Suppose you make monthly mortgage payments of $1,345 and have 10 years left on the mortgage (next payment due next month). Assuming a 3.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage? ​

Answers

Answer 1

I will need $1,61,884.2 to pay off the mortgage.

This problem is related to simple interest and we have to calculate the amount after 10 years which is payable in the form of mortgage.

The monthly mortgage payment is $1,345.

Rate of interest is 3.6% per annum.

Time is given to be 10 years.

Simple interest for 10 years = 1345×3.6×10/100

                                            = $ 484.2

So, the total money required to clear the mortgage

= $(1345×12×10) + $ 484.2

= $161400 + $484.2

= $ 1,61,884.2

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Related Questions

The distance from the tip of a slice of pizza to the crust is 7 inches.
Does this represent diameter, circumference, or radius?
ANSWER ASAP THANK YOU

Answers

Answer:

radius

Step-by-step explanation:

PLEASE HELP
In horse​ racing, a trifecta is a race in which you must pick the​ first-, second-, and​ third-place winners in their proper order to win a payoff. If horses are​ racing, and you randomly select three as your bet in the​ trifecta, what is the probability that you will​ win? (Assume that all horses have the same chance to​ win)

Answers

0.0030  is the probability that you will​ win .

In statistics, what does a probability mean?

The likelihood that an event will occur in a Random Experiment is measured by probability. A number between 0 and 1 is used to quantify probability, where, broadly speaking, 0 denotes impossibility and 1 denotes certainty. The likelihood that an event will occur increases with its probability.

Here order of selection is important, so we will use permutation.

Total number of ways to choose 3 horses out of 8 = 8P3 = 8! / (8 - 3)! = 336

P(win) = 1/336 = 0.0030

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Bilquis wants to ride her bicycle 47.6 miles this week. She has already ridden 8 miles. If she rides for 6 more days, what is the average number of miles she would have to ride each day to meet her goal

Answers

The average number of miles she would have to ride each day to meet her goal is 4.7.

It is required to find the average number of miles she would have to ride each day to meet her goal.

What is algebra?

A part of mathematics in which letters and other general symbols are used to represent numbers and quantities in formulae and equations.

Given:

Bilquis wants to ride her bicycle 47.6 miles this week. She has already ridden 8 miles. she rides for 6 more days.

According to given question we have,

8+4x=26

Rearrange unknown terms to the left side of the equation:

4x=26-8

4x=18

Divide 4 on both sides of the equation we get,

4x/4=18/4

x=18/4

x=4.7

Therefore, the average number of miles she would have to ride each day to meet her goal is 4.7.

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what is the answer for 6x + 3(x-2)

Answers

Answer:

9x - 6

Hope this helps! <3

(If you need a step by step lmk)

Answer:

6x+3(x-2)

6x+3x-6

9x-6

−4x+2y+z=1;x−y+3x=−5;3x+y−4z=10 Solve each system, HELP!

Answers

Answer: x = [tex]\frac{-31}{23}[/tex], y = [tex]\frac{-9}{23}[/tex], z = [tex]\frac{-83}{23}[/tex]

Step-by-step explanation :Solving system of equations

Given the following system of equation below

 - 4x + 2y + z =1 .......(1)

x − y + 3x =  −5 ........(2)

3x + y − 4z = 10.........(3)

first we solve eq 1 and eq 3:

we get, -13x + 9y = 14 ..........(4)

Now we solve eq 2 and eq 4 and get value of x and y:

we get,  x = [tex]\frac{-31}{23}[/tex] and y = [tex]\frac{-9}{23}[/tex]

finally we put value of x and y in eq 1 and get the value of z:

-4(-31/23) + 2(-9/23) + z = 1

106/23 + z = 1

z = 1 - 106/23

z =[tex]\frac{-83}{23}[/tex]

Hence the solution of equation is ([tex]\frac{-31}{23}[/tex], [tex]\frac{-9}{23}[/tex], [tex]\frac{-83}{23}[/tex])

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help i need answer to this math question???

Answers

The solution of the geometrical system is (x, y) = (2.5, 48.5).

What are the missing values associated with a geometrical system?

