Step 1: Choose the price of the house. Then calculate 20% (which will be your down payment). Write down the price and 20% of the price.


Step 2: You don't have 20% now, so you will use an annuity to save up until you have the 20%. Choose a time in the future (2 years, 3 years, 4 years, 5, 10?) that you will purchase this house. Choose an APR that the bank will give you. Calculate how much you need to deposit every month in order to have the 20% down payment down the road. Write down the numbers of years, the interest rate, the formula with all the numbers plugged in, and the monthly deposits you will need to make.


Step 3: Now you take out a mortgage on the remaining 80%. Choose an APR that the bank will charge you (to be realistic, more than the APR in step 2) and the time you will take to pay off the loan. Write down the formula with all the numbers plugged in, and write down the minimum monthly payments.


Please show me proper work and a step by step explanation on how you got your answers. Anyone who attempts to answer just to steal points will be reported. Btw this is due midnight tonight so I could really use some help with this

Answers

Answer 1

9514 1404 393

Answer:

$250,000 house price. $50,000 down payment2 years, 3% from the bank, monthly: $2024.065% APR, 30 years, monthly: 1073.64

Step-by-step explanation:

1. House prices vary considerably. In January, 2021, the median US house price was about $269,000, growing at the rate of about 3.2% per year. For the purpose of this problem, we have chosen a slightly lower price of ...

   $250,000 . . . selected house price

20% of this price is ...

  0.20 × $250,000 = $50,000 . . . amount of down payment

__

2. House prices are growing faster than the interest rate we can get at the bank, so we want to minimize the amount of time we save for a down payment. At the same time, we recognize that saving this amount quickly will put a significant strain on the budget. We choose a period of 2 years, and assume a bank rate on savings of 3%. (US rates in mid-2021 average about 0.04%.) This annuity formula gives the future value of a series of payments:

  A = P((1+r/12)^(12t)-1)(12/r) . . . . monthly payment P at annual rate r for t years

Solving for P, we have ...

  P = A(r/12)/((1 +r/12)^(12t) -1)

Filling in the chosen numbers, we find we need to save ...

  P = $50,000(0.03/12)/(1 +0.03/12)^(12·2) -1) = $50,000(0.0025)/0.06175704

  P = $2024.06

$2024.06 needs to be deposited every month for 2 years at 3%.

__

3. The mortgage will be for ...

  $250,000 -50,000 = $200,000

We assume we can get an APR of 5% on a 30-year loan. (US rates in mid-2021 are around 3.2%.) The formula for the payment amount is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . principal P at rate r for t years

Filling in the chosen numbers, we find the monthly payment to be ...

  A = $200,000(0.05/12)/(1 -(1 +0.05/12)^(-12·30))

  = $200,000(0.0041666667)/0.77617340 = $1073.64

The monthly mortgage payment will be $1073.64.


Related Questions

A line contains the piont (4,5) and is perpendicular to a line with a slope of -2/3. Write an equarion of the line satisfying the given conditions. Write the answer in slope-intercept form

Answers

Answer:

[tex]y=\frac{3}{2}x-3.5[/tex] or, preferably, [tex]y=\frac{3}{2}x-\frac{7}{2}[/tex]

Step-by-step explanation:

First is to find the perpendicular slope. In this case, you swap the numerator and denominator and then multiply that fraction by -1.

In this case, -2/3's inverse slope is 3/2.

Now, the initial y=3/2 passes through 7.5,5

So, you must subtract 3.5 from that to make it pass through 4,5.

In this way, you get the answer in slope-intercept form.

Answer:

y = [tex]\frac{3}{2}[/tex] x - 1

Step-by-step explanation:

Given a line with slope m then the slope of a line perpendicular to it is

[tex]m_{perpendicular}[/tex] = - [tex]\frac{1}{m}[/tex] = - [tex]\frac{1}{-\frac{2}{3} }[/tex] = [tex]\frac{3}{2}[/tex] , then

y = [tex]\frac{3}{2}[/tex] + c ← partial equation in slope- intercept form

To find c substitute (4, 5) into the partial equation

5 = 6 + c ⇒ c = 5 - 6 = - 1

y = [tex]\frac{3}{2}[/tex] x - 1 ← equation of line

PLEASE HELP NOW

Solve the equation for y. Identify the slope and y-intercept then graph the equation.

