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

when a certain number is added to 11 and the result is multiplied by 3, the final result is 45 . find the number​

Answers

Answer:

4

Step-by-step explanation:

Let the number = x

Added to 11 = 11+x

Multiply result by 3 = 3(11+x)

Final result = 45

Solving

3(11 + x) =45

33 +3x = 45

3x= 45-33

3x=12

X=4 by dividing both side by 3

Ryan loves collecting keychains from his family vacations. He currently has 15 keychains in his collection and wants to add 5 keychains each year. How many keychains will be in his collection in 18 years?

Answers

Here you go, hope it helps

7x+2y=19
7x+8y=13
Please solve it by Simultaneous method

Answers

Answer:

y=-1

x=3

Step-by-step explanation:

7x+2y=19-----(1)

7x+8y=13------(2)

(1)-(2)

(7x+2y)-(7x+8y)=19-13

7x+2y-7x-8y=6

+2y-8y=6

-6y=6

y=-1

by substitute in (1)

7x+2*(-1)=19

7x-2=19

7x=19+2

7x=21

x=21/3

x=3

the width of a rectangle is twice as long as the length. if the length is increased by 50% and the width is decreased by 20%, the perimeter becomes 248. find the width and length of the original rectangle.

Answers

Answer:

Width: 160

Length: 80

Step-by-step explanation:

Width = 2x and length = x

X + 0.5x + 2x - 0.4x = 248

3.1x = 248

X = 248/3.1

X = 80

Width = (2)(80) and length = 80

What would it be tho 300 doesn’t show up in my options my options are
1/49 -1/49 -49 and 49

Answers

1/49 would be the answer

Which type of transformation is this?

Answers

Reflection across the x-axis

The type of transformation in this situation is refelction on the x-axis.

It cannot possibly be translated or rotated around the origin.

Hope this helps!

Have a wonderful day!

Jay has a jar of beads. 6 purple beard, 8 blue beads, and 4 yellow beads. If he removes one bead at random, what is the probability that it will not be yellow?

Answers

You get a pie chart to do percentages just so you dont cheat you still can do work y'know

mean marks of 100 students was 40.. It was discovered that 53 was misread as 83. Find the actual mean.​

Answers

Problem:-

mean marks of 100 students was 40.. It was discovered that 53 was misread as 83. Find the actual mean.

Solution:-

Total mean score = 40

[tex]mean \: = \frac{sum \: of \: observation}{number \: of \: observations} [/tex]

sum of observations

= mean × no of observations

= 40×100

= 4000

After the replacement, sum of new observation will be

=4000-83+53

= 3970

mean of new the observation will be

[tex] = \frac{3970}{100} [/tex]

[tex] = 39.7[/tex]

[Hence, the actual mean is 39.7]

please please help! I'm just bad at trig..

don't bother to scam, because you won't earn points anyway. You'll be rewarded if you help!

Answers

Answer:

P=61°

Step-by-step explanation:

P²=C²+ U²–2 C U cos P

189²= 215²+123²– 2×215×123×cos p

P= 61°

I hope I helped you^_^

find the slope that passes through the points : (-2, 5) & (-7,8)

Answers

Answer:

-3/5

Step-by-step explanation:

We can find the slope using the slope formula

m= ( y2-y1)/(x2-x1)

    = ( 8-5)/(-7 - -2)

    = (8-5)/(-7+2)

   = 3/-5

  - 3/5

Find the length of x

Answers

Answer:

20

Step-by-step explanation:

Since the triangles are similar then the sides must be proportional

10/6 = x/12 cross multiply expressions

6x = 120 divide both sides by 6

x = 20

Solve the equation for x and y​

Answers

Answer:

Step-by-step explanation:

15x + 6y = 0

4x - 6y = -38

19x = -38

x = -2

2(-2) - 3y = -19

-4 - 3y = -19

-3y = -15

y = 5

(-2, 5)

By visual inspection, determine the best-fitting model of the three types of regression for the data plot below.
A. Quadratic
B. Exponential
C. Linear
D. None of the above​

Answers

Answer:

B. exponential

Step-by-step explanation:

The graph is clearly decreasing exponentially, shown by the downward curve. Therefore, the answer should be B.

