A home is purchased for $ 794,000 with a 16% down payment. Find the monthly payment if the mortgage is 7.22% for 19 years. Round your answer to two
decimal places, if necessary,

Answers

Answer 1

Answer:

The monthly payment will be of $11,485.37

Step-by-step explanation:

Compound interest:

The compound interest formula is given by:

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

Where A(t) is the amount of money after t years, P is the principal(the initial sum of money), r is the interest rate(as a decimal value), n is the number of times that interest is compounded per year and t is the time in years for which the money is invested or borrowed.

A home is purchased for $ 794,000 with a 16% down payment.

So the value of the loan, that is, the amount subject to interest, will be given by:

[tex]P = (1-0.16)*794000 = 0.84*794000 = 666960[/tex]

How much will the interest accumulate to?

7.22% of interest means that [tex]r = 0.0722[/tex]

19 means means that [tex]t = 19[/tex]

Monthly means that [tex]n = 12[/tex]

So

[tex]A(t) = P(1 + \frac{r}{n})^{nt}[/tex]

[tex]A(t) = 666960(1 + \frac{0.0722}{12})^{12*19}[/tex]

[tex]A(t) = 2618664.5[/tex]

Monthly payment:

2618664.5 divided in 19*12 payments. So

2618664.5/(19*12) = 11485.37

The monthly payment will be of $11,485.37


Related Questions

Solve each equation by taking square roots : NEED THIS ASAP WILL GIVE BRAINLIEST

Answers

Answer:

1.) M=9,-9  2.) x=10,-10  3.) n=3,-3  4.) x=2,-2

Step-by-step explanation:

how do i solve for the inequality, p=3.4?​

Answers

Answer:

Step-by-step explanation:

This is already solved, and this would not be considered a inequality since it has only a equal sign.

Help please question in picture

Answers

Answer:

220

Step-by-step explanation:

Area of square=8*20=160

Area of triangle=(6*20)/2=60

160+60

Answer:

220 units²

I'm sure this is the answer!

you roll a number cube numbered from 1 to 6. What id the probability that the number is a 3

Answers

Answer:

1 / 6

Step-by-step explanation:

S = { 1, 2, 3, 4, 5, 6 }

n ( S ) = 6

Let A be the event of getting the number " 3 ".

A = { 3 }

n ( A ) = 1

P ( A ) = n ( A ) / n ( S )

P ( A ) = 1 / 6

Therefore,

the probability that the number 3 is 1 / 6.

Which fraction is equivalent to 2/-6

Answers

Answer:

-1/3

Step-by-step explanation:

Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used. Match each division expression with the correct quotient. (These are the answers)
18x^(2)+39x+15 over 3x+5 -----> 6x+3
35x^(2)-5x-30 over 5x-5 -------> 7x+6
15x^(2)-44x+21 over 5x-3 ------> 3x-7

Answers

can you answer the question that it’s in blue please

Answer:

18x^(2)+39x+15 over 3x+5 -----> 6x+3

35x^(2)-5x-30 over 5x-5 -------> 7x+6

15x^(2)-44x+21 over 5x-3 ------> 3x-7

Step-by-step explanation:

Plato Gang

An introductory psychology class has 9 freshman males, 15 freshman females, 8 sophomore males, and 12 sophomore females. A random sample of n = 2 students is selected from the class. If the first student in the sample is a male, what is the probability that the second student will also be a male?

Answers

Answer

16/43

Step-by-step explanation:

17 Male + 27 female = 44 students

now n= 2 so first student was male so one male student was taken out of the equation so 16 male left. now left male students by remaining students  so now total left students = 43

so, prob = remaining males/remaining students=16/43

help pls ! need it asap

Answers

Answer:

m∠X = 110°

m∠V = 60°

Step-by-step explanation:

1.) Angle Y and W are equal from the markers, which means the angles are equal

35*2 = 70

180 - 70 = 110 ( You know it has to be greater than 90 because it's larger than a corner angle)

2.) This is another isosceles (equal angle and sides)

Some times all sides aren't equal on isosceles but you can see these are

180/3 = 60°

PLEASE ANSWER ASAP FOR BRAINLEST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

697.5 ft squared

Step-by-step explanation:

Divide into top two squares and rectangle on bottom so...

