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Assoli18 [71]
3 years ago
12

Will is buying a house for $185,000. He is financing $165,000 and obtained a 30-year, fixed-rate mortgage with a 6.725% interest

rate. How much are his monthly payments? (2 points)
Mathematics
1 answer:
guajiro [1.7K]3 years ago
6 0
<h3>Answer:  $1067.45</h3>

=================================================

Work Shown:

L = 165000 = loan amount or amount financed

r = 0.06725  = annual interest rate in decimal form

i = r/12 = 0.06725/12 = 0.005604167

i = 0.005604167 = approximate monthly interest rate in decimal form

n = number of months = 30*12 = 360 months

P = unknown monthly payment

--------------

Apply the monthly payment formula

P = (L*i)/( 1-(1+i)^(-n) )

P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))

P = 1067.44636311118

P = 1067.45

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C. In order to figure this question out you have to think that with every incorrect answer that Jessie answered she got three correct along with the one incorrect. By going with that information it can be figured that Jessie's score is 15 correct answers and 5 incorrect information if you go by the ratio 3:1 then go up tell the sides equal up to a total of 20 after being added. So Jessie's score again was 15 out of 20.
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7 0
3 years ago
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What is the area of a circle if the circumference is 29
Kruka [31]

Answer:

67 square units

Step-by-step explanation:

Circumference/pi = diameter

29/3.14 = 9.24

Radius = 9.24/2 = 4.62

A = pi * r^2

A = 3.14 * 4.62^2 = 67 square units

8 0
2 years ago
Please help FAST I need the answer along with you explaining the steps so I can get it thanks! I’ll give Brainlist also!
kupik [55]

Answer:

The equation of required line is: \mathbf{5x-8y+34=0}

Step-by-step explanation:

We need to write equation in the form Ax+By+C=0 of the line parallel to 5x-8y+12=0 and through the point (-2,3)

First we need to find slope and y-intercept of the required line.

Using equation of line  5x-8y+12=0 to find slope.

Since the given line and required lines are parallel there slope is same.

Writing equation in slope intercept form: y=mx+b where m is slope.

5x-8y+12=0 \\-8y=-5x-12\\\frac{-8y}{-8y}=\frac{-5x}{-8}-\frac{12}{-8}\\y=\frac{5}{8}x+\frac{3}{4}

So, the slope m = 5/8

The slope of required line is m=\frac{5}{8}

Now finding y-intercept using slope m=\frac{5}{8} and point(-2,3)

y=mx+b\\3=\frac{5}{8}(-2)+b\\3=\frac{-5}{4}+b\\b=3+\frac{5}{4}\\b=\frac{3*4+5}{4}\\b=\frac{12+5}{4}\\b=\frac{17}{4}

So, the equation of required line having slope m=\frac{5}{8}  and y-intercept b=\frac{17}{4}

y=mx+b\\y=\frac{5}{8}x+\frac{17}{4}\\y=\frac{5x+17*2}{8}\\y= \frac{5x+34}{8}  \\8y=5x+34\\5x-8y+34=0

So, The equation of required line is: \mathbf{5x-8y+34=0}

3 0
3 years ago
Please help me!!!You will get 20 points...
pashok25 [27]

Use the rule of 3, note that we will convert the hours to minutes:

60 - 84
75 - x

(75 * 84) / 60 = x
6,300 / 60 = x
105 = x

105 minutes = 1h 45m


Hope it helped,

Happy homework/ study/ exam!

4 0
4 years ago
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