6. Monthly Mortgage payments can be found using the formula Below:

M-PG2)(1+1)"

(1+12"-1

M = monthly payment

P = amount borrowed

r=annual interest rate

n = number of monthly payments

The Ranallo family just bought a house. They qualified for an annual interest rate of 5.2% and their monthly payment

was $800 for a 30 year mortgage. Algebraically determine the amount of their loan to buy the house.

Answers

Answer 1

Answer:  your equation is poorly written/wrong hence I used the equation below

answer :  $289156.63

Step-by-step explanation:

applying the formula to calculate monthly repayment of Mortgage

M = P [ r(1+r)^n / ( ( 1+r )^n ) -1 ) ]  -----  ( 1 )

M = Total monthly payment = 800 * 12 * 30 = $ 288,000

P = ?

r = 5.2% / 12 = 0.4%

n = 30 * 12 = 360 months

Back to equation 1

P = M / [ r(1+r)^n / ( ( 1+r )^n ) -1 ) ]

   = 288000 / [ 0.004 ( 1.004)^360 / (( 1.004)^360 ) - 1 ) ]

   = 288,000 / -0.996  =  - $289156.63 ( It has a negative value because It is a loan borrowed )


Related Questions

PLEASE!!! PLEASE!!! PLEASE!!! I SWEAR TO GOD I WILL MARK YOU BRAINLIEST AS SOON AS I HAVE THE OPTION TO!!! ( Also pls don't answer unless you're actually going to help me, thank you!)

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Answer:

Ok, I believe goes like this: the fourth blue box is first, the second blue box is second, the third blue box is third, and the first blue box is last.

Step-by-step explanation:

What is the surface area of this right rectangular prism with dimensions of 6 centimeters by 6 centimeters by 15 centimeters?
432
425
445
412

Answers

Answer:

432

Step-by-step explanation:

a) Write down the mathematical name of this shape?

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Answer

this is a Parallelogram or a Polygon

Step-by-step explanation:

most likey the polygon

as i see it, it looks like a polygon

heres is an inequality -3x>18

1. list some values for x that would make this inequality true.

2. How Are the solutions to the inequality -3x>18 different from the solutions to -3x>18 explain your reasoning.​

Answers

All value less than -6 make that inequality true

|2a+1|=1 plz help and no link

Answers

Answer:

2a+1=1

or, 2a=1-1

or, 2a=0

or, a=0/2

or, a=2

Step-by-step explanation:

please check the answer correct or wrong

Grant has 6 red socks, 4 blue socks, 8
green socks, and 2 yellow socks in a
drawer. He will randomly select two socks
from the drawer one at a time without
replacement. What is the probability that
Grant will select a blue sock and then a
green sock?
F
25
50
95
95

Answers

The answer to your question in the gray sock is 95 I hope this helps

The probability that Grant will select a blue sock and then a green sock = [tex]\frac{8}{95}[/tex].

What is probability?

Probability is the branch of mathematics concerning numerical descriptions of how likely an event is to occur, or how likely it is that a proposition is true. The probability of an event is a number between 0 and 1.

The probability that Grant will select a blue sock and a green sock =

= Probability of choosing a blue sock * Probability of choosing a green sock out of the remaining socks

=  [tex]\frac{Number\ of\ blue\ socks}{Total\ number\ of\ socks} * \frac{Number\ of\ green\ socks\ out\ of\ remaining\ socks }{Total\ number\ of\ remaining\ socks}[/tex]

= [tex]\frac{4}{20} * \frac{8}{19} = \frac{8}{95}[/tex]

Learn more about probability here

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NO FILES OR LINK PLSSS HELP

a.14ft/yr
b.3ft/yr
c.7ft/yr
d.10ft/yr

Answers

Answer:c.7ft/yr

Step-by-step explanation:

You roll a die and pick a marble. How many outcomes are possible?

