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)^(180
15)
⇒ 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 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
a. 6
b. 7
c. (b) Kira's
why? b. it has the large sample size
Step-by-step explanation:
Answer:
0
Step-by-step explanation:
Anything times 0 is 0.
Answer:
1
1
0
0
Step-by-step explanation:
here´s and example for 1
1⁵
1x1x1x1x1=1
so 1 raised to the power of any number is 1
1 multiply by itself any number of times is 1
here´s an example for 0
0⁴
0x0x0x0=0
hence, the vale of 0 raised to any power is 0.
0 multiplied by itself any number of times is 0
Answer:
Step-by-step explanation:
You need to add $6.50 and $11.75 and you get $18.25.