Will is buying a house for $185,000. He is financing $165,000 and obtained a 30-year, fixed-rate mortgage with a 6.725% interest rate. How much are his monthly payments? (2 points)

Answers

Answer 1
Answer:  $1067.45

=================================================

Work Shown:

L = 165000 = loan amount or amount financed

r = 0.06725  = annual interest rate in decimal form

i = r/12 = 0.06725/12 = 0.005604167

i = 0.005604167 = approximate monthly interest rate in decimal form

n = number of months = 30*12 = 360 months

P = unknown monthly payment

--------------

Apply the monthly payment formula

P = (L*i)/( 1-(1+i)^(-n) )

P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))

P = 1067.44636311118

P = 1067.45


Related Questions

what is the area if b=16mm and h=12mm

Answers

Answer: 96

Step-by-step explanation: the formula for area of a triangle is 1/2 (b)(h)

so 1/2 (16)(12)

= 96

What is the ratio of 4 red apples and 3 green apples

Answers

Answer:

4:3 8:6 12:9 so on

Step-by-step explanation:

Answer:

4 to 3 or 3 to 4

Step-by-step explanation:

depending on how the question is worded if its red the green then 4 to 3 but if it green to red then its 3 to 4.

Which of the following numbers is irrational?
A) 6.124
B) √7
C) √0.25
D) 0.12¯¯¯¯

Answers

Answer:

B

Step-by-step explanation:

Answer:

B

Step-by-step explanation:

.brainliest if correct wrong or troll is reported
Carrie’s pencil was more than inches long and less than inches long. Which measurement could be the length of Carrie’s pencil?
A. 4 3/5 inches
B. 4 4/5 inches
C. 4 5/6 inches
D. 4 3/8 inches

Answers

Answer:

The correct answer is

Step-by-step explanation:

D would be the correct answer

8. Find the x and y intercepts. 6x + 12y = 24 ​

Answers

Make it slope intercept form
12y = -6x + 24
Divide by 12
Y = -1/2x + 2
Plug in 0 for x, y intercept = 2
Plug in 0 for y, x intercept = 4
X int = 4, y int = 2

Answer:

x - intercept: 4

y - intercept: 2

Step-by-step explanation:

The way you find the x-intereceppt is to pretend that the 12y isnt there. Therfore making the equation 6x=24. Then 24 divided by 6 equals 4.

The same thing but for the y-intercpt. Take away the 6x making the equation 12y=24. 24 divivded by 12 equals 2.

whats one plus 1 x 111111100000+y7897654323456x1

Answers

Answer:

Shoyo here!

Step-by-step explanation:

10000000000000000000000000000000

I bet no one can solve this

(+)^=∑24_(=0)^▒〖(¦) ^ ^(−) 〗

HAHAHAAAAAAAAAAAAA

Answers

Answer:

free points nice

Step-by-step explanation:

What's this? Cute. Thnx for the freee pointttssss <3

What is 345 divied by 189 remander2

Answers

Answer:

37

4 remander

Step-by-step explanation:

Step 1:

Start by setting it up with the divisor 5 on the left side and the dividend 189 on the right side like this:

           

   5 ⟌ 1 8 9

Step 2:

The divisor (5) goes into the first digit of the dividend (1), 0 time(s). Therefore, put 0 on top:

       0    

   5 ⟌ 1 8 9

Step 3:

Multiply the divisor by the result in the previous step (5 x 0 = 0) and write that answer below the dividend.

       0    

   5 ⟌ 1 8 9

      0    

Step 4:

Subtract the result in the previous step from the first digit of the dividend (1 - 0 = 1) and write the answer below.

       0    

   5 ⟌ 1 8 9

     - 0    

       1    

Step 5:

Move down the 2nd digit of the dividend (8) like this:

       0    

   5 ⟌ 1 8 9

     - 0    

       1 8  

Step 6:

The divisor (5) goes into the bottom number (18), 3 time(s). Therefore, put 3 on top:

       0 3  

   5 ⟌ 1 8 9

     - 0    

       1 8  

Step 7:

Multiply the divisor by the result in the previous step (5 x 3 = 15) and write that answer at the bottom:

       0 3  

   5 ⟌ 1 8 9

     - 0    

       1 8  

       1 5  

Step 8:

Subtract the result in the previous step from the number written above it. (18 - 15 = 3) and write the answer at the bottom.