(10×7.5)+(8×7.5)×(12.5×45)=area

75+60+562.5=697.5 ft squared

697.5! Should be correct the one above me explains perfectly!❤️

help aced and expert giving 20 points

Answers

The correct answer is 0.0625 square meters.

Only 3 more questions to go

Answers

90° angle on a straight lines gotta be 180°

9)
The delivery van uses 33 litres of diesel to travel 264 miles.
How far would the van travel using 40 litres of diesel?​

Answers

Answer:

find how much the truck travels in,a litre

what is the range (math)?​

Answers

Answer:

9-0=9

Step-by-step explanation:

highest- lowest=range

Answer:

Definition: About Transcript. The range is the difference between the largest and smallest numbers. The midrange is the average of the largest and smallest number.

How to find: The range is the difference between the smallest and highest numbers in a list or set. To find the range, first put all the numbers in order. Then subtract (take away) the lowest number from the highest. The answer gives you the range of the list.

hope this helps!

Can you please help me do a and b I will reward brainliest

Answers

Answer:

a) 640.32 cm^3

b) 98.4 cm^3

Step-by-step explanation:Part a)Cylinder volume:

(3.14) × 2^2 × 12 = 150.72 cm^3

Triangular prism:

We need to find the height of the base so we use the Pythagorean theorem.

5^2 + x^2 = 14.1^2

25 + x^2 = 198.81

x^2 = 173.81

x = 13.184

After finding height, we can use the equation for a normal triangular prism:

[tex]\frac{1}{2}[/tex] × Base × Height × Length

[tex]\frac{1}{2}[/tex] × 13.184 × 10 × 12= 791.04cm^3

Total Volume: 791.04 - 150.72 = 640.32 cm^3

Part b)Small Sphere Volume:

[tex]\frac{4}3[/tex] × 3.14 × 1^3 = [tex]\frac{314}{75}[/tex]cm^3

Half Sphere Volume :

0.5([tex]\frac{4}3[/tex]× 3.14 × 3^3) = 56.52cm^3

Cone Height:

5^2 = 3^2 + h^2

25 = 9 + h^2

16 = h^2

h = 4

Cone Volume:

(3.14) × 3^2 × [tex]\frac{4}{3}[/tex] = 37.68 cm^3

Total Volume = 98.4 after rounding

I WILL GIVE BRAINIEST IF ANSWERED WITH EXPLANATION PLEASE HELP
Find the area of each figure. Round your answer to 2 decimal places is required.

Answers

69.82 i think

Step-by-step explanation:

First the area of a rectangle is bh, so 5 times 12 is 60. Then you have a semicircle which is half a circle, so it would be pi(radius)squared divided by 2. The diameter is 5 because it's five on the other side and rectangles have opposite sides congruent. Radius is 2.5 after dividing diameter by 2. 2.5 pi r squared is like 19.634 blah blah blah. Divide that by two and add 60 to get 69.82.

POSSIBLE POINTS: 6
Solve each equation and match the solution.



e+8=31
t−25=54
32=y −21
14=b−12
x+8.95=21.95
n +21 =32

Answers

Answers,

1. 23

2. 79

3. 53

4. 26

5. 13

6. 11

How I did this,

What I did was subtract 8 from 31 to get ( e ) by itself.

This subject will get harder so I reccomend you focus on school and learn how to do this.

GUYS HELP ME PLS. Tina is standing at the bottom of a hill. Matt is standing on the hill so that when Tina's line of sight is
perpendicular to her body, she is looking at Matt's shoes.
a. If Tina's eyes are 5 feet from the ground and 14.5 feet from Matt's shoes, what is the angle of elevation of
the hill to the nearest degree?

