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]
3 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]3 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
Solve (X + 6)(x - 4) = -16<br> O {-4, 6)<br> O {-4, 2]<br> O (-12, 22)
masya89 [10]

Answer:

x=2 or x=−4

Step-by-step explanation:

Let's solve your equation step-by-step.

(x+6)(x−4)=−16

Step 1: Simplify both sides of the equation.

x2+2x−24=−16

Step 2: Subtract -16 from both sides.

x2+2x−24−(−16)=−16−(−16)

x2+2x−8=0

Step 3: Factor left side of equation.

(x−2)(x+4)=0

Step 4: Set factors equal to 0.

x−2=0 or x+4=0

x=2 or x=−4

6 0
3 years ago
There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock o
astraxan [27]
<h2>Answer:</h2><h2>Free distributable dividend = $ 27000</h2>

Step-by-step explanation:

There are 7,500 shares of $10 par value participating 9 percent preferred stock outstanding, and 32,500 shares of common stock outstanding. Therefore,

dividend paid to common stockholder =32500(0.50) = $ 16250

Preferred Stock dividend= 7500 (10) (0.09) = $ 6750

considering total dividend paid $ 50000 includes preferred dividend,then free distributable dividend = 50000 - 16250 - 6750 = $ 27000

8 0
3 years ago
Need help with questions 5 and 6
kirza4 [7]

Answer:


Step-by-step explanation:


7 0
3 years ago
180-8- what is it the answer and how do u sovle it
MatroZZZ [7]

Answer:

172

Step-by-step explanation:

say you have 180 dollars in your hand but you buy some candy that cost 8 dollars. after handing the 8 dollars over your remaining amount would be 172 because you took 8 from the 180 you had.

6 0
3 years ago
a hockey goalie scores 82% of shots at the goal, about how many shots can the goalie predict he will block in 735 tries round to
icang [17]

Step-by-step explanation:

so all you have to do it devide 735÷82

4 0
3 years ago
Other questions:
  • If |x-16| is less than or equal to 4 and |y-6| is less than or equal to 2, what is the greatest possible value of x-y?
    8·1 answer
  • A Boston subway train traveling at constant speed traveled 10.1 miles in half an hour. What was the speed of the subway train?
    12·2 answers
  • A study is run to estimate the mean total cholesterol level in children 2 to 6 years of age. A sample of 9 participants is selec
    13·1 answer
  • PLEASE HELP ME people I beg you
    15·1 answer
  • James goes out to eat with Janet, and their meal costs $68. There is a sales tax of 7% and Janet wants to leave a 20% tip. How m
    9·1 answer
  • Whitney deposits $9,000 for two years. She compares two different banks. State Banks will pay her 4.1% interest, compounded mont
    9·1 answer
  • ASAP please help me I need this quick <br> The question and answers are in the picture
    9·1 answer
  • Please help!! Find the radius r.
    8·1 answer
  • 1. Clare has a recipe for yellow cake. She uses 9 1/3 cups of flour to make 4 cakes, Noah
    15·1 answer
  • Can someone help me please!
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!