The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Step-by-step explanation:
bence 27 cunkku yuzd sordugu icin kolaylıklar dilerim iyi günler
Answer:
y = 1x + 7
Step-by-step explanation:
<u>The equation formula for this scenario is y = mx + b</u>
m = slope
b = y-intercept
To find the slope, pick two points. I picked (2,9) and (4,11).
Subtract 11 from 9, you'll get 2.
Subtract 4 from 2, you'll get 2.
2/2 equals 1. The slope (m) = 1
To find the b, y-intercept, plot the points on a graph and see if the linear line across the y-intercept. For this case, the y-intercept is 7.
The equation is: y = 1x + 7
2 .............:)
Good luck
