11. Twyla and Tony have a 30/5 balloon mortgage for $389,900 with a rate of 4.85%. How much will they pay in interest over the life of the loan? (3 points)
O $81,373.41
$92,263.82
O $107,536.50
O $121,390.73
Answer:
Explanation:
Twyla and Tony with a balloon mortgage of 30/5 will make constant payments over the space of 5 years and then complete the bulk balloon payment for 25 years remaining.
Given mortgage loan value of $389900
Interest rate of 4.85%
We are asked to calculate the interest over the life of the loan.
We will calculate interest by calculating constant payments over the period of 5 years before balloon payment is due and adding them together then subtracting the mortgage loan given $389900
Formula for constant payments :
A= P×r×r(1+r)^n/(1+r)^n-1
Where A= constant/monthly payments
r= interest rate on the mortgage loan
n= number of payments = 30×12= 360
P= mortgage loan given
A= $389900×0.0485×0.0485(1+0.0485)^360/(1+0.0485)^360-1
=$389900×0.0485×1231340.79/25388468.94
=$389900×0.0485×0.04850
A= $917.142
Payment for five years(with interest)= $917.142×60= $55028.52
Calculate balloon payment:
FV= PV(1+r)^n - P((1+r)^n-1/r)
Where FV= future value of balloon payment
PV= initial loan given
r= interest rate on loan
n= number of payments
P= monthly payments
Substitute:
FV= $389900(1+0.0485/12)^60-917.142((1+0.0485/12)^60-1/0.0485/12)
=$389900×1.2738-917.142(0.2738/0.004041)
=$389900×1.2738-917.142×67.756
= 496654.62-62141.87
FV = $434512.75
Therefore total payment made with interest over the life of the loan= balloon payment+ constant payments for five years= $434512.75+$55028.52
=
Please help, will make brainliest
Answer/Step-by-step explanation:
1. Sin A = opp/hyp
Opp = 3
Hyp = 5
[tex] sin(A) = \frac{3}{5} [/tex] (substitution)
[tex] sin(A) = 0.6 [/tex]
2. Sin B = opp/hyp
Opp = 4
Hyp = 5
[tex] sin(B) = \frac{4}{5} [/tex] (substitution)
[tex] sin(B) = 0.8 [/tex]
3. Cos Q = adjacent/hypotenuse
Adjacent = 12
Hypotenuse = 13
[tex] cos(Q) = \frac{12}{13} [/tex] (substitution)
[tex] cos(Q) = 0.9231 [/tex] (4 decimal places)
4. Cos S = adjacent/hypotenuse
Adjacent = 5
Hypotenuse = 13
[tex] cos(S) = \frac{5}{13} [/tex] (substitution)
[tex] cos(S) = 0.3846 [/tex] (4 decimal places)
plz plz plz
i am running out the time
Answer:
mode:7
range:8
Step-by-step explanation:
mode is the most repeated number
range is the greatest -smallest number
On a given day, the proportion of workers from Company B who purchase a coffee from the company cafeteria is 0.62 and the proportion of workers from Company C who purchase a coffee from the company cafeteria is 0.71. A random sample of40 workers was selected from Company B and another random sample of 40 workers was selected from Company C. The proportion of workers from Company B who purchased coffee was
Answer:
the proportion of workers from company B who purchsed coffee was pˆC=0.75
Step-by-step explanation:
Answer: pˆC=0.75
Step-by-step explanation:
The formula F = 1.8C + 32 is used to convert temperatures from degrees Celsius, °C, to degrees Fahrenheit, °F. Find the temperature in degrees Fahrenheit that is equivalent to 20°C
Answer:
68F
Step-by-step explanation:
Given data
The formula F = 1.8C + 32
we want to find F for C= 20°C
Substitute into the formula we have'
F = 1.8(20) + 32
F=36+32
F=68
Hence the value of 20°C in Fahrenheit is 68F
Find the percent of a number 20% of 155
Hey there!
[tex]\text{The word \underline{of} means \underline{multiply} in \underline{mathematical terms}}[/tex]
[tex]\bold{Equation: 20\% \times 155}\\\bold{20\% = \dfrac{20}{100}=\dfrac{20\div20}{100\div20}=\dfrac{1}{5}}\\\bold{\dfrac{1}{5}\times 155=?}\\\bold{155\times1=155}\\\\\bold{\dfrac{155}{5}=31}\\\boxed{\boxed{\bold{Answer: 31}}}\huge\checkmark[/tex]
Good luck on your assignment and enjoy your day!