The system of linear equations x – y + 2 = 0 and 2x + y -14 = 0​

Answers

Answer:

(4, 6 )

Step-by-step explanation:

Given the equations

x - y + 2 = 0 ( subtract - y + 2 from both sides )

x = y - 2 → (1)

2x + y - 14 = 0 → (2)

Substitute x = y - 2 into (2)

2(y - 2) + y - 14 = 0 ← distribute and simplify left side

2y - 4 + y - 14 = 0

3y - 18 = 0 ( add 18 to both sides )

3y = 18 ( divide both sides by 3 )

y = 6

Substitute y = 6 into (1) for corresponding value of x

x = 6 - 2 = 4

solution is (4, 6 )

P-LS HELP ME ON THIS QUESTION I WILL MARK YOU AS BRAINLIEST IF YOU KNOW THE ANSWER!!
The difference between the largest and smallest value in a data set is the _____________.
A. interquartile range
B. range
C. median
D. mode

Answers

Answer:

range

Step-by-step explanation:

The difference between the largest and smallest value in a data set is the range

Answer:

Range

Step-by-step explanation:

I hope this will help you buddy

Put the numbers into the boxes to represent the sum of the rational expression
given below.

Answers

Answer:

[tex]\frac{4x+9}{2x+5}[/tex]

Step-by-step explanation:

Cross multiply.Add like terms.Simplify.

Carrie is asked to draw a triangle with the following specification
• at least two angles measuring 60°
Which of the following statements about this triangle is true?
A. One and only one triangle exists with the given condition, and it must be an equilateral triangle
В.
More than one triangle exists with the given condition, and all instances must be equilateral triangles
C
One and only one triangle exists with the given condition, and it must be an isosceles triangle
D
More than one triangle exists with the given condition, and all instances must be isosceles triangles





Answers

Answer:

just put in the cheat codes of life its not that hard

Answer:

answers is B

(Study island)

Step-by-step explanation:

If x=2 and y=1, what is the value of the expression 3(y - 1) + 2x² ? a. 8 b. 10 c. 16 d. 18

Answers

Answer:

8

Step-by-step explanation:

3(y - 1) + 2x²

Let x =2 and y =1

3(1-1)+2 (2)^2

3(0) +2(4)

0+8

I NEEDDD HELPPP ITSSSSSS URGENTTTTT!!!

Answers

Answer:

100 degrees

Step-by-step explanation:

measure of FHD = 65 + 35

measure of FHD = 100

Basically count/add up the total amount of degrees that are include in the angle <FHD.

-- (central angles)

So, 35 + 65 = 100 degrees

4 glue sticks cost $7.76.
Which equation would help determine the cost of 13 glue sticks?

Answers

Answer:

price = 7.76/4 * 13

Step-by-step explanation:

Divide $7.76 by 4 to find the price of one glue stick.

Then multiply that by 13.

price = 7.76/4 * 13

need help asap today by 5

Answers

Answer:

I put a photo of the answers.

Step-by-step explanation:

For the problems, I turned the whole under into a fraction, flipped the second fraction and multiplied.

For the transition matrix P = [0.8 2 0.2 2, 0.3 0.7]​, solve the equation SP = S to find the stationary matrix S and the limiting matrix Upper P overbar.

