The monthly payment for purchasing the home will be $457.85.
<h3>What is a monthly payment?</h3>
The term loan refers to a sort of credit vehicle in which a sum of money is lent to another party in exchange for the value or principal amount being repaid in the future.
Then the formula of monthly payment (MP) will be
In order to purchase a home, a family borrows $110,000 at 2.9% for 30 years.
We have
P = $110,000
r = 0.029 / 12 = 0.0024
n = 30 × 12 = 360
Then the monthly payment will be
On further solving, we have
MP = 110000 × 0.0024 × 1.723
MP = $ 457.85
More about the monthly payment link is given below.
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Answer:
F. 45/4
Step-by-step explanation:
hypotenuse/long leg of both triangles:
- 15/20=x/15
- x=15*15/20
- x=45/4
We have
First, we can combine like terms 3y and -7y to get -4y.
Then, we have
We could then subtract 8 on both sides to get
Finally, we isolate y completely by dividing both sides by -4, to get
P=2(w+h)
remember you can do anythig to an equaotn as lng as you do it to both sides
divide both sides by 2
P/2=w+h
subtract w
(P/2)-w=h
Answer: Okay! Here is your answer!
Exact form : 41/6
Decimal form : 6.83 (line over the 3)
Mixed number form : 6 5/6
Step-by-step explanation: Substitute the value of the variable into the equation and simplify.
Hope this is what you were looking for and I hope it helps you out! ☺
