1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aivan3 [116]
2 years ago
10

Jason and Pam recently bought a house. They financed the house with a $250,000, 30-year mortgage with a nominal interest rate of

77% compounded monthly. Mortgage payments are made at the end of each month. What would be their house payment?
Mathematics
1 answer:
Annette [7]2 years ago
6 0

Answer:

Annual payument (PMT)= $1,663.19

Step-by-step explanation:

Giving the following information:

Loan (PV)= $250,000

Monthly interest rate (i)= 0.07/12= 0.005833

Number of periods (n)= 12*30= 360 months

<u>To calculate the monthly payment, we need to use the following formula:</u>

Annual payument (PMT)= (PV*i) / [1 - (1+i)^(-n)]

Annual payument (PMT)= (250,000*0.005833) / [1 - (1.005833^-360)]

Annual payument (PMT)= $1,663.19

You might be interested in
Can I get help on this please
Alekssandra [29.7K]
Hello!

I've attached the diagram.

For this problem, since you have a right triangle, you can use the Pythagorean Theorem to fine the length of the ladder (the hypotenuse of the triangle).

Pythagorean Theorem (where c is the hypotenuse):
a² + b² = c²

The triangle's leg lengths are 8 and 6; substitute into the theorem:
8² + 6² = c²

Simplify:
64 + 36 = c²
100 = c²
10 = c

Answer:
The length of the ladder is 10 m.

4 0
2 years ago
Read 2 more answers
Help plz
Ganezh [65]

Answer:

1 pound?

Step-by-step explanation:

4/4 = 1 * 1 = 1

8 0
3 years ago
Read 2 more answers
1) the entrance way to the presidio is a rectangle topped by a half circle arch that is 3.2m wide. If the ratio of the area of t
alexandr402 [8]
The answer to the height of the thing is 4.2
6 0
2 years ago
Graph a line with a slope of 4 that contains the point (3,0). FOR 100 POINTS PLS
dimulka [17.4K]

Answer:

Hi there!

Recall that slope-intercept form is:

y = mx + b

Where m = slope

In this instance, we are given a slope of 4,

therefore:

y = 4x + b

Substitute in the x and y coordinates of the point given:

0 = 4(3) + b

0 = 12 + b

Substract 12 from both side:

-12 = b

Therefore, the equation would be:

y = 4x - 12

Graph the equation by finding x and y values or using a calculator:

x = 0, y = 4(0) - 12 = 12 (0, 12)

x = 1, y = 4(1) - 12 = - 8 (1, -8)

x = 2, y = 4(2) - 12 = - 4 (2, -4)

x = 3, y = 4(3) - 12 = 0 (3, 0)

And so forth:

Thanks<8

4 0
3 years ago
Which of the following is the correct factorization of the polynomial below? x^3-15
Anuta_ua [19.1K]
The polynomial is irreducible.
4 0
3 years ago
Read 2 more answers
Other questions:
  • 2. What value of x would make the expression below equal to 6​
    11·1 answer
  • Select the relations that are functions.
    6·1 answer
  • Ratio 30 seconds to 5 min write as a fraction in lowest terms
    5·1 answer
  • (5x^3y)^3(x^2y^2)<br> A. 5x^5y^5<br> B. 125x^11y^5<br> C. 125x^5y^5<br> D. 5x^11y^5
    15·1 answer
  • 4. Name one ray.<br><br><br><br> plz help me
    10·1 answer
  • What is the greatest common factor 12,28, and 4
    13·2 answers
  • Guys please which one is the right answer
    6·2 answers
  • Use the exponential function y=500(.9)^x to find the value of the video game console after 4 years.
    6·1 answer
  • Find 5 rational numbers between 1 and 2​
    13·1 answer
  • Use rounding to estimate the product of 5, 555 and 4, 444. Round both numbers to the nearest thousand to find your answer.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!