Answers

Answer:

71°

Step-by-step explanation:

The angle of elevation of the hill can be obtiaed using trigonometry :

Given

the opposite length = 14.5 feets

Adjacent = 5 feets

The angle of elevation vabnbe obtained using :

Tan θ = opposite / Adjacent

Where θ = angle of elevation

Tan θ = 14.5 / 5

Tan θ = 2.9

θ = tan^-1(2.9)

θ = 70.97 = 71°

Find the measure of the missing angles.
b
100°
0

Answers

Step-by-step explanation:

Angle b + 100 = 180 (angles on the same straight line)

[tex]b + 100 = 180 \\ b = 180 - 100 \\ = 80[/tex]

Angle c = Angle b (Vertically opposite angles)

= 80 deg

Find the mean for the following group of data item 1, 7, 5, 4, 9, 6, 7, 4

Answers

Mean=(1+7+5+4+9+6+7+4)/ 8=43/8=5.375

Answer:

5.375

Step-by-step explanation:

Help Broo i'm lost il give brainiest

Answers

Answer: here is your answer

Step-by-step explanation:

A= 16

B= -8

C= 6

D= -16

E= -4

What is the image of the point (4,1) after a rotation of 270° counterclockwise about
the origin?
Will give brainliest

Answers

Answer:

1,-4

Step-by-step explanation:

formula for rotation of 270 is (x,y) to (y,-x)

I just need help finding out the missing sides

Answers

DON'T OPEN IT, IT'S A VIRUS!!

A stationery store wants to estimate the mean retail value of greeting cards that it has in its inventory. A random sample of 15 greeting cards indicates an average value of $3.00 and a s of $0.40. The critical value for a 99% confidence interval is

Answers

Answer:

The critical value for a 99% confidence interval is T = 2.9768

Step-by-step explanation:

We have the standard deviation of the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 15 - 1 = 14

Critical value

Now, we have to find a value of T, which is found looking at the t table, with 14 degrees of freedom(y-axis) and a confidence level of [tex]1 - \frac{1 - 0.99}{2} = 0.995[/tex]. So we have T = 2.9768

The critical value for a 99% confidence interval is T = 2.9768

2. 48 degrees 17 x
(solve for x. round to the nearest tenth)

Answers

Answer:

67

Step-by-step explanation:

you divide the 48/17 yo get 67

The difference between the squares of two numbers is 35. Twice the square of
the first number increased by the square of the second number is 73. Find the
numbers.

Answers

Answer:

Los números son

7 y 8

Explicación paso a paso:

Si el número menor es "x"  , el mayor es "x + 1"

entonces

( x + 1 )² - x² = 15

x² + 2x + 1 -x² = 15

2x + 1 = 15

2x = 15 - 1

2x = 14

x = 14/2

x = 7  (  número menor )

x + 1  = 7 + 1

x + 1 = 8 ( número mayor )

What probability statement would you add to ​P(blue) = 1 10 to make a complete probability model for the event choosing a foam ball at random from the​ box?

Answers

Answer:

The chances of landing on blue are 1 in 4, or one fourth. The chances of landing on red are 1 in 4, or one fourth. This problem asked us to find some probabilities involving a spinner.

Find the value of x.
(a)
(10.7)" = 2
3x92x1 = 27*
(b)​

Answers

Step-by-step explanation:

where is x in the question

Help thank you so much

Answers

Answer:

1.c

2.b

3.a

4.d

5.c

Step-by-step explanation:

please click the heart and rate excellent and brainleist to ☺️☺️

Use triangle DEF shown below to answer the question that follows. What is the value of X rounded to the nearest hundredth?

Answers

Answer:

it might be x=63.27

Step-by-step explanation:

ANSWER !!
ILL GIVE 40 POINTS !!
DONT SKIP :((
PLUS BRAINLIEST !

Answers

Answer:

Step-by-step explanation:

║( - 5, 3 )║ = √34

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