You can save a significant amount of mortgage interest paid if you make one additional principal and interest payment a year. This will reduce a 30-year mortgage by around 6 years. It also increases your equity in the home faster. If you choose to pay one additional mortgage payment a year by paying 1/12 of it each month (make certain to note the extra money is to reduce principal), how much will you pay each month for a mortgage of $152,000 at 3.5% for 16 years?

Answers

Answer 1

Answer:

A = $237,120.00

I = A - P = $85,120.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 3.5%/100 = 0.035 per year.

Solving our equation:

A = 152000(1 + (0.035 × 16)) = 237120

A = $237,120.00

The total amount accrued, principal plus interest, from simple interest on a principal of $152,000.00 at a rate of 3.5% per year for 16 years is $237,120.00.


Related Questions

If the scores per round of golfers on the PGA tour are approximately normally distributed with mean 64.2 and standard deviation 1.39, what is the probability that a randomly chosen golfer's score is below 0 strokes?

Answers

64.2 because I said so yahhhhh feeeellll meeeee

100 points! help please I need this

Answers

Answer:

5/4 is rational , 100 square root is irrational , 7.3 rational , 0.00247 is rational , 4/9 square root is irrational ,2/24 square root is irrational and 0.01 is rational :)

Graph the equation below.

y= 5/4 x-1

Answers

Answer:

In the photo (I hope this helps)

Step-by-step explanation:

The total cost to buy pizzas from Mrs. miss holiday party can be found using the function C(x)=10+3.50x, where X is the number of pizza bought. She wants to order at least 5 pizzas but no more than 9 pizzas for class. Is this a continuous or discreet relationship?

What is the domain and what is the range of the situation?

Answers

Answer:

We have the equation:

C(x) = 10 + 3.50*x

x represents the number of pizzas she buys, x only can take whole values, so we must have x ∈ Z

This means that this relation is discrete because there are only some values of x avaible, and thus there will be only some values of C(x) avaible.

She wants to buy at least 5 pizzas, and no more than 9, then the domain will be:

5 ≤ x ≤ 9

Or we could write the domain as:

{5, 6, 7, 8, 9}

This means that the possible costs will be:

C(5) = 10 + 3.50*5 = 27.50

C(6) = 10 + 3.50*6 = 31

C(7) = 10 + 3.50*7 = 34.5

C(8) = 10 + 3.50*8 = 38

C(9) = 10 + 3.50*9 = 41.50

Then the range is:

{27.50,  31, 34.5, 38, 41.50}

how many years is one million seconds

Answers

Answer:

it says 0.0317 calendar year

What is the cubic Yardage of a 60'X40'X6"
thick lab?

Answers

Answer:

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Step-by-step explanation:

Elvira makes money to buy decorations for the cafeteria by selling little bags of chips in the snack bar. If each bag costs $0.35 and she can sell the bag for $0.90, how many bags must she sell to earn at least $200.

Answers

Answer:

Step-by-step explanation:

.90-.35=.55

200/.55=364 bags i think

Elvira sells a total of 364 bags to earn a profit of $200 and this can be determined by using the unitary methods.

Given :

Elvira makes money to buy decorations for the cafeteria by selling little bags of chips in the snack bar. If each bag costs $0.35 and she can sell the bag for $0.90.Total profit earn = $200

The following steps can be used to determine the total number of bags she sells to earn the profit of $200:

Step 1 - First find the total profit she earns to sell one bag.

= 0.90 - 0.35

= $0.55

Step 2 - Now, using the unitary method find the total number of bags she sells to earn a profit of $200 If she earns a profit of $0.55 to sell one bag.

[tex]=\dfrac{200}{0.55}[/tex]

= 363.63 [tex]\approx[/tex] 364 bags

She sells a total of 364 bags to earn a profit of $200.

For more information, refer to the link given below:

https://brainly.com/question/23423168

What is tan(x) equal to?
1
2
sin(x)
cos(x)
sin(x)/cos(x)

Answers

Answer: sin(x) / cos(x)

Step-by-step explanation: This is just a trigonometric identity you should have memorized :)

What is the product of (9)(-9)(-1)? -
81
-1
1
81​

Answers

Answer:

81

Step-by-step explanation:

Answer:

D.81

Step-by-step explanation:

happy chrismas every one

plz mark me brainliest

write the value of 50 times the sum of 64 and 36

Answers

e Value of the Expression a. 50 times the sum of 64 and 36. 50 x(64+36)

Answer:

500 :)

Step-by-step explanation:

An insurance company offers a term life insurance policy with a renewable premium. The first year premium is $900. If the premiums increase 5.5% each year, how much will her premium be in 7 years? A $1,286 B $1,241 C $1,308 D $1,416​

Answers

Answer:

The answer is B

Step-by-step explanation:

If first year premium is $900 and the premiums increase 5.5% each year then the premium be in 7 years is $1308

What is Percentage?

percentage, a relative value indicating hundredth parts of any quantity.

An insurance company offers a term life insurance policy with a renewable premium.

