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Alisiya [41]
3 years ago
11

I need help pls is due in 40 minutes

Mathematics
1 answer:
liubo4ka [24]3 years ago
6 0

Answer:

is this due already

Step-by-step explanation:

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You are buying a house that cost 650,000 and you put down a down payment. you take out a loan for the remainder of the amount, o
gayaneshka [121]
<h3>Answers:</h3>

Monthly Payment = $4,702.68

Total Payments = $846,482.40

Interest = $261,482.40

Delete the dollar signs and/or commas if needed.

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

Explanation:

The down payment is 10% of the home's value

This means that the buyer pays $65,000 up front (since 0.10*650,000 = 65,000).

The remaining 650,000 - 65,000 = 585,000 dollars is loaned in the mortgage.

Or you could write it like this 95% of 650,000 = 0.95*650,000 = 585,000

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

The monthly payment formula is

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

where,

  • P = monthly payment
  • L = amount loaned
  • i = interest rate per month in decimal form
  • n = number of months

In this case,

  • L = 585,000 dollars
  • i = 0.0525/12 = 0.004375 exactly
  • n = 15*12 = 180 months (equivalent to 15 years)

So,

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

P = (585000*0.004375)/( 1-(1+0.004375)^(-180) )

P = 4702.6846353538

P = 4702.68

The monthly payment is $4,702.68

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

Let's now compute the total amount paid back (principal + interest)

If you pay 4,702.68 dollars per month over the course of 180 months, then you pay back a total of 4702.68*180 = 846,482.40

The total payments add up to 846,482.40 dollars.

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

To compute the interest only, subtract the total payments from the amount loaned.

846,482.40 - 585,000 = 261,482.40 is the amount of interest only.

8 0
1 year ago
9 /5 = 6 5 /x how to solve step by step
ziro4ka [17]
<h2>Answer: x=\frac{325}{9}</h2>

Step-by-step explanation:

  1. Cross-multiply.
  2. Divide both sides by 9.

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2 years ago
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A baseball team played 154 regular season games. The ratio of the number of games they won to the number of games they lost was
ELEN [110]

Answer:

Number of games won = 110

Step-by-step explanation:

Given:

Total games played = 154

The ratio of number of games won to number of games lost = \frac{5}{2}

Solution:

Let the number of games won be = 5x

Thus, number of games lost = 2x

The total games played can be given as = 5x+2x=7x

Thus, we have:

7x=154

Dividing both sides by 7.

\frac{7x}{7}=\frac{154}{7}

∴ x=22

So, number of games won  = 5\times 22 = 110

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