Grace bought a property valued at $200,00.00 and 20% down and a mortgage amortized over 10 years. She makes equal payments due at the end of every months. Interest on the mortgage is 4% compounded semi-annually and the mortgage is renewable after five years. a) What is the size of each monthly payment? b) What is the outstanding principal at the end of the five-year term? c) What is the cost of the mortgage for the first five years?

Answers

Answer 1

Answer:

Size of each monthly payment = $161.69 per month

Step-by-step explanation:

Given:

Value of property = $20,000

Downpayment = 20%

Number of payment = 12 x 10 = 120

Interest rate = 4% = 4% / 12 = 0.33 %

Computation:

Loan balance = 20,000 - 20%

Loan balance = $16,000

A] Size of each monthly payment [In Excel]

Size of each monthly payment = PMT(0.33%,120,16000,0)

Size of each monthly payment = $161.69 per month


Related Questions

Solve for b.
7
b
12
b= ✓ [?]
Pythagorean Theorem: a2 + b2 = c2
Enter

Answers

Answer: [tex]b=\sqrt{95}[/tex]

Step-by-step explanation:

To solve for b, we want to use the Pythagorean Theorem as given.

b and 7 are the legs, and 12 is the hypotenuse.

[tex]7^2+b^2=12^2[/tex]      [exponent]

[tex]49+b^2=144[/tex]     [subtract both sides by 49]

[tex]b^2=95[/tex]               [square root both sides]

[tex]b=\sqrt{95}[/tex]

Now we know [tex]b=\sqrt{95}[/tex].

The shaded area in the distribution below represents approximately 95% of the data. Use the diagram to find the mean and the standard deviation.

Answers

Answer:

85 i guess

Step-by-step explanation:

The mean of the distribution is 70 and the standard deviation of the distribution is 4.

The shaded area in the distribution below represents approximately 95% of the data. This means that the shaded area is equal to 1.96 standard deviations from the mean.

The 68-95-99.7 rule states that 95% of the data in a normal distribution falls within 2 standard deviations of the mean. So, the shaded area in the distribution below represents the area between 1.96 standard deviations below the mean and 1.96 standard deviations above the mean.

The mean of the distribution is the center of the shaded area. The standard deviation of the distribution is the distance from the mean to the edge of the shaded area.

In this case, the mean of the distribution is approximately 70. The standard deviation of the distribution is approximately 4.

Here is a step-by-step explanation of how to find the mean and the standard deviation:

Identify the shaded area in the distribution.

Remember that the shaded area represents 95% of the data.

Use the 68-95-99.7 rule to determine that the shaded area is between 1.96 standard deviations below the mean and 1.96 standard deviations above the mean.

Find the mean by averaging the two points on the distribution that are 1.96 standard deviations from the mean.

Find the standard deviation by subtracting the mean from one of the points on the distribution that is 1.96 standard deviations from the mean.

Therefore, the mean of the distribution is approximately 70 and the standard deviation of the distribution is approximately 4.

To learn more about standard deviation here:

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help plz 20 points <33333​

Answers

Answer:

B) 120 degrees

Step-by-step explanation:

it is a regular hexagon. that means all sides and all angles are the same.

Answer: B) 120

Step-by-step explanation: Since it’s a regular hexagon it will have the same side lengths and angles. So if one angle is 120, the rest will be as well.

Thank you so much thank y’all for your help

Answers

Answer:

2(4) + 2(l) >14 (second option is the answer).

Second option!
Hope this is correct!

which one is the right graph

Answers

Answer: C

Step-by-step explanation:

The formula for a volume of a square-based prism is L² x h

If we insert 2 for L

We get 2² x 12 = 48

Same thing if we insert 3

3² x 12 = 108

As L is increasing, the volume is also increasing, so options A and D are out

The growth of the volume is not linear; it's exponential, eliminating B to make C the answer

If you want something visual, you can put y=12x² into a graphing calculator.

show that's ABE = EBC ​

Answers

Answer:

abe = ebc

Step-by-step explanation:

bcos both the seperate angels have the same degree

Since ABD + DBE = DBE + EBC, so ABE = EBC

a marathon runner can jog one mile in 7.5 minutes. how many miles can the runner complete in 3.5 hours

Answers

1 hour = 60 minutes

3.5 hours x 60 = 210 minutes

210 minutes / 7.5 minutes per mile = 28 miles

Answer: 28 miles

How much is the bill for a person who uses 560 kwh in a month?

Answers

Answer:

An electric company calculates a person's monthly bill from the number of kilowatt-hours (kWh), x, used, x 200 The function b(ar) = { 0.102, 0.15(x - 200) +20, 200 determines the bill How much is the bill for a person who uses 800 kWh in a month?

Is the answer option c?