2y-3x=10

Y=
M=
B=

Please Include a picture of the graph and show your work if you can

Answers

Answer:

Step-by-step explanation:

Solve for y:

[tex]2y-3x=10\\2y=3x+10\\y=\frac{3}{2} x+5[/tex]

Therefore:

y = 3/2x + 5

m = 3/2

b = 5

Graph below courtesy of Desmos.

100 x 20 + 30 help me

Answers

[tex]\boxed{\underline{\bf \: Answer}}[/tex]

[tex] \sf100 \times 20 + 30[/tex]

First multiply 100 & 20 together.

[tex] \sf= 2000 + 30[/tex]

Now add 2000 & 30. You'll get :-

[tex]= \boxed{ \bf 2030}[/tex]

____

Hope it helps.

RainbowSalt2222

[tex]\\ \rm\longmapsto 100\times 20+30[/tex]

[tex]\\ \rm\longmapsto (100\times 20)+30[/tex]

Solve bracket

[tex]\\ \rm\longmapsto 2000+30[/tex]

[tex]\\ \rm\longmapsto 2030[/tex]

I need help on this math problem.

Find the area of the region.

Three petals of r = cos(9θ)

Answers

(not sure if this is right but)
x (to the 2nd power) + y (to the 2nd power) = cos (90) (to the 2nd power)

Express 5 cm in metre and kilometre.in decimals........................ ncert maths class 7 pls
will be marked as brainliest trust me ​

Answers

Answer:

Converting into metre (1m=100cm)= 5/100=0.05m.. Converting into km. (1km=100000cm). so 5 cm=5/100000=0.00005km.

Answer:

5cm in meters = 0.05 metre

5cm in kilometres = 0.00005km

which of the following is equal to the square root of 27/16

Answers

Answer:

Step-by-step explanation:

Prime factorize 27 and 16

27 = 3 * 3 * 3

16 = 2 * 2 * 2 * 2

[tex]\frac{\sqrt{27}}{\sqrt{16}}=\frac{\sqrt{3*3*3}}{\sqrt{2*2*2*2}}[/tex]

     

     [tex]= \frac{3\sqrt{3}}{2*2}\\\\\\=\frac{3\sqrt{3}}{4}[/tex]

Answer: (3√3)/4

Explanation:

√(27/16)

=(3√3)/4

Because 27 = 3²×3

And 16 = 4²

So 4 is left and one 3 goes out and one stays in

Please click thanks and mark brainliest if you like

A computer is priced at $2,000. If the sales tax rate is 7.5%, find the total cost of the
computer


please help:((

Answers

Answer:

it would just be 2000 * 1.075

Step-by-step explanation:

2150

Price = $2000

Sales tax

= 7.5% of Price

= 7.5% of $2000

= (7.5/100) × $2000

= 0.075 × $2000

= $150

Total price

= Price + Sales tax

= $2000 + $150

= $2150

NO LINKS OR ANSWERING QUESTIONS YOU DON'T KNOW!!

12. The coordinate grid below represents a town.

a. Curtis's house is at (-4, -6) and Jean's house is at (-4, 3). Plot the plots where Curtis's house and Jean's house are located.

b. Each unit on the grid represents 1 mile. If Curtis can ride his bike at a constant rate of 12 miles per hour, how long would it take Curtis to ride from his house to Jean's house?

THIS IS NOT MULTIPLE CHOICE!!!

Answers

We are given:

Coordinates of Curtis's house: (-4, -6)

Coordinates of Jean's house: (-4, 3)

a) Plotting these points:

in the given coordinates, the first number is called the abscissa and denotes the x-coordinate of the point.

the second number is the ordinate. it denotes the y-coordinate of the point

Plotting Curtis's house:

We will start from the origin (0,0). move 4 units to the left because that's where x = -4 is.

Then, we will move 6 units downwards and mark the point.

The point we just marked is (-4, -6), Curtis's house

Plotting Jean's house:

We will go to x = -4 like we just did when plotting curtis's house

then, we will move 3 units upwards and mark the point.