Answers

Answer:

Stationary matrix S = [ 0.6   0.4 ]

limiting matrix  P = [tex]\left[\begin{array}{ccc}0.6&0.4\\0.6&0.4\\\end{array}\right][/tex]

Step-by-step explanation:

Transition matrix

[tex]p = \left[\begin{array}{ccc}0.8&0.2\\0.3&0.7\\\end{array}\right][/tex]

solving the equation SP = S ( using Markova chain with 2 states )

stationary matrix,  S = [ a , 1 - a ]

given that  SP  = S

[ a , 1 - a ] * [tex]\left[\begin{array}{ccc}0.8&0.2\\0.3&0.7\\\end{array}\right][/tex] =  [ a , 1 - a ]

= a*(0.8) + ( 1 - a ) ( 0.3 ) = a

∴ a = 0.6

hence;  stationary matrix S = [ 0.6   0.4 ]

             limiting matrix  P = [tex]\left[\begin{array}{ccc}0.6&0.4\\0.6&0.4\\\end{array}\right][/tex]

Use the figure to find the radius.

Answers

The answer is 4 (four)

I need help can someone help me out

Answers

Answer:

C' (-1,-2)

V' (-2,2)

N' (2,0)

Answered by GAUTHMATH

To find the length of segment AB, when given coordinates A (2.3) and B(1,9) it's best to use the Distance Formula.

O True
O False

Answers

True. Distance formula will give you the length between any two points.

SAT/ACT What is the solution of 1,200 – 5(3x + 30) = 600? A 30 B 50 C 150 D 200 E 250​

Answers

The answer you are looking for is letter A, x=30.

Solution/Explanation:

First, write out the equation,

1200-5(3x+30)=600

Next, using the Distributive Property,

1200-15x-150=600

Simplify the left side of the equation just a little bit more,

1050-15x=600

Reverse order of terms on the left side, to make it a little bit easier to solve,

-15x+1050=600

Now, subtract 1050 from both sides,

-15x+1050-1050=600-1050

Now, simplify this part of the equation,

-15x=-450

Finally, divide both sides by -15,

So, therefore, the final answer is x=30.

I hope this helped you. Enjoy your day, and take care!

Simplify x + 6.2 + 8.5.

6.2x + 8.5
x + 14.7
14.7x

Answers

Answer:

x + 14.7

Step-by-step explanation:

x + 6.2 + 8.5.

Combine like terms

x + 14.7

10x + 147
________ Or x + 14.7
10

WILL GIVE BRAINLIEST AND 30 POINTS!
Admission to a baseball game is $5.00 for general admission and $7.00 for reserved seats. The receipts were $6192.00 for 1136 paid admissions. How many of each ticket were sold? (Round to nearest integer if necessary.)
_ general admissions tickets sold
_ reserved seating tickets sold

Answers

Answer:

General admissions sold: 880

Reserved seating sold: 256

Step-by-step explanation:

Set up equation:

Variable x = people who bought general admission

Variable y = people who bought reserved seating

x + y = 1136

5x + 7y = 6192

Isolate a variable in any equation:

Y = 1136 - x

Substitute the value of the variable in the other equation:

5x + 7(1136 - x) = 6192

5x + 7952 - 7x = 6192

-2x + 7952 = 6192

-2x = -1760

x = 880

Substitute the value of x in any equation:

880 + y = 1136

y = 256

Check your work:

880 + 256 = 1136

1136 = 1136

Correct!

5(880) + 7(256) = 6192

4400 + 1792 = 6192

6192 = 6192

Correct!

Can anyone help me with this please and maybe explain it?..

Q. A factory uses 800 watts of electricity in 40 minutes. How many watts does it uses in 3 hours?​

Answers

Answer:

3600 i think

Step-by-step explanation:

3,600 divide 800 by 40, u get 20 multiply that by 180

Amy, a nature photographer, randomly sampled photographs she took within the last year. She wanted to find out how many of her photographs contained flowers. The proportion of photographs that had flowers was 0.61, with a margin of error of 0.04. Construct a confidence interval for the proportion of her photographs taken within the last year contained flowers.

