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ivann1987 [24]
3 years ago
6

Brainly is a knowledge-sharing community where 350 million students and experts put their heads together to crack their toughest

homework questions.
Mathematics
1 answer:
ryzh [129]3 years ago
5 0

Answer:

but many of them comes here to do time pass

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You are applying for an 80/20 mortgage to buy a house costing $145,000. The first (80%) mortgage has an interest rate of 4.75%,
babymother [125]

Answer:

$291,016.80

A is correct.

Step-by-step explanation:

You are applying for an 80/20 mortgage to buy a house costing $145,000.

Loan Formula:

EMI=\dfrac{P\cdot r}{1-(1+r)^{-n}}

Case 1:

Loan amount, P = 80% of 145000 = $ 116,000

Rate of interest, r = 4.75% = 0.0475

Time of loan, n = 30 years = 360 months

Substitute the values into formula.

EMI=\dfrac{116000\cdot \frac{0.0475}{12}}{1-(1+\frac{0.0475}{12})^{-360}}

EMI=605.11

Total payment for case 1: 605.11 x 360 = $217,839.60

Case 2:

Loan amount, P = 20% of 145000 = $ 29,000

Rate of interest, r = 4.75% = 0.07525

Time of loan, n = 30 years = 360 months

Substitute the values into formula.

EMI=\dfrac{29000\cdot \frac{0.07525}{12}}{1-(1+\frac{0.07525}{12})^{-360}}

EMI=203.27

Total payment for case 1: 203.27 x 360 = $73,177.20

Total amount of the mortgage = $217,839.60 + $73,177.20

                                                    = $291,016.80

Hence, The total amount of the mortgage is $291,016.80

3 0
2 years ago
There were two cheesecakes in the fridge. The first cheesecake was cut into 16 slices and there are 3 slices left. The other che
Elina [12.6K]

Answer:

31/80

Step-by-step explanation:

2/10 + 3/16

5 0
2 years ago
4 - (-3) simplify the expression
mario62 [17]

Answer:

7

Step-by-step explanation:

4-(-3)=4+3 (negative times negative is positive)

4+3=7

Hope that helps!

6 0
3 years ago
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Pizza Planet is having a special;3 pizzas for 16.50. What is the unit rate
muminat
$5.50 per pizza /per unit
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2 years ago
7/15(x+4)+2/15(x+4)=7 1/5
torisob [31]

Answer:

x = 59/3

Step-by-step explanation:

8 0
2 years ago
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