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Inessa05 [86]
3 years ago
13

An investor obtains a balloon mortgage with the terms shown below.

Mathematics
1 answer:
Flauer [41]3 years ago
6 0

9514 1404 393

Answer:

  a.  $3,455.20

Step-by-step explanation:

The monthly payment is given by the amortization formula:

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

for loan amount P at annual rate r for t years.

For this mortgage, we use P = $530,000, r = 0.068, t = 30.

  A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20

The monthly payment is $3,455.20.

_____

<em>Additional comment</em>

In 7 years, the balloon payment will be $481,559.91.

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There are 24 girls on the track team. First race2/3 girl ran.only1/4 girl ran in second race. 1/6 on third race. Hiw many more g
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Answer:

10 more girls

Step-by-step explanation:

So here 2/3 of 24 ran for first race

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3 years ago
Find the equation of the line. use exact numbers.
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6 0
3 years ago
Celia sells calendars for fundraiser. Each calendar cost $9. She sells 16 calendars to her family members and 14 calendars to th
Sunny_sXe [5.5K]

Answer:

Since Her goal is to earn $ 300 , but now she is earning only $270 ,Hence Celia will not achieve her goal  .

Step-by-step explanation:

Given as :

The cost of each calendar = $ 9

The number of calendar sold to the family = 16

The number of calendar sold to the neighborhood = 14

So, Total number of calendar sold by Celia = The number of calendar sold to the family + The number of calendar sold to the neighborhood

i.e Total number of calendar sold by Celia = 16 + 14 = 30

∵ The cost of each calendar = $ 9

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Since Her goal is to earn $ 300 , but now she is earning only $270 ,Hence Celia will not achieve her goal  .  Answer

5 0
3 years ago
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