       0 3  

   5 ⟌ 1 8 9

     - 0    

       1 8  

     - 1 5  

         3  

Step 9:

Move down the last digit of the dividend (9) like this:

       0 3  

   5 ⟌ 1 8 9

     - 0    

       1 8  

     - 1 5  

         3 9

Step 10:

The divisor (5) goes into the bottom number (39), 7 time(s). Therefore put 7 on top:

       0 3 7

   5 ⟌ 1 8 9

     - 0    

       1 8  

     - 1 5  

         3 9

Step 11:

Multiply the divisor by the result in the previous step (5 x 7 = 35) and write the answer at the bottom:

       0 3 7

   5 ⟌ 1 8 9

     - 0    

       1 8  

     - 1 5  

         3 9

         3 5

Step 12:

Subtract the result in the previous step from the number written above it. (39 - 35 = 4) and write the answer at the bottom.

       0 3 7

   5 ⟌ 1 8 9

     - 0    

       1 8  

     - 1 5  

         3 9

     -   3 5

           4

You are done, because there are no more digits to move down from the dividend.

The answer is the top number and the remainder is the bottom number.

Therefore, the answer to 189 divided by 5 calculated using Long Division is:

37

4 Remainder

What is the first step in isolating the variable in this equation?
(2) p + 75 = 100
D
Subtract 75 from both sides.
B
Subtract 1/2 from both sides.
с
Divide both sides by 75.
D
Divide both sides by 1/2

Answers

it’s either subtract 75 from both sides or divide both sides by 1/2 but I’m pretty sure it’s subtract 75 from both sides

Answer:

Subtract 75 from both sides.

I've been stuck on this for like 20 minutes ;-;

Answers

Answer:

3+2

Step-by-step explanation:

Answer:

3+2

Step-by-step explanation:

Your social security number?
A) continuous
B) discrete
C)categorical

Answers

B is the correct answer

mr brown and his 2 children are going to london by train
an adult ticket costs £24.
an child ticket costs £12

mr brown has a family railcard

family railcard gives : 1/3 off adult tickets

60 percent off child ticket


work out the total cost of the tickets when mr brown uses his family railcard

Answers

Answer:

The total cost will be equal to 25.6£

Step-by-step explanation:

In order to solve this question we will have to figure out the cost of the adult ticket and the children tickets when the railcard is used. For this we do the following.....

Let "a" be the cost of the adult ticket after using the railcard

Let "b" be the cost of the children ticket after using the railcard.

a = 24£ - (24£ x [tex]\frac{1}{3}[/tex]) = 24£ - 8£ = 16£

b = 12£ - (12£ x [tex]\frac{6}{10}[/tex]) = 12£ - 7.2£ = 4.8£

Now the total cost will be equal to the sum of an adult ticket and two children tickets after the railcard is used, so .....

Total cost = a + 2b = 16£ + 2(4.8£)= 16£ + 9.6£ = 25.6£

What is the solution of the equation 70 = 1.4y ?

Answers

So you basically have to divide 1.4 on both sides so you can get y by its self. Once you divide 60 by 1.4 you’ll get 50.

y=50

The solution of the equation 70 = 1.4y is 50.

What is Equation?

Two or more expressions with an Equal sign is called as Equation.

The given equation is 70 = 1.4y.

Seventy equal to one point four y.

In the given equation the variable is y.

We need to solve for the y.

70 = 1.4y.

Divide both sides by 1.4

70/1.4=y

Seventy divided by one point four equal to y

50=y

The value of y is fifty.

Hence, the solution of the equation 70 = 1.4y is 50.

To learn more on Equation:

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What is the image point of (-8, 7) after a translation right 5 units and up 5 units?

Answers

Answer:

(-3,12)

Step-by-step explanation:

HELPPPP PLEASEEEE dfuij bfsv

Answers

Answer:

7

Step-by-step explanation:

16+5+16+5+16+5

Answer: 6.875 If it aks you to round it is 7 gallons.