This point is (-4, 3), Jean's house

b) Time taken by Curtis:

Distance between the points:

distance = [tex]\sqrt{(x_2 - x_1)^2 + (y_2 - y_1)^2}[/tex]      (distance formula/Pythagoras' Theorem)

where (x₁, y₁) = (-4, -6)    and    (x₂, y₂) = (-4, 3)

replacing the values in the formula, we get:

distance = [tex]\sqrt{(-4 - (-4))^2 + (3 - (-6))^2}[/tex]

distance = [tex]\sqrt{(0)^2 + (9)^2}[/tex]

distance = [tex]\sqrt{(9)^2}[/tex] = 9 units

since each unit on the grid represents one mile,

distance = 9 miles

speed of Curtis = 12 miles/hour

we know that speed is just (distance covered)/(time taken)

speed = (distance covered)/(time taken)

replacing known values

12 = 9 / time

12 * time = 9                [multiplying both sides by time]

time = 9/12                  [dividing both sides by 12]

time = 3/4 hours

time = 0.75 hours OR 45 minutes

9514 1404 393

Answer:

  a) see attached

  b) 3/4 hour (45 minutes)

Step-by-step explanation:

a) The attached graph shows the points plotted.

__

b) The points lie on the same vertical line. The distance between them is the difference of their y-coordinates: 3 -(-6) = 9 (miles).

The time is related to distance and speed by ...

  time = distance/speed

  time = (9 mi)/(12 mi/h) = 9/12 h = 3/4 h

It would take Curtis 3/4 hour to ride from his house to Jean's house.

A survey of 1,500 Canadians reveals that 945 believe that there is too much violence on television. In a survey of 1,500 Americans, 810 believe that there is too much television violence.

a. What would be the most appropriate test here to test the claim that Americans are less sensitive to violence on TV as Canadians?
b. My parameter of interest here would be: __________
c. The direction of test would be {Let Canadians be group 1 and Americans be group 2): __________

Answers

a. An appropriate test would probably be to test the reaction of Canadians and Americans when shown the same thing with the same amount of violence.

Not really sure about the others though… This isn’t really a math question ;)

The test statistic is given by t and t is calculated with the help of the test statistic formula. The value of t is 4.45.

What is test statistics?

The test statistic summarizes the observation data into a unique number using central tendency, the variation, sample, and size in your statistical model.

here, we have,

The given information will be shown below.

The first sample size n₁ = 36

The second sample size n₂ = 34

The mean of the first sample x₁ = 68.5

The mean of second sample x₂ = 70

Then the test statistic will be given as:

t = -4.45

The test statistic | t | = |–4.45| = 4.45

More about the test statistic link is given below.

brainly.com/question/15236063

#SPJ2

complete question:

g A test was conducted to determine if there is a difference between Canadian and American average heart rates. A group of 36 Canadians and 34 Americans were randomly selected and their heart rates measured in beats per minute (bpm). The mean heart rate for Canadians was 68.5 and 70 for Americans. The pooled standard deviation of 2.0 beats/minute was calculated. Estimate a plausible range of differences between the mean heart rate of Canadians and Americans. What statistical procedure should be used to answer this research question

A car dealer's markup on every car they sell is 20%. For what price did the dealership buy a car that they sold for $18,600?

Answers

Answer:

buying price = $15,500

Step-by-step explanation:

selling price 20% more than the buying price

let the buying price be 100% then;

selling price = 120%

120% = $18,600

100% = ?

(100 × 18600) ÷ 120

= $15,500

Solve for x: 10/3 = x/(−5/2)

Answers

9514 1404 393

Answer:

  x = -25/3

Step-by-step explanation:

Multiply by the inverse of the coefficient of x. Reduce the fraction.

  (-5/2)(10/3) = (-5/2)(x/(-5/2))

  -50/6 = x = -25/3

Answer:

-25/3

Step-by-step explanation:

the other person is also correct. khan said so

If per unit variable cost of a product is Rs.8 and fixed cost is Rs 5000 and it is sold for Rs 15 per unit, profit in 1000 units is.......
a.. rs 7000
b. rs 2000
c. rs 25000
d. rs 0​

Answers

Answer:

a.. rs 7000

Because 15×1000=15000 it is SP when selling 1000units in the rate of Rs 15/unit& 8×1000=8000 this is cp when buying 1000 units in the rate of Rs 8/unit.

So,by formula of profit,

Rs (15000-8000)=Rs7000

18/13 as a decimals ?

Answers

Answer:

1.3846

Step-by-step explanation:

Susan's haircut was $18 if she gave a 20% tip what will her total cost be

Answers

Answer:

21.60

Step-by-step explanation:

First find the tip

18 * 20%

18 *.2

3.60

Then add it to the cost of the haircut

18 + 3.60

21.60

Please help! Need the answers to be able to move on.

