Cassidy is planning to obtain a loan from her bank for $210,000 for a new home. The bank has approved Cassidy's loan at a fixed annual interest rate of 2.7% compounded monthly for 15 years. Use the formula to determine Cassidy's approximate monthly payment.
P = Fp(t)/1 - (1+t)^-n
Answer choices:
A. Cassidy’s approximate monthly payment will be $5,717.26
B. Cassidy’s approximate monthly payment will be $1,721.15
C. Cassidy’s approximate monthly payment will be $1,474.58
D. Cassidy’s approximate monthly payment will be $1,420.11

Answers

Answer 1

Answer:

$1,420.11

Step-by-step explanation:

I just took the test and got it right

Answer 2

Cassidy's approximate monthly payment is $1420.11 if Cassidy is planning to obtain a loan from her bank for $210,000 for a new home option (D) is correct.

What is a loan amortization schedule?

It is defined as the systematic way of representing of loan payments according to the time in which the principal amount and interest are mentioned in a list manner

It is given that:

Cassidy is planning to obtain a loan from her bank for $210,000 for a new home.

A fixed annual interest rate of 2.7% compounded monthly for 15 years.

The formula is:

[tex]P=\rm \dfrac{Fp(i)}{1-(1+i)^{-1}}[/tex]

Plug all the values in the above formula:

[tex]P=\rm \dfrac{210000(2.7\%/12)}{1-(1+(2.7\%/12))^{-15\times12}}[/tex]

After calculating:

P = $1420.11

Thus, Cassidy's approximate monthly payment is $1420.11 if Cassidy is planning to obtain a loan from her bank for $210,000 for a new home.

Learn more about the amortization schedule here:

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Related Questions

How many 1/2s are in 6?

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12

How many .5 can fit into 6

You must divide 6 by .5 to find the answer

This is 10 questions please answer. 1.Write the ratio as a fraction in the simplest form 15 girls to 6 boys. 2.Write The ratio as a fraction in simplest form 24 players: 3 teams.

3. Write The ratio as a fraction in simplest fraction form 48 worksheets: 12 students.

4. Tell whether the ratios form a proportion 4/7 the 4 is on top of the 7 24/35 the 24 is on top of the 35. 5. Tell whether the ratios form a proportion 11/12 11 top of the 12 33/36 33 on top of the 36. 6. 8/24 8 on top of 24 5/15 5 on top of the 15. 7.3/7 3 is on top of the 7 12/21 12 top of the 21 8. Tell whether the two rates form a proportion 25 cars in 5 days; 60 cars in 12 days.

9.14 books in 2 boxes; 20 books in 3 boxes.

10.On a monday you swim 12 laps in 30 minutes. On tuesday you swim 15 laps in 45 minutes are these rates porportional? Explain.

Answers

Answer and explanation:

1. 15 girls to 6 boys = 15:6

15/6= 5/2

2. 24 players to 3 teams = 24:3

24/3= 8/1=8

3. 48 worksheets to 12 students =48:12

48/12= 4/1

4. 4/7 and 24/35 are not proportional as they do not reduce to same ratio

5. 11/12 and 33/36 are proportional because they reduce to same same ratio(33/36=11/12)

6. 8/24 and 5/15 are proportional beacaue they reduce to same ratio(8/24=5/15=1/3)

7. 3/7 and 12/21 are not proportional because they do not reduce to same ratio(3/7≠12/21)

8. 25 cars in 5 days= 25/5= 5 cars each day. 60 cars in 12 days = 60/12=5 cars each day. Therefore they are proportional.

9. 14 books in 2 boxes= 7 books per box. 20 books in 3 boxes = 20/3= 6.667. Therefore they are not proportional.

10. 12 laps in 30 minutes =12/30=2/5

15 laps in 45 minutes =15/45=1/3. Therefore they are not proportional.

Marco starts getting ready for soccer practice at 3:55 P.M. if it takes him 15 minutes to get ready, what time is he ready to leave? *

Answers

Answer:

4:10 PM

Step-by-step explanation:

15 minutes can be slit into 5 minutes and 10 minutes

There are 60 minutes in an hour!

3:55 + 0:05 = 4:00

4:00 + 0:10 = 4:10

Answer:

4.10am

Step-by-step explanation:

3.55+15=3.70

There are 60 mins in an hour so take away 60 mins from 70 mins which is 10 mins.

Then you add one to 3 because 60 mins makes one hour which will give you 4

=4.10am

Hope it helps you

PLS RATE AS BRAINLIEST ANSWER

Due in 3 minutes Need help ASAP

Will mark you brainlist

Answers

Answer:

I think it's 10 gallons less than Evan

find the height of the cylinder if the volume is 340, and the length is 3

Answers

Answer:

113

Step-by-step explanation:

divide the volume with the length

Identify the range of the function shown in the graph.
A. {-2, 2}
B. -2 < y< 2
C. y> 0
D. yis all real numbers.​

Answers

Given:

The graph of a function.

To find:

The range of the function.

Solution:

Range is the set of y-values or output values.

