Clark and Lindsey Banks have agreed to purchase a home for $225,000. They make a down payment of 15%. They have obtained a mortgage loan at a 6.5% annual interest rate for 25 years now. What is the mortgage total if they finance the closing costs?​

Answers

Answer 1

Answer:

Mortgage total is $387,400.11.

Step-by-step explanation:

Thee monthly mortgage monthly payment is first calculated using the following formula:

M = P * (r / (1 – (1 + r)^-n)) …………………………. (1)

Where;

M = monthly payment = ?

P = principal = Purchase price * (1 - Down payment percentage) = $225,000 * (1 - 15%) = $191,250

r = monthly interest rate = annual interest rate / 12 = 6.5% / 12 = 0.065 / 12 = 0.00541666666666667

n = number of months = 25 years * 12 months = 300

Substituting the values into equation (1), we have:

M = $191,250 * (0.00541666666666667 / (1 - (1 + 0.00541666666666667)^-300))

M = $191,250 * 0.00675207161347643

M = $1,291.33

Mortgage total can now be calculated as follows:

Mortgage total = Monthly payment * Number of years * Number of months in a year

Mortgage total = $1,291.33 * 25 * 12

Mortgage total = $387,400.11

Therefore, the mortgage total is $387,400.11.


Related Questions

What is the graph of g(x) = 2^x-1 + 3

Answers

Answer: its D

Step-by-step explanation:

can someone help me figure this out

Answers

Answer:

I think the answer is Z is 45 degrees

hope this helps!

Answer:

The value of tangent Z is

[tex] \frac{3}{4} [/tex]

Note that the question asks for the value of tan z NOT angle z.

Step-by-step explanation:

[tex] \tan(z) = \frac{opposite}{adjacent} = \frac{21}{28} = \frac{7 \times 3}{7 \times 4} = \frac{3}{4} [/tex]

A coach throws a football from a height of 4 feet with an initial velocity of 59 feet per second at an elevation angle of 45 degrees. Which parametric equation represents the path of the football

Answers

Answer:

[tex]x=(59cos 45\textdegree)t,y=4+(v_0sin45\textdegree)t-16t^2[/tex]

Step-by-step explanation:

From the question we are told that

Height [tex]h=4feet[/tex]

Initial velocity of[tex]v_0=59 feet/sec[/tex]

Angle [tex]\theta= 40\textdegree[/tex]

Generally the parametric equation for projectile motion is mathematically given by

[tex]x=(v_0cos\theta)t,y=y_0+(v_0sin\theta)t-16t^2[/tex]

Therefore

[tex]x=(59cos 45\textdegree)t,y=4+(v_0sin45\textdegree)t-16t^2[/tex]

The parametric equation that represents the path of the football

[tex]x=(59cos 45\textdegree)t,y=4+(v_0sin45\textdegree)t-16t^2[/tex]

Answer:

C

Step-by-step explanation:

x2+y2=r2 Solve for y

Answers

Answer: [tex]y=\sqrt{r^{2} -x^{2} }[/tex]

Step-by-step explanation:

x^2+y^2=r^2 --> subtract x^2 to other side

y^2=r^2-x^2 --> square root both sides

y=sqrt(r^2-x^2)

Michael's High School is selling tickets to its spring musical. On the first day of ticket sales the school sold 1 adult ticket and 3 student tickets for a total of $38. The second day of sales, the school sold 5 adult tickets and 1 student ticket for a total of $78

Write a system of equations to represent the number of tickets sold each day

Determine the price of an adult ticket and a student ticket

Answers

Answer:

adult ticket price: $14

student ticket price: $8

Step-by-step explanation:

x = adult ticket

y = student ticket

system equations:

[tex]x + 3y = 38 \\ 5x + y = 78[/tex]

elimination method:[tex]x + 3y = 38 |multiple \: by \: 1\\ 5x + y = 78|multiple \: by \: 3 \\ \\ x + 3y = 38 \\ 15x + 3y = 234 \\ subract \: them: \\ - 14x = - 196[/tex]

substitute:[tex] - 14x = - 196 \\ - x = \frac{ - 196}{14} \\ - x = - 14 \\ x = 14[/tex]

find the y using substitution method:

x+3y=38

14+3y=38

3y=24

y=24/3

y=8

so the price of an adult ticket is $14 and the price of student ticket is $3

Find the equation of a line that contains the points (0,4) and (3,7). Write the equation in slope-intercept form.

Answers

y=x+4 OR y=1x+4 hope this helps!!

Answer:

y=mx+b

y= 1x + 4

Step-by-step explanation:

m= y2-y1/x2-x1

m= 7-4/3-0

m= 3/3

m=1

y=mx+b

7= 1*3+b

7=3+b

-3  -3

4=b

y=1x+4

Dawn enjoys exercising on the hiking trail by her house. She ran 2/5 of

the trail on Monday and then ran a different 1/3 of the trail on Tuesday.

How much of the trail had she covered on the two days?