1.) 26 times 26^8
2.) (-5)^5/(-5)^-6
3.) 8^15 divided by 8^-3
4.) Which expressions are equivalent to 1? Select all that apply.
~-(5/8)^0
~-(-3141)^0
~1291^0
~0^1
~(1/3)^0
~(-0.0008)^0

Answers

Answer:

see below

Step-by-step explanation:

1.) 26 times 26^8 = 26^1 * 26^8 = 26^(1+8) = 26^9

2.) (-5)^5/(-5)^-6 = (-5)^(5 - -6) = (-5)^(5+6) = (-5)^11

3.) 8^15 divided by 8^-3 = 8^(15 - -3) = 8^(15+3) = 8^18

4.) Which expressions are equivalent to 1? Select all that apply.

~-(5/8)^0   - (1)  no

~-(-3141)^0  - (1) no

~1291^0  1  yes

~0^1  yes

~(1/3)^0  yes

~(-0.0008)^0  yes

Answer as soon as you can. a. 162 comes just after b. What comes just before 182. lies in between 99 and 101. c.​

Answers

Answer:

a. 161

b. 181

c. 100

Step-by-step explanation:

a. 162 comes just after 161 (160, 161, 162, 163...)

b. 181 comes just before 182 (180, 181, 182, 183...)

c. 100 is between 99 and 101 (98, 99, 100, 101, 102...)

Show Work! A warehouse worker shipped 289 boxes of notebooks. Each box contained 36 notebooks. What was the total number of notebooks shipped?

(A) 2, 601
(B) 9, 404
(C) 10, 404
(D) 10, 413

Answers

The answer is c

289 x 36

Answer:

(c) 10, 404.

Step-by-step explanation:

Step 1.

To multiply 289 by 36, set them up as shown by arranging the two numbers in columns. We usually put the number with the smaller number of digits at the bottom.

Step 2.

Firstly, work out 6 × 289. The smaller figures in green are the tens figures carried over. Working from right to left:

6 × 9 = 54

Put the 4 in the appropriate column and carry the 5.

6 × 8 + 5(carried) = 53

Put the 3 in the appropriate column and carry the 5.

6 × 2 + 5(carried) = 17

Put the 7 in the appropriate column and carry the 1.

Step 3.

Lastly, work out 30 × 289.

This can be written as 3 × 289 × 10.

Because we are multiplying by 10, we place 1 zero to the right and then work out 3 × 289.

3 × 9 = 27

Put the 7 in the appropriate column and carry the 2.

3 × 8 + 2(carried) = 26

Put the 6 in the appropriate column and carry the 2.

3 × 2 + 2(carried) = 8

Step 4. Finally, the 2 rows are added together starting at the right. The smaller figures in green are the tens figures carried over.

0 + 4 = 4

7 + 3 = 10

Put the 0 in the appropriate column and carry the 1.

6 + 7 + 1(carried) = 14

Put the 4 in the appropriate column and carry the 1.

8 + 1 + 1(carried) = 10

Put the 0 in the appropriate column and carry the 1.

1 (carried) = 1

So: 289 × 36 = 10404

Mathematics done on paper should look something like this; ( Did the best I can on PC)

2 8 9

................. 3....6....×

1 7 3 4

 1 5 5  

8 6 7 0

.......  2......2.........  

1 0 4 0 4

1 1 1    

Hope this helped!

A rectangle has a length of 38 meters less than 8 times its width. If the area of the rectangle is 4050 square meters, find the length of the rectangle.

Answers

Let

width be x Length=8x-38Area=4050m^2

We know

[tex]\boxed{\sf Area =Length\times Width}[/tex]

[tex]\\ \sf\longmapsto x(8x-38)=4050[/tex]

[tex]\\ \sf\longmapsto 8x^2-38x=4050[/tex]

[tex]\\ \sf\longmapsto 8x^2-38x-4050=0[/tex]

By solving

[tex]\\ \sf\longmapsto x=\dfrac{81}{4}\:or\:x=25[/tex]

Take x as 25

[tex]\\ \sf\longmapsto Length=8x-38=8(25)-38=200-38=162m[/tex]

PLEASE HELP!! WHOEVER HELPS FIRST AND GETS IT CORRECT GETS BRAILIEST!! By the way, TWO people need to answer so I can mark brainliest.