From the given graph it is clear that,

[tex]f(x)\to -\infty\text{ as }x\to -\infty[/tex]

[tex]f(x)\to \infty\text{ as }x\to \infty[/tex]

And the value function can be any real number. So,

Range = [tex]-\infty<y<\infty[/tex]

Range = [tex](-\infty, \infty)[/tex]

Range = y is all real numbers.​

Therefore, the correct option is D.

Answer:

D. y is all real numbers.​

Step-by-step explanation:

Range is the set of y-values or output values.

From the given graph it is clear that,

And the value function can be any real number. So,

Range =

Range =

Range = y is all real numbers.​

Therefore, the correct option is D.

PLZ HELP!! WILL AWARD BRAINLIEST!!
Graph the following equations.
y = 2x + 1

Answers

Answer:

The one is the y intercept so you would place it at (0,1) and then sense the slope is 2/1 you would either go back one and down two or go up two and over one

Step-by-step explanation:

Arthur has been challenged to donate $50,000. He decides to donate exactly 50% of the money every day until less than $1 remains. Write a function that would represent this situation.

Answers

Answer:(-1/2^x)(50000)

Step-by-step explanation:

write an equation of a line in point slope form that has a slope of 1/4 and passes through the point (-1, -8)

Answers

Point-slope formula: y-y1=m(x-x1)

To fill it in, m is our slope, 1/4. y1 is -8 and x1 is -1.

y+8= 1/4(x+1) This is the formula filled in. If you noticed, the (-) signs that were in the formula changed to (+). This is because (- -) can be changed into (+).

y+8=1/4x+0.25

y=1/4x+8.25

Your answer is y=1/4x+8.25

I hope this was helpful :) please consider giving me brainliest

Help asap plsplspls !!

Answers

Answer:1/4

Step-by-step explanation:

2/8 = 1/4

2/8 over 2 is 1/4

Answer is 1/4 pretty sure

The area of triangle ABC is 4 root 2. Work out the value of x

Answers

Answer:

x ≈ 2.4

Step-by-step explanation:

Area of the triangle = 1/2 absin theta

Find the diagram of the triangle attached

a = 2x-3

b =x+2

theta = 45°

Substitute and find x

4√2 = 1/2(2x-3)(x+2)sin45

8/√2 = (2x-3)(x+2)(1/√2)

8 = (2x-3)(x+2)

Expand

8 = 2x²+4x-3x-6

2x²+x-6-8=0

2x²+x-14 = 0

x = -1±√1²-4(14)(2)/2(2)

x = -1±√1+112/4

x = -1±√113/4

x = -1+10.63/4

x = 9.63/4

x = 2.4

The value of x is 3.075.

Given that,

The area of the triangle is [tex]4\sqrt{2}[/tex] square meter,

and [tex]\theta[/tex] is 45 degrees.

The one side of the triangle is (2x-3) and the other side of the triangle is (x+2).

We have to determine

The value of x.

According to the question

The area of the triangle is determined by the following formula,

[tex]\rm Area \ of \ triangle = \dfrac{1}{2} sin\theta[/tex]

Substitute all the values in the formula

[tex]\rm Area \ of \ triangle = \dfrac{1}{2} absin\theta\\\\4\sqrt{2} = \dfrac{1}{2} (2x-3)(x+2) sin45\\\\2\times4\sqrt{2} = (2x^2+4x-3x-6)\dfrac{1}{\sqrt{2} }\\\\\sqrt{2} \times8\sqrt{2} = (2x^2+x-6)\\\\8\times2 = (2x^2+x-6)\\\\16 = 2x^2+x-6\\\\2x^2+x-6-16=0\\\\2x^2+x-22=0\\\\x = \dfrac{-b\pm\sqrt{b^2-4ac} }{2a}\\\\x = \dfrac{-1\pm\sqrt{(-1)^2-4\times2\times(-22)} }{2\times2}\\\\x = \dfrac{-1\pm \sqrt{177} }{4}\\\\x = \dfrac{-`1\pm13.30 }{4}\\\\[/tex]

[tex]\rm x = \dfrac{-1+13.30}{4} \ and \ x = \dfrac{-1-13.30}{4} \\\\x = \dfrac{12.30}{4} \ and \ x= \dfrac{-14.30}{4}\\\\x = 3.075 \ and \ x = -3.575[/tex]

The value of x can not be negative so the value of x is 3.075.

Hence, The required value of x is 3.075.

For more details refer to the link given below.

https://brainly.com/question/15894203

Hey! Please explain your answer!

Answers

Answer:

The inside of the pentagon and the angle outside the pentagon can add up the the angle of 180 degrees.

Step-by-step explanation:

Answer:

72°

Step-by-step explanation:

Exterior angles of any polygon sum to 360°

We have:

5b = 360°b = 360°/5b = 72°

Use the Pythagorean Theorem to find the length of the leg in the triangle shown below. 3, 5

Answers

square both numbers and equal them to c squared and then add up the numbers and find the square root. it would be 5.8

Step-by-step explanation:

use the pythagorean theorem to find the length of the leg in the triangle below

Chris paid $3,069 for 3 iphones. Each iphone costs the same amount. How much did each iphone cost? Solve this problem using a strategy of your choice.