Step-by-step explanation:

Increase 60kg by 33⅓ please help!​

Answers

Answer:

2000 kg is the answer.

Step-by-step explanation:

We need to increase 60 kg by [tex]33\dfrac{1}{3}[/tex].

The given value is 60 kg. We can find it by finding [tex]33\dfrac{1}{3}[/tex] of 60 kg.

[tex]=60\times \dfrac{100}{3}\\\\=20\times 100\\\\=2000[/tex]

Hence, if we increase 60 kg by [tex]33\dfrac{1}{3}[/tex], we will get 2000 kg.

These algebraic expressions are not equivalent. Explain
why they are not equivalent.
1
x2
2
+ 8.x-x2 - 6x
222 - 2x

Answers

Answer:

in the 1st row, one x^2 is positive while the other is negitive, making the total zero. also in the top row 8x+(-6x) = 2x, but in the 2nd row is says -2x, showing they are not the same. Also there is no -1/2 in the 2nd row like there is in the 1st row

Step-by-step explanation:

You want to know the opinions of dog owners across America on the issue of establishing a law requiring individuals who own pit bulls to obtain insurance for their dogs. You obtain a list of all registered dog owners and mail a survey to a random sample of 5,000 owners. Of those, 2,389 responded and 22% say that they favor the law. Which of the following statements is true?

Because random sampling is used, we can feel confident the percentage of all dog owners who say they favor insurance for pit bulls is close to 22%.

Because less than half of those who were mailed the survey actually responded, we can feel fairly confident that the actual percentage of all dog owners who say they favor pit bull owners getting insurance for their dog is close to 22%.

We cannot trust these results because the survey was mailed. Only survey results from face-to-face interviews are considered valid.

The results of this survey may be affected by nonresponse bias.

Answers

Answer:

The results of this survey may be affected by nonrepsonse bias

Step-by-step explanation:

Just took this test

Answer:

The results of the survey may be affected by no response bias

Step-by-step explanation:

ONLY ANSWER IF YOU HAVE SOLUTION OR ELSE U WILL BE REPORTED!
There are 12 runners in marathon and all runners have equal chance of winning. What is the probability that a person may win a bet on the race if he has to correctly select the top 3 runners and
the order they finish in?
a) 1/1320 b) 1/1728
c) 3/1728 d) 1/12
kindly solve it using permutation technique

Answers

Answer:

A) 1/1320

Step-by-step explanation:

We know there are 12 runners in the race. Of these 12 people, one of them will get first place. In other words, 12 people have a chance of getting first place. Now there are 11 people remaining to get second place. Since one of the twelfth came first place, there are now 11 runners remaining to get second place. Finally, there are 10 people remaining. Since two of the 12 people came first and second, there are 10 people remaining who can get third place. So if a person was to correctly select the top 3 runners, then he would have a chance of 1/1320. You get this by multiplying 10, 11,12. You get 1320. since you have to pick one combination of 1st,2nd, and 3rd, the answer is A.

What is 30% off $14.16

Answers

The answer to that is 9.91

Answer:

Step-by-step explanation:

14.16*30%= 4.248 or 4.25 off

What is the unit rate of $8.75 for 2.5 gallons?

Answers

Answer:

21.875

-------------------------------------------------------------------------------------------------

$8.75/2.5

$8.75× 2.5= 21.875

2.5×2.5=1

I need help with number 20 please help!!!

Answers

It can possibly be 20/1

Maria tenia 6.500kg de patatas. Las envaso en sacos de 25kg y los puso a la venta a 30$ cada uno. Vendio la mitad de los sacos a ese precio y el resto los vendio todos a 2$ menos cada saco. ¿ Cuanto dinero obtuvo?

