1 as illustrated below:

8x = y + 3 (1)

8(7) = y + 3

56 = y + 3

Collect like terms

y = 56 — 3

y = 53

Therefore, 7 people purchase the items and they used 53 coins

7 0
3 years ago
How do you find the x and y intercept on a table
Simora [160]
X intercept is where x=0
y intercept is where y=0
4 0
3 years ago
Which expression is equivalent to (18x + 9k) + (2x + 6k)?
Verizon [17]

20x + 15k is the answer we just have to remove the bracket and add the terms

hope it helps

4 0
3 years ago
Read 2 more answers
Solve for x. 4−(2x+4)=5 x=6 x=−52 x=−10 x=32
sashaice [31]

Answer:

Step-by-step explanation:

4−(2x+4)=5

4-2x - 4 =5

-2x = 5

x= -5/2 = -2.5

5 0
3 years ago
What are the distances between the two points (2,-4) , (2,6)
kotegsom [21]

Answer:

10

Step-by-step explanation:

8 0
3 years ago
Read 2 more answers
Other questions:
  • Can you guys. help me up pliz
    10·2 answers
  • What is 149.6 billion in scientific notation?
    5·1 answer
  • Can someone please help with any of these
    11·2 answers
  • Please help me fast!
    13·1 answer
  • Hellllllllllllllllllllllllllllllllllllllllllpppp
    12·1 answer
  • Which fraction, when converted, is a repeating decimal? A 38 B 1125 C 25 D 57
    5·1 answer
  • Lee Ann earned $102.00 working for 8 hours at her job as a secretary at her second job in the mall, she earned $40.50 working fo
    10·2 answers
  • Help what is the quadratic equation because I think I did it wrong
    9·1 answer
  • It’s due today please help meeee!!
    7·1 answer
  • PLEASE SHOW ALL WORK
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!