The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
C
Step-by-step explanation:
Proof by some contradictions:
D is not a good example because she does not pay anything upfront
B is not a good example because he pays <u>everything </u>upfront with some of the money from a third party
A is not right because the 500 is a security deposit, which is a different concept from a down payment
Therefore the answer should be C, where money is payed upfront and payed after he receives the product.
Prime factors are basically the smallest whole numbers that multipy to get that number so
204=2 times 102
102=2 times 51
51=3 times 17
prime factorization is 2 times2 times 3 times 17
Answer:
I have a screenshot so here you go
Step-by-step explanation:
-7 feet because 0 is water level and the deck of the ship is 7 feet above eatet and the cabin is 14 feet below the deck so you subtract 14 from 7 and get -7 (7-14=-7)