Answers

Responder:

$ 7540

Explicación paso a paso:

Dado que:

Kilogramos totales de papa = 6500

Número de kilogramos por paquete = 25

Precio por paquete = $ 30

La mitad se vendió a $ 30

El resto se vende a ($ 30 - $ 2)

Número total de paquetes de 25 kg:

6500 kg / 25 kg = 260 paquetes

Por lo tanto, paquete total = 260 paquetes

La mitad se vende a $ 30:

(260/2) * 30

130 * $ 30 = $ 3900

Resto vendido a $ 28:

(260 - 130) * $ 28

130 * $ 28 = $ 3640

Cantidad total realizada:

$ (3640 + 3900) = $ 7540

True or False. Exponential Functions will create a straight line on a graph

Answers

Answer:

False

Step-by-step explanation:linear functions will create a straight line on a graph, exponentials will not.

Can somebody please tell me the value of x

Answers

Answer:

x=-4

Step-by-step explanation:i think this is is i hope it helps

what fraction is equivalent to -3/7
A. 3/-7
B.-3/-7
C.-7/3
D.7/3
ALSO PLEASE SAY HOW I NEED TO EXPLAIN HOW ITS EQUIVALENT​

Answers

Answer:

A

Step-by-step explanation:

It is equivalent because as along as only one has the negative sign, then it will still be negative. Both being negative makes it positive and flipping the fraction changes the value.

Answer:

A

Step-by-step explanation:

the negative sign is exchangeable between the denominator and numerator because positive multiplied or divided by a negative will aways be a negative

Which of the following is equivalent to (8-5) ÷ 2 to the third power?
A. 3/8
B. 19/8
C. 27/8
D. 1/125​

Answers

Answer: 27/8
Work:
8-5=3
3/2=1.5
1.5 to the 3rd is 3.375
Put 3.375 into a fraction you get 27/8

The required value is 27/8, which is determined when we compute the expression (8-5) ÷ 2 raised to the third power. Thus, the option (C) is correct.

To find the equivalent expression to (8-5) ÷ 2 raised to the third power, we first simplify the expression inside the parentheses:

(8-5) ÷ 2 = 3 ÷ 2.

Next, we raise this simplified expression to the third power:

(3 ÷ 2)³

To evaluate this, we cube both the numerator and denominator:

(3^3) ÷ (2³) = 27 ÷ 8.

Therefore, the expression (8-5) ÷ 2 to the third power is equivalent to 27/8.

Hence, the correct answer is option C: 27/8.

This means that 27/8 is the value we get when we compute the expression (8-5) ÷ 2 raised to the third power.

Learn more about expressions here :

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Pls help I’m timed on my test
what is the y- intercept of the linear function?
Y = -1/3 x + 1

Answers

Answer:

+1

Step-by-step explanation:

the last number is the y intercept

Answer:

The y-intercept is (0,1).

Step-by-step explanation:

y=mx+b

b is the y-intercept

At a dinner the meal costs $22 and a sales tax of $1.87 was added to the bill ow much would the sales tax be on $66 meal What is the tax rate for meals in the city At a dinner the meal costs $22 and a sales tax of $1.87 was added to the bill At a dinner the meal costs $22 and a sales tax of $1.87 was added to the bill At a dinner the meal costs $22 and a sales tax of $1.87 was added to the bill how much would the sales tax be on $66 meal What is the tax rate for meals in the city

Answers

Answer:

$5.61

8.5%

Step-by-step explanation:

Cost of meal = $22

Sales tax = $1.87

How much would the sales tax be on $66 meal

= $66/$22 × $1.87

= 3 × $1.87

= $5.61

What is the tax rate for meals in the city

Tax rate = sales tax / cost of meal × 100

= $1.87/$22 × 100

= 0.085 × 100

= 8.5%

Tax rate = 8.5%

Mount Mauna Kea is the tallest mountain when measured from its base. It rises from 5854m below sea level to 4349m above sea level. How tall is Mount Mauna Kea? Use numbers and words to explain your thinking. *

Answers

Answer:

10,203 meters tall

Step-by-step explanation:

Sea Level is given a value of 0 and is measured as the starting point. Anything below sea level would be a negative value. Therefore, to calculate the total height of Mount Mauna Kea we would need to add the height below sea level with the height above sea level as both positive values.

5854m + 4349m = 10,203m

Finally, we can see that Mount Mauna Kea is 10,203 meters tall.

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