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
KatRina [158]
2 years ago
7

If the purchase price for a house is $218,500, what is the monthly payment if you put 3. 5% down for a 30 year loan with a fixed

rate of 6. 5%? a. $1,332. 73 b. $1,378. 19 c. $1,247. 54 d. $646. 40.
Mathematics
2 answers:
Inga [223]2 years ago
8 0

Answer: A $1,332.73

Step-by-step explanation:

kakasveta [241]2 years ago
5 0

The monthly payment if you put 3. 5% down is a. $1,332. 73.

Down payment=218,500 - (218.500×3.5%)

Down payment=218.500-7,647.5

Down payment=210,852.50

Time = 12×30=360 months

rate=6.5/1,200 = 0.005416667

Using the loan payment formula

Monthly payment = (Rate + [Rate / (((1 + rate)^months) -1)] × Principal

Let plug in the formula

Monthly payment = (0.005416667 + [0.005416667 / (((1.005416667)^360)-1)] × principal

Monthly payment = (0.005416667 + [0.005416667 / (((1.005416667)^360)-1)] ×principal

Monthly payment = 0.005416667 + [(0.005416667 / 6.9917988084 -1)] ×210,852.50

Monthly payment = 0.005416667 + [(0.005416667 / 5.9917988084)] × 210,852.50

Monthly payment = 0.005416667 + [(0.005416667 / 5.9917988084)] × 210,852.50

Monthly payment = (0.005416667 + 0.0009040135) × 210,852.50

Monthly payment = 0.0063206805× 210,852.50

Monthly payment = 1,332.73

Inconclusion the monthly payment if you put 3. 5% down is a. $1,332. 73.

Learn more about monthly payment here:brainly.com/question/25658911

You might be interested in
What is the cost of the TV?
sasho [114]
20%of £800 is 800÷5 =160
800 + 160 =960
6 0
3 years ago
Complete the square to form a perfect square trinomial x^2-14x+
fiasKO [112]
Answer: x^2 - 14x + 49

Explanation:

1) Divide the coefficient of x by 2:

14 / 2 = 7

2) so you have to add 7^2 = 49

x^2 - 14x + 49

3) that trinomial is equivalent to:

=> (x - 7)^2

4) prove that using the formula (a - b)^2 = a^2 - 2ab + b^2

(x - 7)^2  = x^2 - 14x + 49

Then you have to add 49 to complete the square. and form a perfect square trinomial.
7 0
2 years ago
I need help on this question
pogonyaev

Answer:

315

Step-by-step explanation:

1. This is not a scale rectangle and it angers me.

2. All you have to do is draw proportions.

5x7=35

15x21=315

Youll notice that 5x3=15 and 7x3=21 so it’s just proportions!

5 0
3 years ago
The additional cost per month of a sunroof, spoiler and stereo is represented by three consecutive even integers, respectfully.
lesya [120]

Answer:

16

Step-by-step explanation:

First of all, I think it was "respectively", not "respecfully", =))). A noticeable point.

From the problem, three item's costs are represented by three consecutive even integer.

Thus, we can call cost of spoiler is x, sunroof is x-2, stereo is x + 2. It is conditioned that x is an even number.

Since the sum of the three is 48, we have

(x-2) + x + (x+2) = 48

x+x+x -2 +2 = 48

3x =48

x=16

So the spoiler is 16; thus, the sunroof is 14 and the stereo is 18

3 0
3 years ago
Reduce to the lowest terms by canceling -14/9 times -3/7
maksim [4K]

Answer:

2/3

Explanation:

Given the below;

\frac{-14}{9}\times\frac{(-3)}{7}

We can see from the above that 9 is divisible by 3 and that 14 is divisible by 7, let's go ahead and reduce to the lowest term as shown below;

\frac{-14}{9}\times\frac{(-3)}{7}=\frac{-2}{3}\times\frac{(-1)}{1}=\frac{2}{3}

5 0
1 year ago
Other questions:
  • Which represents the solution to the absolute value equation 5[2x-4] +1 =11
    9·1 answer
  • A ship at sea, the Gladstone, spots two other ships, the Norman and the Voyager, and measures the angle between them to be 48°.
    7·1 answer
  • -10=-14v+14v what is V
    9·1 answer
  • The ratio of George's money and Tia's
    12·1 answer
  • 3. Classify the polygon below by its sides,<br>convex/concave, and regular/irregular​
    5·1 answer
  • A shoe dealer purchased net Birr 8,000 worth of shoes from a shoe company.A Find the amount it is to pay the company including V
    15·1 answer
  • The monthly gross receipts for the ABC Copy Creation house amounted to $20,834.34. Unfortunately the expenses amounted to $18,75
    14·1 answer
  • The selling price of an item is $600. It is marked down by 30%, but this sale price is still marked up
    14·1 answer
  • PLEASE ANSWER BRAINLIEST
    6·1 answer
  • 2. A light fixture contains 6 light bulbs. With normal use, each bulb has a 0.85
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!