Answer:
<h2>here's the answer</h2>
Step-by-step explanation:
Question : 18 is 50% of what number?
Answer : 36.
How : well if you multiply 18 times 2 the answer is 36. Since 18 is half of 36, being 50%
-procklown
Use the formula for the sum of a geometric sequence:
Sum = (a(r^n - 1))/(r - 1)
where a is the first term, -3
r is the common ratio, -2
and n is the number of terms
Thus,
Sum = ((-3)((-2)^10 - 1))/(-2-1) = 1023
Answer:
$637.50
Step-by-step explanation:
According to the Question,
- Given That, A seller of the property listed at $200,000 excepted a 90% offer the home appraised at $185,000 and the buyers obtained a loan for 85% for 30 years at 5% interest
Thus, the first months interest is
$200,000 list price x 0.90 = $180,000 contract sales price.
Since lender always uses the less of the appraised value or the contract sales price, use $180,00 for the remainder of the calculations.
- $180,000 contract sales price x 0.85 LTV = $153,000 loan.
- $153,000 loan x 0.05 interest rate = $7,650 annual interest.
- $7,650 ÷ 12 = $637.50 monthly interest payment for the first month.