Answers

The Constructed  confidence interval for the proportion of her photographs taken within the last year contained flowers is

[tex]CI\ E(0.57,0.65)[/tex]

From the question we are told that:

The proportion of photographs that had flowers P= 0.61

Margin of error of M.E= 0.04

Generally, the equation for Confidence interval for proportion is mathematically given by

[tex]CI=0.61 \pm 0.04[/tex]P \pm M.E

Therefore Confidence interval is

[tex]CI=0.61 \pm 0.04[/tex]

And can also be written as

[tex]CI\ E((0.61+0.04),0.61-0.04))[/tex]

[tex]CI\ E(0.57,0.65)[/tex]

In conclusion the Confidence interval is

[tex]CI\ E(0.57,0.65)[/tex]

For more information on this visit

https://brainly.com/question/24131141?referrer=searchResults

Other Questions
Draus Products Company uses activity-based costing to compute product costs for external reports. The company has three activity cost pools and applies overhead using predetermined overhead rates for each activity cost pool. Estimated costs and activities for the current year are presented below for the three activity cost pools.Estimated Overhead Cost Expected ActivityActivity #1 $60,048 4,800Activity #2 $58,656 2,400Activity #3 $130,324 4,400Actual costs and activities for the current year were as follows. Actual Overhead Cost Actual ActivityActivity #1 $59,798 4,830Activity #2 $58,476 2,370Activity #3 $130,234 4,450The total amount of the debits to the manufacturing overhead during the year was closest to:__________. a. $248,508. b. $248,988. c. $250,334.d. $251,110. why do we feel cold when we go to the high altitude ? Don't copy paste Find the length of side x in simplest radical form with a rational denominator.4.60930xCAnswer: How do you say "teddy bear" in Spanish? What was the Final Solution, and how was it developed? please help me !! :) word meaning ofglade Rotate the vector 3,-2 90 degrees clockwise about the origin. A four digit password is a number that begins with a 3. If digits can be repeated how many possible passwords are there? show and explain your work can you help me please. Question 4 of 10Which situation best illustrates the process of capital formation?O A. A farmer increases his profits by growing a variety of new crops.B. An artist buys bonds that will increase in value over time.C. An engineer tries to limit her spending during the week.O D. A factory worker takes out a high-interest loan to buy a new home.SUBMIT Carbohydrates are an example of a biological macromolecule. The structure of a biological macromolecule affects the function.Identify the type of chemical bond in carbohydrate polymer. Describe the directionality in carbohydrates and explain how changes in the structure can affect the function. Describing Uses Olivia wants to find out whether a substance will fluoresce. She says she should put it in a microwave oven. Do you agree with her? Why or why not? Can someone explain this / answer, Its a picture What is a reference to a well-known event or text that helps call certainideas or emotions to mind without going into too much detail?A. PunB. Allusion C. AnecdoteD. Rhetoric Bismarcks policies included all of the following actions except:a. strengthening the German army.b. unifying all of Germany.c. making and breaking alliances as necessary.d. forcing Protestants to convert to Catholicism. What is the derivative of (x + 1) sin x? find x on this special right triangle, 45 is not an option!!!! Not following hazardous material safety policies and procedures can result in which of the following? (Select all that apply.)a. Serious illnessesb. Injuryc. Deathd. HIPAA violation Two longtime college friends (Lisa and Riley) find themselves living in the same neighborhood. They both have medium sized gardens in their backyards and both decide to plant lettuce. When they started off, the seeds they planted were all of normal tasting lettuce. Every so often, a random mutation occurs in the lettuce plants affecting the allele that determines taste in the lettuce. The mutated allele is recessive and gives lettuce plants a bitter taste. There are rabbits that live in the area and enjoy eating normal tasting lettuce in people's gardens but dislike the bad tasting lettuce so much that they completely avoid it. Lisa has a swimming pool in her backyard so she decided to put up a privacy fence which encloses her garden and keeps rabbits out. For countless years, Lisa and Riley continue to grow lettuce in their gardens and each one always uses seeds produced from the previous year. If a random sample of lettuce plants was collected from each of their gardens, we'll find that:_____.