~[tex]\frak{Amphitrite1040:)}[/tex]
Which of these situations would follow the general rule for basis of inherited property?
Louis died on August 12, 2019, leaving his house to his sister, Etty.
On August 15, 2018, Leroy gave his brother Ralph appreciated stock. Leroy's brother Ralph died on February 16, 2019. Ralph's only heir was Leroy.
Mick died on June 30, 2019. He named his brother Emmett as the beneficiary of his 401(k) plan.
Janet died on January 1, 2019. At that time, she had an IRA with a balance of $32,640. She named her daughter, Emily, as the beneficiary of her IRA.
Amon the following situation 2 cases follow the general rule for basis of inherited property
Given , Statements of inheritance.
1. Louis died on August 12. 2019 leaving his house to his sister, Etty.
This is a case of inheritance of property as it justifies conditions of the definition of Inheritance of Property i.e Louis died and as a consequence his property is transferred to his sister which is her relative as per law. So, this is a valid case of inheritance. Even a person can transfer his property to some unrelated person, if he so mentions in his will.2. On August 15, 2018, Leroy give his brother Ralph appreciated stock. Leroy's brother died on February 16, 2019, Ralph's only heir was Leroy.
In this case, transfer of stock from Leroy to Ralph is outside the definition of inheritance, since Leroy was not died at that time. On second instance, when stock was transferred to Leroy after Ralph death in February 2019. It is a case of inheritance but it is the case of inheritance of stock, not inheritance of property. Stock of a company is not considered a property.3.Mick died on June 30, 2019. He named his brother Emmett as the beneficiary of his 401(k) plan.
A 401(k) plan is a retirement savings account that allows an employee to divert a portion of his or her salary into long-term investments. The employer may match the employee's contribution up to a limit.This is also a case of inheritance but not the case of inheritence of property. Retirement Savings account is not considered as property.
4.Janet died January 1, 2019. At that time, she had a IRA with balance of $32640. She named her daughter, Emily, as the beneficiary of her IRA.
This is also a case of inheritance but not the case of inheritence of property. IRA (Individual Retirement Account) is not considered as property.Know more about inheritance of property,
https://brainly.com/question/29375949
#SPJ4
1) Can a line have a slope of 1.25? Exp
On Wednesday, how many total kilograms of flour were prodľiced at plant #1 and
plant #2 combined?
Answer:
110,000 kg
Step-by-step explanation:
Just look at the kilos of flour produced on Wednesday from both plants and add them together :)
2. Robert has three jobs. He worked at Young's Grocery and earned $5,805. He was a waiter at the A & B Restaurant and earned $12,445. He also earned $56,002
working for CCD Communications. Each employer took out 6.2% for Social Security. How much did Robert pay in Social Security?
Answer:
Robert paid $4,603.6 in Social Security.
Step-by-step explanation:
Robert total earnings:
$5,805 at Young's Grocery.
$12,445 at A&B Restaurant.
$56,002 at CCD Communications.
So his total earnings are of:
5805 + 12445 + 56002 = $74,252
How much did Robert pay in Social Security?
6.2%, that is, 0.062 of $74,252. So
0.062*74252 = $4,603.6
solve for x
19.
20.
21.
22.
23.
24.
Answer:
I hope I helped sorry l didn't understand question number 19
Adriana earns $9.40 per hour working at an animal shelter. How much money will she earn for 18.5 hours of work?
Answer:
173.9
Step-by-step explanation:
9.40 × 18.5 = 173.9.
Answer:
thanks for the points Imao
Step-by-step explanation:
A week have five school days and two weekend days. Write as ratio
Answer:
5:2
Step-by-step explanation:
There are 8 circles and 10 triangles. What is the simplest ratio of circles to total shapes?
The simplest ratio is 4:9
Which of the following equations can be used to find three consecutive odd integers whose sum is 147?
n+n+1+n+3=147
n+n+1+n+2=147
n+n+n=147
n+n+2+n+4=147
Answer:
It’s the last one
Step-by-step explanation:
Plz mark me brainliest
determine the value of x if the measure of the sixth exterior angle of a hexagon is given by -6(3/16x-14)+3
Answer:
24°
Step-by-step explanation:
Assume the hexagon is regular.
help me pls someone?
