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Elena-2011 [213]
2 years ago
13

Suppose you buy a home and finance $275,000 at $2,223.17 per month for 30 years. What is the amount of interest paid? (Round you

r answer to the nearest cent.)
Mathematics
1 answer:
trasher [3.6K]2 years ago
5 0
<h3>Answer:  $525,341.20</h3>

Explanation:

30 years = 30*12 = 360 months

If the monthly payment is $2,223.17 for 360 months, then you'll pay back a total of 2223.17*360 = 800,341.20 dollars overall.

Subtract off the amount financed, or amount loaned, to get the total interest.

800,341.20 - 275,000 = 525,341.20 is the amount of interest paid (in dollars).

This works because effectively, the total amount paid back consists of principal + interest. The principal is the amount the bank loans you.

So we could rephrase that last equation into saying

principal + interest = 275,000 + 525,341.20 = 800,341.20 = total amount paid back.

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Naddik [55]

2/5=0.2

1/4=0.25

0.2/0.25= 0.8

6 0
3 years ago
Asnwer question in screenshot pls
AlexFokin [52]
<h3>Answers:</h3>
  • first box = 0
  • second box = 0
  • third box = 4
  • fourth box = -3

It's not a typo that 0 is written twice.

==============================================================

Explanation:

This is considered a step function because it resembles steps or a staircase. The vertical pieces aren't drawn to allow it to remain a function (or else it fails the vertical line test). Also there should be open holes at each left endpoint.

Recall that any horizontal line has a slope of 0 due to the fact that the rise is 0

slope = rise/run

The rise takes care of the vertical change in position. But if the line doesn't go up or down, then rise = 0 leads to slope = 0.

In short, the slope of each horizontal portion is 0. It doesn't matter which sub-section you focus on.

This is why you'll type 0 into the first two boxes.

------------------

As for the remaining two boxes, you'll be looking where the graph is the highest and the lowest to determine the max and min y values respectively.

We see that y peaks at y = 4 at the very top. So you'll type 4 into the third box.

Furthermore, we see that the lowest part of the graph is when y = -3. Therefore, this is the minimum aka smallest y value and you'll type -3 into the fourth box.

7 0
2 years ago
A buck sold 32,300 copies in its first month of release. Suppose this represents 8.8% of the number of copies sold today. How ma
harkovskaia [24]
8% of 32,300=x
.08 x 32,300= 2,584
8 0
3 years ago
The sum of 4 consecutive integers is -26.What are the integers
AnnZ [28]

Answer:

-38/4, -2 38/4, -4 38/4, -6 38/4

Step-by-step explanation:

x+(x+2)+(x+4)+(x+6) = -26

4x+12=-26

4x= -38

x=-38/4

7 0
3 years ago
Find an equation for the following.<br><br>X: 0, 1, 2 <br>Y: 3, 5, 7
joja [24]
Try plotting the points on a graph, it might make it a bit easier to figure out an equation
5 0
3 years ago
Read 2 more answers
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