Answer:$728
Step-by-step explanation:
$156,000 less 20% is $124,800.
That is the amount that is being financed. If the rate is7% per year the first months interest is:
124,800*.07/12 = $728
You didn't ask but if the mortgage is like most conventional mortgages the 30 * 12 = 360 payments are all approximately equal, with less money expended on paying down the principal at first. Their equal payment would be: $830.30
359 because you start with 100, then you multiply 50 x 359 which equals 17950. But then you are the hundred you had to start with to get 18050
Answer:
v=6
Step-by-step explanation:
v²=u²+2as
v²=12²+2(-3)(18)
v²=144-108
v²=30
v=6