In this question we have a picture representing two lines and a semirray that brings out two formulae for supplementary angles, these are shown below:

(x + 10) + 30 + (3 · y + 2) = 180

x + 3 · y = 148         (1)

30 + (3 · y + 2) + (5 · x - 10) = 180

5 · x + 3 · y = 158    (2)

And now we resolve the entire system of linear equations by substitution:

By (1):

x = 148 - 3 · y

(1) in (2):

5 · (148 - 3 · y) + 3 · y = 158

740 - 15 · y + 3 · y = 158

12 · y = 582

y = 48.5

By (1):

x = 148 - 3 · 48.5

x = 2.5

The solution of the geometrical system is (x, y) = (2.5, 48.5).

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What is 13 1 3 percent as a fraction in simplest form

Answers

Answer:

2/15

Step-by-step explanation:

A percent is a number given out of 100

13 1/3% basically is 13 1/3 | 100

You divide and you get 40/3 x 1/100

Simplify by 20 = 40/300 simplify again and you get 2/15.

If f(1)=1 and f(n)=4f(n-1) what is the value of f(4)?

Answers

Answer:

  64

Step-by-step explanation:

You have the recursive formula f(1)=1; f(n)=4f(n-1) and you want f(4).

Recursion

The value of f(4) can be found a couple of ways. Perhaps the simplest is to compute the first 4 terms of the sequence using the recursive formula.

  f(1) = 1

  f(2) = 4·1 = 4

  f(3) = 4·4 = 16

  f(4) = 4·16 = 64

The value of f(4) is 64.

Explicit formula

The multiplying factor of 4 on the previous term tells you this is a geometric sequence with a common ratio of 4. The explicit formula is then ...

  f(n) = f(1)·r^(n-1) . . . . . n-th term of sequence with common ratio r

  f(n) = 1·4^(n-1) . . . . . . formula for f(1)=1 and r=4

For n=4, this is ...

  f(4) = 1·4^(4-1) = 4^3

  f(4) = 64

what is the answer to 6 + 14 = 5x

Answers

Answer:

x=4

Step-by-step explanation:

6+14=5x

Add 6 and 14 which is equal to 20.

You will get 20=5x which you will then divide by 5 inorder to solve for x.

X=4

Pull out like factors :

5x - 20 = 5 • (x - 4)

Solve : 5 = 0

This equation has no solution.

A a non-zero constant never equals zero

Solve : x-4 = 0

Add 4 to both sides of the equation :

x = 4

The terminal side of angle θ intersects the unit circle in the first quadrant at x=2/5. What are the exact values of sinθ and cosθ?

Answers

Answer:

sin(θ) = (√21)/5cos(θ) = 2/5

Step-by-step explanation:

You want the exact values of sine and cosine of the angle whose terminal point is at x=2/5 on the unit circle in the first quadrant.

Pythagorean identity

The coordinates of a point on the unit circle are (cos(θ), sin(θ)). You already know that the x-coordinate is 2/5, so ...

  cos(θ) = 2/5

The Pythagorean identity in trigonometric terms is ...

  sin²(θ) +cos²(θ) = 1

Then the sine of the angle is ...

  sin(θ) = √(1 -cos²(θ))

  sin(θ) = √(1 -(2/5)²) = √((25 -4)/25)

  sin(θ) = (√21)/5

The exact values of sine and cosine are ...

sin(θ) = (√21)/5cos(θ) = 2/5

hhhhhheeeeeeeeeeellllllllllllppppppppppp!!!!!!!!!!!!

Answers

Answer:7

Step-by-step explanation:

what is the place value?

Answers

D

Tens because tenths are the first number to the right of the decimal point and ones are the first number to the left of the decimal point.


Prove 2(2x+4)= 16 2(2x) by using the laws of exponents.
boris9

Answers

The prove that the equation can be verified using the laws of exponents.

What is the proof of the equation given; 2^(2x+4)= 16 × 2^(2x)?

It follows from the task content that the equation given is; 2^(2x+4)= 16 • 2^(2x).

It follows from the laws of indices ; particularly, the product of same base numbers.

