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]
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

You might be interested in
Jamie drives to the dance to pick up his younger brother Mike. Because of the dance's
Vika [28.1K]

Answer:

Because of traffic, she averaged only 15 miles per hour on the way there but ... If the total travel time was 2 hours how long does it take her to drive to ...

Step-by-step explanation:

5 0
3 years ago
keisha spent 45 minutes at soccer practice on Monday and n minutes on Tuesday. Write an experession that repersents the number o
levacccp [35]

Answer:

45+n

Step-by-step explanation:


6 0
3 years ago
Read 2 more answers
Carol is going to buy a purse she found. It is originally $120.00, but has been marked down 25%. When Carol goes to buy the purs
Reil [10]
$82.80
I hope this helped!
4 0
3 years ago
If is a segment bisector of and AB = 17, find AP.
NNADVOKAT [17]

Answer:

B. 8.5

Step-by-step explanation:

It's a segment bisector which means the other line bisects the direct middle of AB. 17/2 is 8.5, meaning that AP should be 8.5

7 0
3 years ago
I can't be bothered doing my work whats the answer lol​
GrogVix [38]

Answer:

-8a^2 + 9a

or

9a - 8a^2

the answer is c

Step-by-step explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • How do I solve w(x)=4x 5; find w(-8)?
    13·1 answer
  • Benny bought 8 new baseball cards to add to his collection. The next day his dog ate half his collection. There are now only 36
    11·1 answer
  • △ABC is similar to △DEF .<br><br> AB=5 inches, BC=9 inches, and DE=7.5 inches.<br><br> What is EF ?
    7·2 answers
  • F1(x)=|x|, f2(x)=|x-2|, f3(x)=|x+1| , f4(x)=|x-5|
    15·1 answer
  • Find the volume of the triangular prism.<br> 2.5 m<br> 6 m<br> 3.1 m
    10·1 answer
  • 4 4/10 divided by 4 2/3
    15·2 answers
  • Thank you thank you thank you thank you thank you thank you thank
    15·2 answers
  • Clara and Toby are telemarketers.
    11·1 answer
  • Sandra has the following data:
    5·2 answers
  • Use the conditional statement to answer the question.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!