Answers

Answer 1029

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Kiara tosses four different coins. What is the probability that the coins land with two head and two tails showing?


Group of answer choices


4/8


0


6/8


6/16

Answers

Answer:
4/8



Good luck

87,900

3. Salome is 2 feet 5 inches tall. How many inches tall is Salome? *

5 points

31

29

24

There are 13 students in one line and 21 students in the other line. If the 5 points

Salome is 2 feet 5 inches tall. How many inches tall is Salome?

Answers

Answer:

Salome is 29 inches tall.

Step-by-step explanation:

Each feet has 12 inches.

Salome:

Salome is 2 feet 5 inches tall.

Since each has 12 inches, 2 feet = 2*12 = 24 inches

24 + 5 = 29 inches.

So Salome is 29 inches tall.

PLSSS HELP NOW I WILL GIVE BRAINLIEST WHO EVER ANSWERS THIS QUESTION

Answers

I dont have my calculator with me but first find the square root of 6 and it will give u a decimal number and then just plot it

Answer:

√6: 2.44

Step-by-step explanation:

first one since it's closer to the square root of 6

Literally have been at this for 20 minutes PLEASE HELP!!!!

Answers

Step-by-step explanation:

first: if we add 3x+7 and 4x+5, it will total a 180 degree angle. This will allow us to solve for x.

3x+7+4x+5=180

7x+12=180

7x=180-12

7x=168

x=24

now we can also see that angle 6 is the same as the angle 3x+7.  and Since we know x=24, we can solve for those angles.

3(24)+7:

72+7=79

So :

<6 =79°

Help please______________________________

Answers

Answer:

By rounding each number to the nearst whole number, estimate the solution:

2.7²X4.3=31.347

8.8-5.15=3.65

for this 31 and 4 if you want to round

Step-by-step explanation:

Answer:

?????????

Step-by-step explanation:

Solve for X. what are the measures of the two smaller angles? show your work

will mark brainiest for work​

Answers

Answer:

x=10

Step-by-step explanation:

right angle is always 90

we can add 4+6=10

90-10=80

3*x+5*x=8*x

8*x=80

divide both sides by eight

x=10

Graph? Which is linear

Answers

Answer:

Below

Step-by-step explanation:

1. Linear because it is of the form y = mx + b. The variable x  is of the first degree.

The coefficient of x (1/3)  ( = slope) is positive so it is increasing.

2. This is non-linear because the variable x is an exponent.

3. Because  its of the second degree (x^2) - it is non-linear.

What is the value of the square root of 2 to the third decimal place?

Answers

Answer:

1.414

Step-by-step explanation:

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Answer:

see photos

Step-by-step explanation:

Plato/Edmentum

In how many different ways can you answer a multiple cholce test that has 5 questions and 3 choices for each answer?
a) 243
b) 125
c) 15

Answers

Answer:

243

Step-by-step explanation:

3*3*3*3*3

A 270 inch board is cut into two pieces one piece is 4 times the length of the other, find the length of the shorter piece

Answers

Answer:

54 inches

Step-by-step explanation:

let 4x = the bigger piece

let x = the smaller one

4x + x = 270

5x = 270

x = 54

Answer:

54 inches

Step-by-step explanation:

x + 4x = 270

5x = 270

x = 54 (shorter piece)

4x = 216 (longer piece)

Need help solving!!!!​

Answers

It is 3 cause they are all the same leatheth so 3

Answer:

no its 2

Step-by-step explanation:

because 21+3=7. and 14+7=2. so it's 2

The profileration of the internet has given rise to a new method of advertising, called spamming, that essentially is a more cost-effective method of the telephone solicitations method known as cold calling. If a company buys three mailing list with 2,500, 3,500, and 4,000 email addresses respectively and spam them with promotional material, how many potential customers has it reached?

A. 5,000
B. 10,000
C. 15,000
D. 20,000

Answers

Answer:

10,000

Step-by-step explanation:

2500 + 3500 + 4500 = 10,000

Solve the equation

-3x - 5 =16

What does x =??

Answers

Answer:

x=-7

Step-by-step explanation:

[tex]x = 21 \div - 3 \\ x = - 7[/tex]

Answer: -7

Step-by-step explanation:

Move all terms that don't contain

x

x

to the right side and solve

Two hundred people responded to a survey. Of those who had green eyes, 7 had blonde hair, 9 had brown hair, and 2 had red hair. Construct a two-day table to display these data. Then identify the least common combination of eye and hair color. Explain.

Answers

Answer:

18

Step-by-step explanation:

f(x) = 5x – 10 and g(x) = x – 16. Which of the following represents h(x) = f(x) + g(x)? h(x) = 6x – 16 h(x) = 6x – 26 h(x) = x – 26 h(x) = x – 16

Answers

Answer:

h(x)=6x-26

Step-by-step explanation:

f(x)=5x-10

g(x)=x-16

h(x)=f(x)+g(x)=(5x-10)+(x-16) = 6x-26

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