The evaluation is therefore as follows;

2^(2x+4)= 16 • 2^(2x)

2^(2x) • 2⁴ = 16 • 2^(2x)

2^(2x) • 16 = 16 • 2^(2x)

Hence, since LHS = RHS, it follows that the expression is mathematically correct.

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100 points Given f(x)=5(3−x), what is the value of f(−2)?

Answers

Given - F(x) = 5 × 3-x

F(-2) refers to x = -2

Therefore 5×3-(-2) = 5× (3+2) = 5×5 = 25

Hence 25 is the value of f(-2)

Given f(x)=3x-5, find f(x-2).

Answers

Step-by-step explanation:

1 i think becoz if you shift it will become x= 2 so on putting it on eq. we will get 1

Answer:

Step-by-step explanation:

F(x) = 3x-5

F(x-2) = 3(x-2)-5

3x-6-5

3x-11

0 = 3x-11

11=3x

11/3 = x

The answer would be x = 11/3 or 3.67 I believe.

A large water container has a leak. It loses 40 drops of water every minute. If 50 drops of water is equivalent to half of a teaspoon. At what rate
Is the water leaking?
O 48 teaspoons per hour
24 teaspoons per hour
O 80 teaspoons per hour
O 12 teaspoons per hour
O 20 teaspoons per hour

Answers

ans:48 teaspoons per hour

explanation:
container loses 40 drops of water per min so per hour,it loses (40x60=2400)per hour

2400/50=48 so it loses 48 teaspoons per hour

the sum of eleven and ten times a number is 1. What is the number?

Answers

Answer:

the number is -1

Step-by-step explanation:

11 + 10x = 1  Subtract 11 from both sides

10x = -10  Divide both sides by 10

x = -1

Check:

11 + (10 x -1) = 1

11 + (-10) = 1

Person above me is right

-1

Compare the fractions -14/21, -3/9

Answers

Answer:

It's answer is..-2/7 and -1/3

how much of an alloy that is 40% copper should be mixed with 400 ounces of an alloy that is 70% copper in order to get an alloy that is 60% copper

Answers

The mixture requires 200 ounces of 40% alloy.

What is defined as the mixture?

A mixture is a physical combination of two or more substances that retain their identities and are blended as solutions, suspensions, or colloids.

An alloy is a metallic substance made up of two or more elements that can exist as a compound or a solution. Alloy components are typically items, though carbon, a nonmetal, is a necessary component of steel.

x = amount of 40% copper

400 = amount of 70% copper

x + 400 = total amount of copper = amount of 60% copper

Set a correctly weighted mixture of x and 300 equal to the a weighted (x+300), in which the weights are decimal percentages;

40% is 0.4, 70% is 0.7, and60% is 0.6

0.4x + 0.7(400) = 0.6(x + 400)

Solve for x:

0.4x + 280 = 0.6x + 240

0.2x = 40

x = 200

x = 200 ounces of 40% copper.

Therefore, the amount of 40% alloy needed for the mixture is 200 ounces.

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Three men went into a second-hand shop to buy a
television.
It was priced in the window at £30.
Each of them handed over £10 to the shop assistant.
As the assistant opened the till, the manager had a quiet
word with him, "that TV is in the sale and is only £25
now, you will have to give them £5 back."
The assistant was very lazy and couldn't be bothered to
count out the right change for each man.
Instead, he took 5 £1 coins out of the till.
He put two of them in his own pocket and gave each
man £1 back.
Here's the problem:
The men have now paid £9 each for the TV.
The assistant has kept £2 for himself.
3 x £9 = £27.
£27 + £2 = £29.
But £30 was handed over in the first place.
WHERE IS THE MISSING £1?

Answers

Step-by-step explanation:

The trick here is to realize that this is not a sum of the money that the three people paid originally, as that would need to include the money the clerk has ($25). This is instead a sum of a smaller amount the people could have paid ($9 × 3 people = $27), added with the additional money that the clerk would not have needed had they paid that smaller amount ($27 paid - $25 actual cost = $2). Another way to say this is, the $27 already includes the bellhop's tip. To add the $2 to the $27 would be to double-count it. So, the three guests' cost of the room, including the bellhop's tip, is $27. Each of the 3 guests has $1 in his pocket, totaling $3. When added to the $27 revised cost of the room (including tip to the bellhop), the total is $30.

