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cluponka [151]
2 years ago
11

You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 8: interest compounded monthly. a) How big of

a loan can you afford?​
Mathematics
1 answer:
jarptica [38.1K]2 years ago
3 0

Answer:

PV= Max Loan amount = PMT*B(i,T) and PMT = 1200. Calculate B(i,T) = B(6%/12, 360)

=(12/.06)(1-(1/(1.005))360)  I will let you complete the calculation

Step-by-step explanation:

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Can someone please help with this? I'll give brainliest. I don't understand this... or the explanation it gives... the page befo
tresset_1 [31]

Step-by-step explanation:

Hello!
I'd love to help you learn.
I see the formula attached is 4*(\frac{1}{2})^{x} =-2^{x}-1\\

This problem is explaining you to graph, since algebraically it's a little more harder to try and find the solution.

Since they're both equal to each other, we can assign a variable like y, so we can make them into two individual lines.

You can use your scientific calculator to graph lines like this, or otherwise there are online sources (Desmos helps alot!) which can graph two equations as so.

Now that we have the corresponding system of equations, we can graph both.

y=4*(\frac{1}{2})^x\\ y=-2^x-1
Let's graph them on Desmos on the same plane. The answers are attached. Red is the first equation, blue is the second.

What determines the solutions of a system of equations?

-No solution: the two lines will never intersect/does not intersect ever, which means that there are no set point where it satisfies both equations.

-One solution: the two lines intersect once and only once, meaning that there is that one set point where the x and y values both satisfy both equations.

-Multiple solutions: the two lines will intersect each other multiple times, meaning there are multiple set points where the x and y values satisfy both equations. You usually will not have to worry about these problem sets.

-Infinite solutions: the two lines are both the same line, which means every x and y value will satisfy both equations.

Looking at the solution attached, we can see that there are no places where a system of equations intersect, therefore ruling it that they have no solution.

And to answer your last question, an asymptote is a imaginary line in which a equation can approach closely and closely, but will never touch that imaginary line. Think of a line at y=\frac{1}{x}. When you graph it, you can see that the two lines never ever EVER intersect the y-axis, or x=0; giving that x=0 as a vertical asymptote.

5 0
2 years ago
What is the cost of operating a 3.00-w electric clock for a year if the cost of electricity is $0.0900 per kw · h ?
brilliants [131]
We must take into account the following change of units:
 1kw = 1000w

1 year = 365 days

1 day = 24 hours
 Applying the change of units we have that the electric consumption for 1 year is given by:
 (3) * (1/1000) * (365) * (24) = 26.28 kw * h

 Then, the total cost is given by:
 (26.28) * (0.0900) = 2.3652

 Answer:
 
the cost of operating a 3.00-w electric clock for a year is:
 
$ 2.3652
8 0
3 years ago
A laundromat charges $10.80 to clean 18 pounds of laundry. At the same rate, how much will the laundromat charge for 28 pounds o
Drupady [299]

Answer: 16.80 for 28 pounds of laundry

7 0
3 years ago
What is 20 7/8 in decimal form
ValentinkaMS [17]

Answer:

20.875

Step-by-step explanation:

divide it and this is what get.

6 0
2 years ago
Read 2 more answers
Given the data set (200, 150, 325, 350, 100, 75), Find the range of the data set
andriy [413]
The range is just the distance between the biggest number
and the smallest one.

The biggest number on that list is  350 .
The smallest number on that list is  75 .

The range is from  75 to 350, or a distance of  275 .
4 0
2 years ago
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