Answers

Answer:

yes

Step-by-step explanation:

f(x) = x^2 -1

Hope it helps!!

In the picture below, which lines are lines of symmetry for the figure?

A. 1 and 3
B. 2 and 4
C. 1, 2, and 3
D. none

Answers

Answer:

None

Step-by-step explanation:

No lines can be folded over to match up with the opposite side

amy bill and cara each played a game . amy’s scored was ten times bill’s scored . cara’s down the ratio of amy’s scored to bill’s scored to cara’s score. give your answer in its simplest form

Answers

Answer:

10:1:5

Step-by-step explanation:

Given that,

A game was played by Amy, Bill, and Cara.

Let Amy's score be x. Then,

Bill's score would be x/10

Cara's score = x/2

Now,

The ratio of their scores;

x: x/10: x/2

= 1 : 1/10 : 1/2

To equalize the scores, multiply all of them by 10

= (1 * 10): (1/10 * 10) : (1/2 * 10)

= 10 : 1 : 5

Thus, the simplest ratio form would be 10:1:5

Answer:

Step-by-step explanation:

10:1:5

What is 9x + 100 = 829

Answers

Answer:

81

Step-by-step explanation:

9x + 100 = 829

9x =829-100

= 729

x = 729/9

x = 81

Answer: x = 81

Step-by-step explanation:

You'd want to isolate x, meaning subtracting 100 on both sides to remove that from the equation. This results in 9x = 729, divide by 9 on both sides to remove that too from the equation and you'd be left with x = 81.

A square has a perimeter of 80 m. What is the length of each side?

Answers

Answer:

20 m

[tex]p = 4a \: thus \: a = p \div 4 = 80 \div 4 = 20 \: m[/tex]

Answer:

20

Step-by-step explanation:

P=4L

80=4L

L=80/4

L=20m

The area CA) of a Paroullelogram is found by using this formula A =BH What is the area when to b is 7cm and h is 3cm?​

Answers

Answer:

21cm2

Step-by-step explanation:

Area (A = BH)

B = 7cm

H = 3cm

Therefore we multiply Base(B) with height (H) to get the area.

Hence;

Area = (7 × 3) cm2

= 21cm2

what is the formula to get combined mean value​

Answers

Answer:

The combined mean can be calculated by plugging in our numbers into the formula given: [(57*82)+(23*63)/(57+23)]=76.5

The amount oRs.4500 for 5 ye is 8550 8550. Find the interest and the rate of interest​

Answers

Answer:

Step-by-step explanation:

We have;

P = 4500

A = 8550

T= 5 years

I= ?

R=?

We know,

A= P+I

or, 8550=4500+I

∴I=8550-4500= 4050

Now, I= PTR/100

Or, 4050= (4500*5*R)/100

Or, 4050=45*5*R

Or, R= 4050/225

∴R= 18%

Dorothy put $470 into a savings account for one year. The rate of interest on the account was 5.5%. Find the interest earned on the amount.

Answers

Answer: $25.85 assuming annual compounding.

Step-by-step explanation:

PV=470

I/Y=5.5

N=1

CPT_FV

I need help please Brainly fam

Answers

Answer:

The third one

Step-by-step explanation:

Just took the quiz


The graph below shows the amount of money a store earns for selling T-shirts.
у
T-shirt Sales
100
80
60
Money Earned
(dollars)
40
20
0
4
24
8 12 16 20
Number of T-shirts Sold
What is the unit rate of the graph?

Answers

Answer:

Whattt pls draw the graph.. And it will show the us the rate

Given a sphere with radius r, the formula 4x1/2 gives
A. the volume
B. the surface area
C. the radius
D. the cross-sectional area

Answers

Answer:

c. the radius

Step-by-step explanation:

To calculate the radius of a sphere:

r = d x ½

where d = diameter

The distance AB rounded to the nearest tenth = [?]

Answers

Answer:

4.5 units

Step-by-step explanation:

Use the distance formula

[tex]\sqrt{(-1-3)^{2}+(-1-1)^{2} }[/tex]

[tex]\sqrt{16+4}=\sqrt{20}[/tex]

The distance AB on the diagram rounded to the nearest tenth is: 4.5 units

Meaning of Distance

Distance can me defined as a measure that tells us how far apart two objects or individual are to each other.