Answers

Answer:

2/6

Step-by-step explanation:

lthe farmer hgjhbjurd​

Answers

Answer:

hey have a good day lol

Step-by-step explanation:

Brainliest please! and thanks btw

can somebody please help me answer this question​

Answers

Answer:

the mean is 9

Step-by-step explanation:

add all the numbers then divide by 6

Answer:

The mean is 9.

Step-by-step explanation:

The mean of a data set is all of the numbers added together, divided by how many numbers are present.

For instance, 10+10+8+9+7+10 = 54.

Since there are 6 numbers in this data set, you divide 54 by 6 and get 9.

Therefore, the mean of this data set is 9.

What is the perimeter of this red
polygon?
2 cm
3 cm
4 cm
4 cm
[? ]cm
please help asap:))

Answers

96

multiply the side length by the number of sides

Solve 4(9)^x =2,916 , for x

Answers

X=81
Hope this helps :)


24% of the animals at an animal shelter are dogs. About what fraction of the animals at the shelter are
dogs?
About
of the animals at the shelter are dogs.

Answers

Answer:

6/25

Step-by-step explanation:

Answer:

6/25

Step-by-step explanation:

The table shows a linear function.
X
у
-1
5
0
2
3
-7
8
-22
What is the slope of the table?
OOT

Answers

Answer:

-3

Step-by-step explanation:

:)

A Bag contains 3 green marbles, 7 white marbles, and red marbles (and no other marbles). One marble is chosen without
looking
Pia P (not green)
Find the COMPLEMENT of P.

Answers

Answer:

what is the multiple choice

Step-by-step explanation:

Answer:

A White Marble

Step-by-step explanation:

The chance of choosing a white marble is 7/12 (amount of red marbles = 2 because there is no exact number, the problem only states there are more than one marble. To find probability, add all of the possible changes combinations of choosing a marble from the bag. ( 3 + 7 + 2 = twelve. After finding how many possible combinations there are, subtract the # of possible combinations from the # of marbles that are not white. ( 12 - 5 = 7 ). Finally, put the amour of white marbles next to the # of possible combinations. (7/12)

Josh drinks 3 1/2 pints of milk a day. How much is this in cups?

Answers

Answer:

7 cups

Step-by-step explanation:

1 pint is 2 cups.

Just double the number of pints to get the amount of cups

Answer:

7

Step-by-step explanation:

The measurement of the three interior angles of a quadrilaterals are: 85 °, 54 ° and 96 °, what is the measurement of the fourth angle?​

Answers

Question:-

The measurement of the three interior angles of a quadrilaterals are: 85 °, 54 ° and 96 °, what is the measurement of the fourth angle?

Answer:-

Given:-

The measurement of the three interior angles of a quadrilaterals are: 85 °, 54 ° and 96 °

To Find:-

The measurement of the fourth angle.

Solution:-

By angle sum property of a quadrilateral,

Sum of all the interior angles = 360 °

So, let the fourth angle be x

[tex] \therefore [/tex] 85 ° + 54 ° + 96 ° + x = 360 °

[tex] \therefore [/tex] 235 ° + x = 360 °

[tex] \therefore [/tex] x = 360 ° - 235 ° = 125 °

The measurement of the fourth angle is 125 °. [Answer]

If the perimeter of a triangle is 31 ft and two of the side lengths are 15 ft and 10 ft, what is the length of the third side?

A.16ft
B.25ft
C.6ft
D.56ft

Answers

Answer:

C) 6 ft

Step-by-step explanation:

Perimeter is just adding the side lengths together so...

31-15-10=x

6=x

so your answer is 6ft

c) 6ft is the answer

What 2 conditions must be met for Segment XY to be the Midsegment of Triangle SRT?

List 1. and 2. in the box below.



1.______________________________________________________

2.__________________________________________________________



If Segment XY is the midsegment of Triangle SRT, what are the 2 properties that are created? List 3. and 4. in the box below.