Answers

Answer:

0.045

Step-by-step explanation:

(0,4x0,5x0,3)-(0,2x0,5x0,15)

D FEEDBACK
Content attribution
Question
A designer has a palette of 14 colors to create a flag. The flag must have 4 vertical stripes. Each stripe must be a different
color: How many possible flags can be created?
Provide your answer below:

Answers

Find a combination calculator, but in 14 and 4, choose combinations (not permutations) and you will see the number

Answer: 24,024

Step-by-step explanation

[tex]\frac{14!}{10!}[/tex]

=14*13*12*11*10 /10

=14*13*12*11

=24,024 possible flags that can be created

Which equation is in standard form?
a. X +3= -5y
b. 5-y=x
c. y =3x + 6
d. -8x+ 3y = 12

Answers

选项 (d)

option (d)

!!!!!!!!!

Which of these graphs represents the inequality x > 5?

Answers

Answer:

A is correct.

x>5 means all numbers greater than BUT not equal to 5.

The open circle means "not equal".

So,  A is correct.

Hope this helps!

Answer:

Graph A.

Step-by-step explanation:

Answer: x > 5 means all x values greater than 5

thus, the graph that best shows that x is greater than 5 is graph A.

Explanation: because x isn't being itself I mean by x isn't just 5 but greater than 5 (graph a)

graph b shows x being less than 5 which is wrong

graph c shows x being greater than 5 but being equal to 5 because of the bold circle

graph d shows everything wrong about x. first it's not suppose to be less than and second x isn't equal to 5

therefore the answer graph A.

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

doomdabomb: all brainliest and thanks are appreciated

and would mean a lot to me, thanks!

(PLEASE HELP AGAIN SORRY)

Find x.

A) 11.53
B) 12.12
C) 16.45
D) 15.92

Answers

Answer:

x = 15.92

Step-by-step explanation:

Since this is a right triangle, we can use trig functions

tan theta = opp / adj

tan 53 = x / 12

12 tan 53 = x

x=15.92453

Rounding to the nearest hundredth

x = 15.92

Answer:

15.92

Step-by-step explanation:

I need help with this please if anyone know I will appreciate it

Answers

Answer:

290.44

Step-by-step explanation:

The whole figure area can be calculated by assuming that the whole floor is a complete square of 18.2 x 18.2 and subtracting the area of the rectangular cutout which is 10.2 x 4

Area of the the flooring=18.2 x 18.2 - (10.2*4)=290.44

Will give brainliest answer

Answers

Answer:

1/18

Step-by-step explanation:

In a year, the tiger population decays by a factor of (2/3). As there are 12 months in a year, the tiger population will decay by a factor of 1/18 every month

find the value and express it in standard form : 5×10^8×2×10^11​ please answer​

Answers

5×10⁸×2×10¹¹=5×1,00,000,000×2×1,00,000,000,000=5,00,000,000×2,00,000,000,000=100,000,000,000,000,000,000=1E20

please mark this answer as brainlist

Which expression is equivalent to sqrt of (6x^5 z)^3/ 4x^4 z^2

Answers

Answer:

[tex]\frac{(6x^{5}z) ^{3} }{4x^{4} {z}^{2} } = \frac{216 {x}^{15}z^{3} }{4 {x}^{4} {z}^{2} } = \frac{4x ^{4} {z}^{2} (54x ^{11}z) }{4 {x}^{4} {z}^{2} } = 54 {x}^{11} z[/tex]

I hope I helped you^_^

Bob travels from Inglewood to anytown; a distance of 20 km.
He walks 800 meters and cycles the rest of the way.
What percentage of the journey does he travel by bicycle?

Answers

Answer:

Total Distance = 20km = 20 × 1000 = 20,000 m

Distance walked = 800m

Distance travelled by cycle = 20,000 - 800 = 19,200m

Percentage of journey by cycle = (distance travelled by cycle ÷ total distance) × 100

Percentage of journey by cycle = (19200 / 20000) * 100

Percentage of journey by cycle = 96%

Complete the equation describing how
x and y are related.
X
-2
-1
D
у
12
8
0
-8
E 12
y = [? ]x
Enter the answer that belongs in [?]

Answers

Answer:

y= -(4x)

Step-by-step explanation:

6 more than the product of a number x and 5 is 21

Answers

Answer:

x = 3

Step-by-step explanation:

6 + 5x = 21

5x = 15

x = 3

I hope this helps

:)

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