Hello, what are the answers to these questions?
1 answer:
You might be interested in
Answer:
The total monthly mortgage payment for the house is $975.63
Step-by-step explanation:
The principle amount is $175000
80% of 175000 is = = $140000
20% of 175000 is = = $35000
Emi formula is :
For 1st part:
p = 140000
r = 4.75/12/100=0.00395
n =
Putting values in formula we get
= $729.508
For 2nd part:
p = 35000
r = 7.525/12/100=0.00627
n =
Putting values in formula we get
= $245.301
Adding both the monthly payments:
dollars
This is closest to option A.
So, option A is the answer.
And for 30 years the mortgage payment will be =
dollars
Q(p) = k/p^3 . . . . . . . . we want to find k
q(10) = k/10^3 = 64
k = 64,000
Revenue = q(p)*p = 64000/p^2
Cost = 150 +2q = 150 +2*64000/p^3
Profit = Revenue -Cost = 64000/p^2(1 -2/p) -150
Differentiating to find the maximum profit, we have
.. dProfit/dp = -2(64000/p^3) +6(64000/p^4) = 0
.. -1 +3/p = 0
.. p = 3
A price of $3 per unit will yield a maximum profit.
q(10) = k/10^3 = 64
k = 64,000
Revenue = q(p)*p = 64000/p^2
Cost = 150 +2q = 150 +2*64000/p^3
Profit = Revenue -Cost = 64000/p^2(1 -2/p) -150
Differentiating to find the maximum profit, we have
.. dProfit/dp = -2(64000/p^3) +6(64000/p^4) = 0
.. -1 +3/p = 0
.. p = 3
A price of $3 per unit will yield a maximum profit.