What is ( 2 ⅓ * x ) + x?
Answer:
10x/3
Step-by-step explanation:
10x/3.............................
Find the domain and range of the relation given to the right.
please help!!! i’ll give brainliest!!
Answer:
Step-by-step explanation:
D:(0,10)
R:(14, infinitly)
28 decreased by 2.6%
Answer:
Please check the explanation.
Step-by-step explanation:
Given
28 decreased by 2.6%First we need to determine the percentage decrease such as:
Percentage decrease = 2.6% of 28
= 2.6/100 × 28
= 0.026 × 28
= 0.73
New value can be determined using the formula
New vaue = 28 - percentage decrease
= 28 - 0.73
= 27.27
Steven wants to buy a couch that costs $475. He has already saved $120. He plans to save $25 a week.
Enter a function to represent the amount Steven will have saved in x weeks. Will he have enough to buy
the couch in 10 weeks? Complete the explanation.
Answer:
f(x)=25x+120. f(10)=370
Answer:
Step-by-step explanation:
f(10)= Which Is 25. This means that he will have saved $250 in 10 weeks. The couch costs $475 whis is $225 more than $250
Dawn is making an abstract painting with two triangles. the dimensions are 6 in by 10 in and 8 in by 10 in. what is the total area in square inches.
Anwser: First triangle area =0.5*8*10=40 in2. Secound triangle area =0.5*8*6=24 in2 Sum is 1st area + 2nd area, which is 64 in2.
Which is the product in the expression 5(z+6)-25+x
Your challenge is to create a cylindrical can that minimizes the cost of materials but must hold 100 cubic inches. The top and bottom of the can cost $0.014 per square inch, while the sides cost only $0.007 per square inch. Show how you did it too?
Answer:
[tex]Radius = 1.997\ in[/tex] and [tex]Height = 7.987\ in[/tex]
[tex]Cost = \$1.05[/tex]
Step-by-step explanation:
Given
[tex]Volume = 100in^3[/tex]
[tex]Cost =\$0.014[/tex] -- Top and Bottom
[tex]Cost =\$0.007[/tex] --- Sides
Required
What dimension of the cylinder minimizes the cost
The volume (V) of a cylinder is:
[tex]V = \pi r^2h[/tex]
Substitute 100 for V
[tex]100 = \pi r^2h[/tex]
Make h the subject
[tex]h = \frac{100 }{\pi r^2}[/tex]
The surface area (A) of a cylinder is:
[tex]A = 2\pi r^2 + 2\pi rh[/tex]
Where
[tex]Top\ and\ bottom = 2\pi r^2[/tex]
[tex]Sides = 2\pi rh[/tex]
So, the cost of the surface area is:
[tex]C = 2\pi r^2 * 0.014+ 2\pi rh * 0.007[/tex]
[tex]C = 2\pi r(r * 0.014+ h * 0.007)[/tex]
[tex]C = 2\pi r(0.014r+ 0.007h)[/tex]
Substitute [tex]h = \frac{100 }{\pi r^2}[/tex]
[tex]C = 2\pi r(0.014r+ 0.007*\frac{100 }{\pi r^2})[/tex]
[tex]C = 2\pi r(0.014r+ \frac{0.007*100 }{\pi r^2})[/tex]
[tex]C = 2\pi r(0.014r+ \frac{0.7}{\pi r^2})[/tex]
[tex]C = 2\pi (0.014r^2+ \frac{0.7}{\pi r})[/tex]
Open bracket
[tex]C = 2\pi *0.014r^2+ 2\pi *\frac{0.7}{\pi r}[/tex]
[tex]C = 0.028\pi *r^2+ \frac{2\pi *0.7}{\pi r}[/tex]
[tex]C = 0.028\pi *r^2+ \frac{2 *0.7}{r}[/tex]
[tex]C = 0.028\pi *r^2+ \frac{1.4}{r}[/tex]
[tex]C = 0.028\pi r^2+ \frac{1.4}{r}[/tex]
To minimize, we differentiate C w.r.t r and set the result to 0
[tex]C' = 0.056\pi r - \frac{1.4}{r^2}[/tex]
Set to 0
[tex]0 = 0.056\pi r - \frac{1.4}{r^2}[/tex]