Answers

Answer:

11/15 of  the trail

Step-by-step explanation:

Step one:

given data

She ran 2/5 of the trail on Monday

Then ran a different 1/3 of the trail on Tuesday

Required

The total distance covered for Monday and Tuesday

Step two:

Total= 2/5+1/3

lcm= 15

Total= 6+5/15

Total= 11/15

What is the reason that absolute value is always written as a positive?
Absolute Value is talking about numbers so it must be positive
Absolute Value is like a clock it has only positive numbers
Absolute value does not always have to be positive
Absolute value is talking about distance (Distance from zero); distance is always
measured by positive numbers.

Answers

Answer:

Absolute value is talking about distance (Distance from zero); distance is always measured by positive numbers.

A man needed to sell a car. He priced it at 3500 the first day. The second day he reduced the price by 15%. What was the price of the car after this reduction?

Answers

Answer:

Step-by-step explanation:b

like to have some leftovers. I've discovered that the proper ratio of turkey to people is 12 pounds of turkey for every 8 people. If 36 people are going to be eating, how many pounds of | turkey do I need to buy?​

Answers

Answer:

A

Step-by-step explanation:

Took the test

There is a need for 58.5 pounds of turkey for 36 people.

What is Ratio?

The ratio is defined as a relationship between two quantities, it is expressed as one divided by the other.

The proper ratio of turkey to people is 12 pounds of turkey for every 8 people.

Let the number of pounds would be x for 36 people

According to the given situation, we can write the ratio would be as:

12 pounds of turkey : 8 people = x pounds of turkey : 36 people

⇒ 12 / 8 = x / 36

Apply the cross-multiplication operation,

⇒ 8x = 13 × 36

Apply the multiplication operation,

⇒ 8x = 468

⇒ x = 468/8

Apply the division operation,

⇒ x = 58.5

Therefore, there is a need for 58.5 pounds of turkey for 36 people.

Learn more about the Ratio here:

brainly.com/question/1504221

#SPJ2

Find 40% of 28. Use a fraction.
O 10
Non
One
011
1
O 11

Answers

Answer:

14/125

Step-by-step explanation:

Because 40% of 28 is 11.2 11.2 as a fraction is 14/125

14/125 I hope this helps you :3

HELP ME PLEASEEEEEE THANK YOU

Answers

Answer:

from shortest to longest

NR

RS

NS

Step-by-step explanation:

HOPE IT HELPS

Simplify 2 + 3/5x - 1 - 1/5x​

Answers

Answer:

6

Step-by-step explanation:

6 is the answer to your question

combine like terms!
the like terms combined are
2-1=1
3/5x-1/5x=3x
so when you put it together the answer is 3x+1

What is the slope of the line whose equation is 12=4x−6y?

Enter your answer in the box.

Answers

Slope= 2/3
Explanation- adding 6y on both sides and subtracting 12 on both sides of eq, 12 + 6y -12=4x+6y-6y-12
6y = 4x-12
Divide by 6 on both sides of eq, we get y=4/6 x -12/6
y=2/3 x-2

Please helpppp meeee

Answers

Answer: C) ASA Theorem

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

Explanation:

Let's go through the answer choices one at a time.

A) The AA postulate is only used for similar triangles, and not congruent triangles. We need information about at least one pair of sides. Using the angles only isn't enough. We can rule out choice A.B) The HL postulate only applies to right triangles. These triangles are acute triangles, so we can rule out choice B.C) This is the answer as we can rule out choice D, so this is the only thing left. Also, if we know that angle A = angle A'' and angle B = angle B'', then we could use the ASA theorem to prove the triangles congruent.D) This is not a valid congruence theorem. This is because we could have ambiguous cases that arise and lead to confusion. Also, it is possible that if we know two sides and a non-included angle, then a triangle may not be able to be formed. It will depend on the angle and side values. Therefore, we can rule out choice D.

Solve for y in the equation C = 5x² +y

Answers

Answer:

y=C-5x^2

Step-by-step explanation:

Mariam Ali
0.1 Express the ratio as a fraction in simplest form:18 ounces to 3 cups
2 points
O 6 to 1
O 1/6
O 18/3
O 3/18​

Answers

[tex]\huge\star{\underline{\mathtt{\red{A}\pink{N}\green{S}\blue{W}\purple{E}\orange{R}}}}\star[/tex]

18 ÷ 3

= 6/1

Option [a] 6 to 1 is correct !

Brandi rolls a fair Six-sided Number cube flips a fair coin, and then rolls the number cube again. Which outcome is part of sample space?

Answers

Answer:

Options aren't given but explanation and answer is below:

Step-by-step explanation:

First action/trial  -  Rolling a fair dice (6-sided number cube)

Second action      -  Flipping a fair coin

Third action        -   Rolling a fair dice

In this experiment, all the equipment are fair. What this means is that there is no bias; every face of each equipment has an equal chance of emerging tops.

In your options, you should have three values per option.

The first would be the number resulting from the first throw of dice.

The second would be head or tail; which are the only two faces of a coin.

The third would be the number resulting from the second throw of dice.

