Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Answer:
20%
Step-by-step explanation:
The sum of each group of numbers are as follows:
1. 110 + 83 + 328 = 521
2. 92 + 37 + 14 + 66 = 209
3. 432 + 11 + 157 + 30 = 630
It does not matter how much you re-arrange the numbers in each group, you will keep arriving at the same answers, this is because the sum of a particular set of numbers will always remain the same.
Answer:
15500 is the answer
Step-by-step explanation:
Answer:
4137.5 per year
Step-by-step explanation:
what you would do is take the number for private college and divide it by 8 years since you only want one year and divide that by four since it says four years and that would be your answer