Collect Like Terms
[tex]0.056\pi r = \frac{1.4}{r^2}[/tex]
Cross Multiply
[tex]0.056\pi r *r^2= 1.4[/tex]
[tex]0.056\pi r^3= 1.4[/tex]
Make [tex]r^3[/tex] the subject
[tex]r^3= \frac{1.4}{0.056\pi }[/tex]
[tex]r^3= \frac{1.4}{0.056 * 3.14}[/tex]
[tex]r^3= \frac{1.4}{0.17584}[/tex]
[tex]r^3= 7.96178343949[/tex]
Take cube roots of both sides
[tex]r= \sqrt[3]{7.96178343949}[/tex]
[tex]r= 1.997[/tex]
Recall that:
[tex]h = \frac{100 }{\pi r^2}[/tex]
[tex]h = \frac{100 }{3.14 * 1.997^2}[/tex]
[tex]h = \frac{100 }{12.52}[/tex]
[tex]h = 7.987[/tex]
Hence, the dimensions that minimizes the cost are:
[tex]Radius = 1.997\ in[/tex] and [tex]Height = 7.987\ in[/tex]
To calculate the cost, we have:
[tex]C = 2\pi r(0.014r+ 0.007h)[/tex]
[tex]C = 2* 3.14 * 1.997 * (0.014*1.997+ 0.007*7.987)[/tex]
[tex]Cost = \$1.05[/tex]
SOLVE EACH OUESTION
4x+3−9x
5+3.2n−6−4.8n=
2y−5(y−3)=
- 1/2 (8b+3)+3b=
Answer:
1: 5x+3
2: 1-1.6n
3: 3y +15
4: -b-3/2
Step-by-step explanation:
write 56
as the product of prime factors
[tex]56 = 28 \times 2 \\ 56 = (14 \times 2) \times 2 \\ 56 = (7 \times 2) \times 2 \times 2[/tex]
A jet plane can carry up to 200,000 liters of fuel. It used to 130,000 liters of fuel during a flights. What percentage of the fuel capacity did it use on this flight?
Jack was 14 years older than Priscilla. Together their ages totaled 158 years. What were their ages?
Answer:
Jack's age: 86, Priscilla's age: 72
Step-by-step explanation:
Priscilla's age can be called x, which makes Jack's x + 14. We know that their added ages total 158 years which means that x + x + 14 = 158, which means that 2x + 14 = 158. We can then solve this by subtracting 14 on both sides and getting 2x = 144. We can divide on both sides to get that x = 72. Since Priscilla's age is x and Jack's is x + 14, we already know Priscilla's age and we need to find Jacks by adding 14 to 72. 72 + 14 = 86, so Jack's age is 86.
Answer:
Jack is 86 years old,
and Priscilla is 72 years old
Step-by-step explanation:
j = Jack
p = Priscilla
j - 14 = p $\Rightarrow$ j = p+14
j+p = 158
By subsituting the value of j ( first equation) into the second equation, we get:
p+14+p = 158
2p+14 = 158
2p = 144
p = 72.
So, j = 86
What is the solution to the equation?
Answer:
C- t=411
Step-by-step explanation:
there is this really cool site/app called
math
way
it helps for everything, just use it
mr chowdhary purchased a house for rs 6.1 lakh and spent 30000 on its repairs. he then sold it rs 8 lakh. find his gain percent
Given:
Purchasing price = 6.1 lakh
Amount spent of repair = 30000
Selling price = 8 lakh
To find:
The gain percentage.
Solution:
We have,
Purchasing price = 6.1 lakh
Amount spent of repair = 30000 = 0.3 lakh
So, total cost price is
[tex]C.P.=6.1+0.3[/tex]
[tex]C.P.=6.4[/tex]
The total cost price is 6.4.
Selling price(S.P.) = 8 lakh
Now,
[tex]Gain\%=\dfrac{S.P.-C.P.}{C.P.}\times 100[/tex]
[tex]Gain\%=\dfrac{8.0-6.4}{6.4}\times 100[/tex]
[tex]Gain\%=\dfrac{1.6}{6.4}\times 100[/tex]
[tex]Gain\%=\dfrac{1}{4}\times 100[/tex]
[tex]Gain\%=25\%[/tex]
Therefore, the gain percent is 25%.