So ONE of those options will be a part of the sample space, which is enlisted below:

Trial A:  {1, 2, 3, 4, 5, 6}

Trial B:   {Head, Tail}

Trial C:   {1, 2, 3, 4, 5, 6}

* If there's an option like {9, Tail, 2} it will be wrong, because it has an element "9" which does not fall within the prescribed sample space.

* Also, if we follow the order in which Brandi conducted this experiment, an option like {Head, 6, 5} will be wrong, since the elements are wrongly placed.

One number is 6 less than another. Their sum is 14. Find the numbers.

Answers

Answer:

4 and 10

Step-by-step explanation:

10-4=6

and 10 plus 4 equals 14

so the numbers are 4 and 10

A school has 840 pupils, if the school hall has seats 85% of the pupils, how many pupils will have no seats?​

Answers

Answer:

126

Step-by-step explanation:

So theres 840 people and 85% got a seat

We just do 840 * 85% = 714

then to find the people without the seat

840 - 714 = 126

Which math expression means "the sum of 33 and 18"? O A. 33 = 18 O B. 33. 18 O C. 33 - 18 O D. 33 + 18​

Answers

Answer:

D. 33 + 18

Step-by-step explanation:

Sum in mathematics is the same as addition or plus.

As such the sum of two or more numbers is the addition of these numbers or the result obtained when the plus sign is placed in between the given numbers.

Hence, the sum of 33 and 18 may be expressed as

33 + 18

Option D is right

What is the measure of QS?

Answers

Answer:

21.9mm

Step-by-step explanation:

6.2+ 15.7 = 21.9

hope this helps....

At the beach, a child is filling a plastic bucket with sand. If the bucket is in the shape of a cylinder, with a height of 9 inches and a radius of 4.5 inches, approximately how much sand will fill the bucket? (Use 3.14 as an approximate of pi.)

A) 254.3
B) 508.7
C) 572.3
D) 2,289.1

Answers

Answer:

Volume of a Cylinder = πr²h

v = 3.14 * (0.5)² * 2.5

v = 3.14 * 0.25 * 2.5

v = 1.96 Ft³

Step-by-step explanation:

Answer:

Step-by-step explanation:

a

find the value of x in the figure below

Answers

Answer:

24

Step-by-step explanation:

cuz its an iscosceles triangle so the angles are the same so

2x-4=44 and solve

876 divided by 63 ___ R___

Answers

13 R 9 Is your answer I believe an did you use a calculator your remainder is the tenth decimal

Answer:

139 r 3

Step-by-step explanation:

I did the math in my notebook

What is the area of the figure below?

A 22 cm
B 24 cm2
C 48.5 cm2
D 56 cm

Answers

8x 4 = 32
7-4 = 3
3x3 =9
8-3=5
5x 3 = 15/2 = 7.5
32+9+7.5 =48.5 cm

Which answer choice below represents the greatest percent change? F. To earn a position on the school’s wrestling team, Colin increased his weight from 170 pounds to 185 pounds. G. A 42” flat screen television originally priced at $630 is now on sale for $441. H. Marshall grew from 60 inches to 66 inches over the summer break. J. Derrick cut a pipe measuring 17 feet so that it now measures 11 feet.

Answers

i believe it to be F but i’m not sure

Answer:

f

Step-by-step explanation:

Z/7=8 what is the missing number and how do you figure it out

Answers

Answer:

56

Step-by-step explanation:

Multiply 7 to both sides to get x by itself.

z/7=8

z=8(7)z=56

Check:

56/7=8

What is the value of x in the equation Negative two-fifths x minus 2 = 18? –50 –40 –8 –6

Answers

-2/5x -2= 18
-2/5x=18+2
Divide -2/5 with both sides
x= -50

Answer:

A. -50

Step-by-step explanation:

your welcome!

5
4
2
1
O
3
4
5
A
Which equation best represents the line? (4 points)
Oy - 3x - 1
Oy - 3x + 1

Answers

Answer:

The equation best represents the line is:

y = 3x-1

Step-by-step explanation:

The slope-intercept form of the line equation

y = mx+b

where

m is the slopeb is the y-intercept

Taking the two points

(0, -1)(1, 2)

Determining the slope between the points (0, -1) and (1, 2)

[tex]\mathrm{Slope}=\frac{y_2-y_1}{x_2-x_1}[/tex]

[tex]\left(x_1,\:y_1\right)=\left(0,\:-1\right),\:\left(x_2,\:y_2\right)=\left(1,\:2\right)[/tex]

[tex]m=\frac{2-\left(-1\right)}{1-0}[/tex]

Refine

[tex]m=3[/tex]

We know that the value of the y-intercept can be determined by setting x = 0 and determining the corresponding value of y.

As we are given the point (0, -1)

It means at x = 0, y = -1

Thus, the y-intercept b = -1

now substituting b = -1 and m = 3 in the slope-intercept form

y = mx+b

y = 3x + (-1)

y = 3x-1

Therefore, the equation best represents the line is:

y = 3x-1
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