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
Ludmilka [50]
2 years ago
13

Brett has a 30 year fixed rate mortgage for $112500 with monthly payments of $603.92. The annual interest rate is 5% what is the

total cost of the principal and interest for this not rounded to the nearest dollar
Mathematics
1 answer:
LUCKY_DIMON [66]2 years ago
4 0

Answer:

a. Total cost of the principal = $217,411.20

b. Interest for the mortgage loan = $104,911.20

Step-by-step explanation:

Total cost of the principal = Monthly payment * Number of years * Number of months in a year = $603.92 * 30 * 12 = $217,411.20

Total cost of the principal of the loan includes the mortgage loan amount and the interest for the mortgage loan. Therefore, the interest for the mortgage loan can be calculated as follows:

Interest for the mortgage loan = Total cost of the principal - Mortgage loan amount = $217,411.20 - $112,500 = $104,911.20

You might be interested in
Please answer this correctly for a brainliest ☺️
Dimas [21]
Hello I think the answer would be three.
5 0
3 years ago
What's blah+blah=? jvghdskcghsdjfgbkaehfeklgabkregbfjkabkjdsbfkjbdsfkjb,adgjk
Dimas [21]

blah + blah = blah blah

hope it helps!

7 0
2 years ago
What is the value of x?
Alisiya [41]
The value of x is 3.14
7 0
3 years ago
Read 2 more answers
Plz plz help I will get you points :---/
ladessa [460]
I would think it would be B
5 0
3 years ago
Read 2 more answers
Hey can some one help me with this
Leno4ka [110]
Hello!

First you have to find the surface area of what he is painting

Finding the areas of all the rectangles he is painting

14 * 8 = 112
14 * 8 = 112
12 * 8 = 96
12 * 8 = 96
12 * 14 = 168

Add all these up

112 + 112 + 96 + 96 + 168 = 584

Divide this by the amount of area a pint of paint covers

584 / 90 = 6.4888...

He needs 7 pints of paint because he needs more than 6

Multiply this by the cost of 1 pint of pint

7 * 7.98 = 55.86

The answer is $55.86

Hope this helps!
3 0
3 years ago
Read 2 more answers
Other questions:
  • How many times can you put 40÷746 in
    14·2 answers
  • Y = 2x - 1 and y = x + 3 find the solution by graphing or substitution
    7·2 answers
  • Write the equation in slope intercept form <br> through: (1,5), perp. to y=-1/2x - 4
    7·1 answer
  • solve for the indicated variable. include all of your work in your answer. submit your solution. A=1+prt; for r
    5·1 answer
  • Answer this plzzzzzzz?
    9·2 answers
  • If a=3 and b= 8 what is the answer and how to solve b-3-3
    14·2 answers
  • Solve for h:<br> v = 2rh
    5·1 answer
  • The area of a rectangle is 40 meters. One of the sides is 10 meters. What are the measurements, in meters, of the
    7·1 answer
  • Did I do this correctly?
    15·1 answer
  • In a right triangle, if a = 8in and c = 14in, what is b? Round to three decimal places.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!