Distance is very important as it helps us know where exactly things are located and whether they are close or  far apart

In conclusion, The distance AB on the diagram rounded to the nearest tenth is: 4.5 units

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(PICTURE) Im really struggling with questions like these at the moment, if you could please help me out thank you

Answers

Answer:

Arthur should select the Mount Joy Pool when there are less than 10 people at the party

Step-by-step explanation:

The initial fee to rent the Woodbridge Pool = $50

The additional fee per person after renting = $5

The initial fee to rent at Mount Joy Pool = 0 (no initial fee)

The fee per person at Mount Joy Pool = $10

The equation of a straight line is y = m·x + c

Ley y  represent the total cost of renting the pool, x, represent the number of persons in the pool, m represent the fee per person and c represent the initial charges, we get;

The total cost of renting Woodbridge Pool, y = 5·x + 50

The total cost of renting the Joy Pool, y = 10·x

Equating both values of y gives;

5·x + 50 = 10·x

∴ 5·x = 50

x = 50/5 = 10

x = 10

From the above equations, the cost of renting the pool is lower for the Joy Pool when there are less than 10 persons at the pool

It will cost the same amount to rent the pool when the number of persons in the pool are 10 persons and the cost of renting the Mount Joy Pool  will be more than the cost of renting the Woodbridge Pool, when there are more than 10 persons

Therefore, Arthur should select the Mount Joy Pool when there are less than 10 people at the party.

For there is always light, if only we’re brave enough to see it.

If only we’re brave enough to be it.

Answers

Answer:

sun is the answer to absolutely

Age of Yusuf is 24 years more than half the age of Ajay. 5 years before sum of their ages was 41. Find their present ages.​

Answers

Answer:

Yusuf is 33 and Ajay is 18

Step-by-step explanation:

Let Y and A stand for the ages of Yusuf and Ajay, respectively.

We are told that:

(1/2)A + 24 = Y [Age of Yusuf is 24 years more than half the age of Ajay]

(A-5)+(Y-5) = 41  [5 years before sum of their ages was 41]

Take the definition of Y in the first equation and use it in the second:

Y = (1/2)A+24 from the first equation

(A-5)+(Y-5) = 41    The second equation

(A-5)+(((1/2)A + 24)-5) = 41  Replace Y with (1/2)A+24

(A-5)+(1/2)A + 24-5 = 41

A-5+(1/2)A + 24-5 = 41

(3/2)A + 14 = 41

(3/2)A = 27

A = (2/3)(27)

A = 18

Ajay is 18 years old

Yusuf is Y=(1/2)(18)+24

Yusuf is 33 years old

====

Check:  Is Yusuf 24 years more than half the age of Ajay?

Ajay = 18, so (1/2)18 = 9.  Add 24 years to get 33.  Yes, this works since Yusuf is 33 years old

Was the sum of their ages = 41 five years ago?

Ajay would have been 13 and Yusuf would have been 28  28+13 = 41  YES

Need help here please and thank u

Answers

Answer:

I think C sorry if wrong

Step-by-step explanation:

i’m pretty sure it’s C

Sin(2x+30°)=1
Tìm x
Cảm ơn vì giúp đỡ

Answers

Answer:

Step-by-step explanation:

This question is asking us to find where sin(2x + 30) has a sin of 1. If you look at the unit circle, 90 degrees has a sin of 1. Mathematically, it will be solved like this (begin by taking the inverse sin of both sides):

[tex]sin^{-1}[sin(2x+30)]=sin^{-1}(1)[/tex]

On the left, the inverse sin "undoes" or cancels the sin, leaving us with

2x + 30 = sin⁻¹(1)

The right side is asking us what angle has a sin of 1, which is 90. Sub that into the right side:

2x + 30 = 90 and

2x = 60 so

x = 30

You're welcome!

calculate the price with VAT of the following case.
MP=Rs.400000
profit=Rs.20000
Discount=10%
VAT=13%

Answers

Answer: $427140

Step-by-step explanation:

Firstly, we'll add MP to the profit and this will be:

= Rs 400000 + Rs 20000

= Rs 420000

Since there is a discount of 10%, this will then be:

= 420000 - (10% × 420000)

= 420000 - 42000

= $378000

With a VAT of 13%, then the final price will be:

= $378000 + (13% × $378000)

= $378000 + (0.13 × $378000)

= $378000 + $49140

= $427140

What is the total surface area (including the area of the floor) of a building shaped as a hemisphere with radius 106 ft ?

Round your answer to the nearest whole number.

Answers

Answer:

105897 ft²

Step-by-step explanation:

let, r be the radius, so r = 106 ft

Surface area of a hemisphere,

2πr²+πr²

= 2π×106²+π×106²

= 105897 (rounded to the nearest whole number)

About how many cells are in the human body?

You can assume that a cell is a sphere with radius 10-3 cm and that the density of a cell is approximately the density of water which is 1g/cm3.

Answers

Answer:

In other words: The human body consists of some 37.2 trillion cells.

Step-by-step explanation:

can somebody explain how they got 37.2 trillion cells.!!!

please helpppp

how do I simplify when there are fractions on fractions

Answers

Answer: y/y+x

Step-by-step explanation: Reduce the fraction at the bottom (1 - x/y) (1 + x/y) = 1 + x/y = simplify and you get y/y+x

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