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
Kobotan [32]
3 years ago
14

Solve for the given time.

Mathematics
1 answer:
AlekseyPX3 years ago
3 0

9514 1404 393

Answer:

  $319,525.64

Step-by-step explanation:

It appears you want the interest to accumulate for 15 years before you pay anything on the loan. The value of $180,000 appreciating at 3.9% annually will be ...

  $180,000·(1 +0.039)^15 = $319,525.64

If your lender allows you to wait 15 years before making any payment, your payment will be $319,525.64.

__

<em>Additional comment</em>

Home loans are usually paid with monthly payments computed from the formula ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where A is the monthly payment on principal P, r is the annual interest rate, t is the number of years.

For your $180,000 loan, the monthly payment is ...

  A = $180,000·(0.039/12)/(1 -(1 +0.039/12)^(-12·15)) ≈ $1322.44

The total of those payments is ...

  180·$1322.44 = $238,039.20

If you pay $1322.44 monthly on the loan, your total payment is $238,039.20.

You might be interested in
A total of 480 were sold for the school play. They were either adult tickets or students tickets. The number of student tickets
Talja [164]

Ok so basically, the number of student tickets is 3x, where x=the number of adult tickets sold. And we know that s(for student tickets)+x=480 total tickets sold. So if we replace s with 3x we have 3x+x=480, or 4x=480. We divide by 4 and get x=120, which is the amount of adult tickets sold.

5 0
3 years ago
Write an expression that represents n plus 7 multiplied by 3.
diamong [38]
The <span>expression that represents n plus 7 multiplied by 3 is
(n + 7)(3)
The entire expression, (n + 7) is multiplied by 3 since it would be inconvenient to state the expression as given above if what is meant was
(n + 7x3). It would have simply been n plus 21.</span>
7 0
3 years ago
Read 2 more answers
A napkin is folded into an isosceles triangle, triangle ABC, and placed on a plate, as shown. The napkin has a perimeter of 38 c
gavmur [86]
The area of plate which is covered by the napkin is equal to the area of folded napkin.

Before finding the area of folded napkin, we should find the dimension of the napkin.
Find the length of the leg side, the two leg has similar length.
perimeter = 38
l + l + 8 = 38
2l + 8 = 38
2l = 30
  l = 15
Each leg is 15 cm long.

Find the area of folded napkin
area = 1/2 × s × s × sin of angle between the sides
area = 1/2 × 15 × 15 × sin 30°
area = 1/2 × 15 × 15 × 1/2
area = 225/4
area = 56.25
to the nearest whole number >> 56 cm²
The answer is third option
6 0
3 years ago
Read 2 more answers
A study was done to determine the average number of homes that a homeowner owns in his or her lifetime. For the 60 homeowners su
const2013 [10]

Answer:

D) (3.67, 4.73)

Step-by-step explanation:

Confidence Interval for the true average number of homes that a person owns in his or her lifetimecan be calculated using M±ME where

  • M is the average number of home owned (4.2)
  • ME is the margin of error from the mean

And margin of error (ME) can be calculated as

ME=\frac{z*s}{\sqrt{N} } where

  • z is the corresponding statistic in the given confidence level(1.96)
  • s is the standard deviation of the sample(2.1)
  • N is the sample size (60)

Putting the numbers we get ME=\frac{1.96*2.1}{\sqrt{60} }≈0.53

Then the 95% confidence interval is 4.2±0.53 or (3.67, 4.73)

6 0
3 years ago
cheryl is organizing her movie collection. if each movie case is 3/4 inch wide, how many movies can fit on a shelf 5 feet wide?
xxTIMURxx [149]

Answer:8

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • Explain how to identify the terms of 3y - 4 - 5y
    8·2 answers
  • The tax rate as a percent, r, charged on an item can be determined using the formula StartFraction c Over p EndFraction minus 1
    6·2 answers
  • What fraction of the year is 3 month? 3/4 ___________________
    13·2 answers
  • Imagine you saved $4000 to spend winter break visiting your relatives in New York. It costs $1200 for the plane ticket and $300
    9·1 answer
  • What is the pattern in the values as the exponents increase? Powers of 2 Value 2 Superscript negative 5 StartFraction 1 Over 32
    13·2 answers
  • You order 3 posters advertised on the Internet. Each poster costs
    10·1 answer
  • The diameter of a basketball is approximately 24 cm. Find the volume to the nearest
    7·1 answer
  • A football stadium contain 80% of its full capacity of spectators for a grand final match. At the end of the game, spectators le
    5·1 answer
  • Helpppppppppppppopnanannsnsnnsnakaknfnsn
    12·2 answers
  • Normal text
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!