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aivan3 [116]
3 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]3 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

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A triangle has two sides of length 4 and 13. What is the smallest possible whole-number length for the third side?
AfilCa [17]

Answer:

9 i think but make sure

Step-by-step explanation:

well, a squared+b squared=c squared

       13 squared-4 squared is 9 squared

5 0
3 years ago
Abigail is raising money for a school trip by selling bags of chips and packs of cookies. The price of each bag of chips is $1.5
Mkey [24]

The number of bags of chips sold is 8 and the number of packs of cookies sold is 12

<em><u>Solution:</u></em>

Let "a" be the number of bags of chips sold

Let "b" be the number of packs of cookies sold

Given that,

Cost of one bag of chips = $ 1.50

Cost of one pack of cookies = $ 1.25

Yesterday Abigail made $27 from selling a total of 20 bags of chips and packs of cookies

<em><u>So we can frame a equation as:</u></em>

Number of bags of chips sold + number of packs of cookies sold = 20

a + b = 20 ---- eqn 1

Also given that Abigail made $27 from selling

number of bags of chips sold x Cost of one bag of chips + number of packs of cookies sold x Cost of one pack of cookies = $ 27

a \times 1.50 + b \times 1.25 = 27

1.5a + 1.25b = 27 ---- eqn 2

<em><u>Let us solve eqn 1 and eqn 2 to find values of "a" and "b"</u></em>

From eqn 1,

a = 20 - b ---- eqn 3

Substitute eqn 3 in eqn 2

1.5(20 - b) + 1.25b = 27

30 - 1.5b + 1.25b = 27

-0.25b = -3

<h3>b = 12</h3>

Therefore from eqn 3,

a = 20 - b = 20 - 12 = 8

<h3>a = 8</h3>

<em><u>Thus we have:</u></em>

number of bags of chips sold = 8

number of packs of cookies sold = 12

3 0
3 years ago
Solve for b: 3ab = -7
Alex_Xolod [135]

Since we are solving for b, you need to get it by itself. So you would divide both sides by 3a. That would leave b= -7/3a.

Hope this helps!!

3 0
3 years ago
I need help with this ​I will mark u as brainliest
miskamm [114]

Answer:

table 2

Step-by-step explanation:

im not fully sure if this is correct

5 0
3 years ago
The population of a coty is 100,000 and the annual growth rate is 4.2%. Write an equation to model the population y after x year
Andrews [41]

Answer: 1,00,000(1+0.042)^x

Step-by-step explanation:

Given

The initial population of a city is P_o=1,00,000

The annual growth rate is 4.2\%

after 1 year it is

\Rightarrow P_1=1,00,000+4.2\%\times 1,00,000\\\Rightarrow P_1=1,00,000(1+0.042)

after 2 years, it is

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after x years it is

\Rightarrow P_x=1,00,000(1+0.042)^x

5 0
3 years ago
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