3.________________________________________________________

4.___________________________________________________________

Answers

Answer:

Midsegment is the segment connecting the midpoints

1. X must be a midpoint of RS2. Y must be a midpoint of RT

Properties of a midsegment

3. XY is parallel tp ST4. XY is half the length of ST

That's based on BPT or Thales theorem

#1

X must be midpoint of SR

#2

Y must be midpoint of TR

#3

XY is half of ST

#4

XY|| ST

does anyone know any other apps i can use, i have to watch an add every time otherwise the answer is blurred

Answers

Answer: You can create an account for free, you won't get any ads

Step-by-step explanation:

Answer:

It dependents, are you looking for math, science, English, etc  

Step-by-step explanation:

Find the solution of 64 = 16u algebraically.
please I’m desperate

Answers

Answer:

u = 4

Step-by-step explanation:

Divide by 16 on both sides. [Division Property of Equality]

64/16 = 16u/16

u = 4

==================================================================Hope I Helped, Feel free to ask any questions to clarify :)

Have a great day!

More Love, More Peace, Less Hate.

     -Aadi x

Guys pls help me!!!!!!!!

Answers

Answer:

D. y = -x^2 + 1

Step-by-step explanation:

Help me please. I need this done tonight

Answers

Answer:

On the first one, multiply 6 by 3 (18) and subtract from 27 = $11

Step-by-step explanation:

$11 divided by three

About $3.66 Per day. I don't know how to do those graphs you doin but that's the answer to the question itself. Hope I helped?

The second one:

Divide 77 by 7 days (11)

Then subtract 4 from that (which gives you 7) because you need to know how much water is used on the flowers, not the shrubs. So, the answer should be 7. Correct me if I'm wrong, people.

what percent of the grid is shaded ​

Answers

Answer:

2%

Step-by-step explanation:

This grid is a 10 by 10, meaning there are 100 total squares. If only 2 of them are shaded, our fraction would be 2/100, which is equivalent to 2%

“For any numbers x and y, where x >0 and y > 0”

Answers

Answer:

I believe that the answer is true I could be wrong though

Please help so I don’t fail this class

What is the measure of the reference angle for a -287° angle

Answers

The measure of the reference angle for a -287° angle is 17°.

To measure of the reference angle for a -287° angle

1. Determine the quadrant: First, we need to identify the quadrant in which the angle -287° lies.

  - In the standard coordinate plane, angles between 0° and 90° are in the first quadrant, between 90° and 180° are in the second quadrant, between 180° and 270° are in the third quadrant, and between 270° and 360° are in the fourth quadrant.

  - Since -287° falls in the third quadrant, we know that the reference angle will be found in the first quadrant.

2. Find the corresponding acute angle: To find the reference angle, we need to find the acute angle that has the same trigonometric values as the given angle.

  - To do this, we can add 360° to the given angle (-287° + 360° = 73°). This gives us an equivalent positive angle in the same position.

3. Determine the reference angle: Now that we have the positive equivalent angle (73°), we can find the reference angle by subtracting it from 90° (90° - 73° = 17°).

Therefore, the measure of the reference angle for a -287° angle is 17°.

For more Questions on reference angle

https://brainly.com/question/16884420

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PLEASE HELPPP WILL GIVE BRAINLIEST!!!

Answers

Answer:

Step-by-step explanation:

where is the question?

Which is the graph of f(x)=1/4(4)c?



Answers

Answer:

The seacont one will be your answer hope it helps

Step-by-step explanation:

Item 1
Which measurement is equivalent to 1 kilogram?

10,000 grams

1,000 grams

100 grams

10 grams

Answers

1000 grams. 1 kilogram is equivalent to 1000 grams

3x – 9y + 2x – 2x
simplify

Answers

Answer:

3x-9y

Step-by-step explanation:

both 2x's in the equation cancel out to zero leaving the answer

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