To obtain a sum that totals to the original $30, every dollar must be accounted for, regardless of its location.

Thus, the sensible sum can be expressed in this manner:

URGENTTTT PLEASE ANSWERS Distance between two points whats the distance between the following points?
A. 12
B. 13
C. squareroot of 36
D. squareroot of 97

Answers

Answer: B

Step-by-step explanation:

x[tex]x/y+y/x/x/y-y/x[/tex]

Answers

Answer:  1

Step-by-step explanation:

here only taking the power of x in account

we have

[tex]\frac{x}{y} + \frac{y}{x}-\frac{x}{y} - \frac{y}{x}[/tex]

=0

since  [tex]x^{0}[/tex] =1

so solution is 1

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Translate the sentence into an equation.
Nine more than the product of a number and 6 is equal to 4.
Use the variable x for the unknown number.

Answers

Answer:

6x + 9 = 4

Step-by-step explanation:

Divide 4 and 5 over 6 ÷ negative 2 and 1 over 7.

Answers

Answer:

I don't get the question will please can u snap it so I can see it my self and I will help u

Answer: -2 1 over 2

Step-by-step explanation:

f (a) = 3a + 2, When
f(a) = 11

Answers

3a+2=11
3a=9
a=3

. . . .

Answer:

3

Step-by-step explanation:

Think of "f(a)" like "y" in this context.   You can set that equal to 11 and solve for a:

f(a) = 3a + 2

11 = 3a + 2

9 = 3a

3 = a

A bicycle-sharing station on Main Street has 5 times as many bicycles as a station on Park Avenue. There are 24 bicycles at the two stations. How many bicycles are at the Main Street station?​

Answers

There are 20 bicycles at the Main Street station.

According to question statement, A bicycle-sharing station on Main Street has 5 times as many bicycles as a station on Park Avenue. There are 24 bicycles at the given two stations.

We are supposed to know the number of bicycles at the Main Street station.

Let us assume that the number of bicycles at the Park Avenue station is "x". Then, number of bicycles at the Main Street station will be "5x".

We will have to form a Linear Equation of single variable "x" as per the conditions based in the question statement, and solving for x, we will obtain our desired answer.

As there are 24 bicycles at the two stations therefore,

[tex]x + 5x = 24[/tex], will be our equation.

Solving the equation for x, we get

[tex]x + 5x = 24\\6x = 24\\x=\frac{24}{6} \\or x=4[/tex]

Therefore the number of bicycles at the Park Avenue station is 4.

And the number of bicycles at the Main Street station will be 5x i.e., [tex]5*4 = 20[/tex].

Linear Equation:  The equation whose graph is always a straight line.

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determine whether AB and CD are parallel, perpendicular, or neither.
A(1,5), B(4,4), C(9,-10), D(-6,-5)

Answers

A thee you gooooooooooooooooooooooo

SOS, is for today!!!!

Answers

Given that the total length of the piece of steel is 25in, the numerical lengths of the first, second and third piece of the steel are 3in, 6in and 16in respectively.

What is the numerical length of each piece of the steel?

Given the data in the question, let x represent the length of the first piece.

Length of first piece = xLength of second piece = 2xLength of third piece = 5x + 1Total length of the steel = 25 in

To determine the length of each piece, we equate the sum of the pieces to the total length of the steel ( 25in ).

x + 2x + ( 5x + 1 ) = 25

3x + 5x + 1 = 25

8x + 1 = 25

8x = 25 - 1

8x = 24

x = 24/8

x = 3

Hence,

Length of first piece = x = 3 inch

Length of second piece = 2x = 2(3) = 6 inch

Length of third piece = 5x + 1 = 5(3) + 1 = 15 + 1 = 16 inch

Given that the total length of the piece of steel is 25in, the numerical lengths of the first, second and third piece of the steel are 3in, 6in and 16in respectively.

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"a number is no more than 26"

Answers

Answer:

1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25

Please answer fast..............................................

Answers

Answer:

[tex]V=lwh\\\frac{V}{lw} = \frac{lwh}{lw} \\\frac{V}{lw} = h[/tex]

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