The first year premium is $900

The premiums increase 5.5% each year,

[tex]A=Pe^r^t[/tex]

5.5%=5.5/100 =0.055

[tex]A = 900(e)^0^.^0^5^5^\times^7[/tex]

[tex]A=900e^0^.^3^8^5[/tex]

A=900×1.46

A=$1308

Hence, if first year premium is $900 and the premiums increase 5.5% each year then the premium be in 7 years is $1308

To learn more on Percentage click:

https://brainly.com/question/24159063

#SPJ2

harrison spent 1 and 1/2 hours hiking 3/4 hours swimming and 1 1/3 hours fishing during his last camping trip. in total, how many hours did he spend doing there?​

Answers

Answer:

5 11/12 hours

Step-by-step explanation:

Make your common denominators 12. then when you add up you get 5 11/12.

Hope this helps and good luck :)

Triangle XYZ is a scale drawing of triangle ABC.
Triangle ABC has side lengths 3, 4, & 5.
Triangle XYZ has corresponding side lengths x, 12, & 15.
What is the value of x?

Answers

Answer:

x = 9

Step-by-step explanation:

∆ABC is similar to ∆XYZ

Therefore:

[tex] \frac{AB}{XY} = \frac{BC}{YZ} [/tex]

AB = 4

XY = 12

BC = 3

YZ = x

Plug in the values

[tex] \frac{4}{12} = \frac{3}{x} [/tex]

Cross multiply

4x = 36

Divide both sides by 4

x = 9

Violet practices the piano 840 minutes in 4 weeks. At what rate did she practice, in
minutes per day?

Answers

Answer:

30

Step-by-step explanation:

the answer that you are looking for is 30

How many solutions are there to: 8x + 7 = 7 + 8x.​

Answers

Answer: X make the equation true

Step-by-step explanation:

Each batch of 48 cookies that Amy makes takes 20 minutes in the oven. If the oven is on for 3 hours and 55 minutes (15 minutes for preheating) how many cookies did Amy make?​

Answers

3 hours and 55 minutes - 15 minutes would leave 3 hours and 40 minutes. You figure there’s 20 minutes 3 times in an hour so 3x3 is 9 + the extra 2 20 minute periods from the 40 minutes. So 11 batches of cookies, 48x11= 528. Amy made 528 cookies.

The book store is having a sale. Every book is $5 off, regardless of the original price.

The sale price for every book is $5 less than the original price.

Let x = original price

Let y = sale price

Which equation represents this situation?

A. y = × + 5

B. y = × - 5

C. y = 5x

D. y = × ÷ 5

Answers

Answer:

y=x-5

Step-by-step explanation:

sale price (y) is equal to the original (x) minus five dollars

Answer:

y = x - 5

Step-by-step explanation:

I took the test on A P E X

HELP ME PLZZ

Commission is a fee paid to a person for ______ provided; a percent earned on sales. *

expressions
gratuity
services
tax

Answers

Answer:

tax

Step-by-step explanation:

Solve the system of equations.
- 52 + 2y = 9
y=73
T =
y =
Show Calculator

Answers

Step-by-step explanation:

(1 point)

No, there isn't a more efficient way to solve this system.

Yes, a more efficient way is to multiply the first equation by 4, add to eliminate y, then solve for x.

Yes, a more efficient way is to multiply the first equation by −4, add to eliminate y, then solve for x.

Yes, a more efficient way is to multiply the first equation by −4, add to eliminate x, then solve for y.

Create a table for the equation with a y-intercept of 15 and a slope of -5. What is the output when x is -10?



x y
-2
-1
0
1
2
-6 ?​

Answers

Answer:

The output is 65 when x is -10.

Step-by-step explanation:

y=mx+b is the easiest form to understand visually what the slope and intercept is.

m is the slope and b is the y-intercept. Replace both of these variables respectively with their appropriate values. In this case, the slope (m) is -5 and y-intercept is 15.

Equation looks like this: y=-5x+15

What is the output when x is -10? Replace x with 10, and your output is the y value.

[tex]y=-5(-10)+15\\y=50+15\\y=65[/tex]

Find the value of c -(x-5)(x+c)=x^2+2x-35

Answers

Answer:

Erm

Step-by-step explanation:

I think not

Answer:

c= ( 2 x + 7 ) ( x − 5 )  / 6 − x

Step-by-step explanation:

Select all ratios equivalent to 10:9.

26:21 110:99 75:45

Answers

Answer:

9:0

Step-by-step explanation:

how do u expect me to explain it

Which of the following is a linear function?

A
y=2/x + 11

B. 2
y=x + 6

C
y=1/2 (x-9)

Answers

Answer:

y=x+6

Step-by-step explanation:

A linear equation is an equation of a straight line, which means that the degree of a linear equation must be

0

or

1

for each of its variables. In this case, the degree of variable

y

is

1

and the degree of variable

x

is

1

.

A restaurant owner plans to use x tables seating 4, y tables seating 6, and z tables seating 8, for a total of 20 tables. When fully occupied, the tables seat 108 customers. If only half of the x tables, half of the y tables, and one-fourth of the z tables are used, each fully occupied, then 46 customers will be seated. Find x, y, and z

Answers

Answer:

x = 10, y = 6 and z = 4

Step-by-step explanation:

From the question, we can form simultaneous equations of 3 variables.

Since the total tables is 20, then

x + y + z = 20

If fully occupied, x tables seating 4 will be occupied by 4x customers, y tables seating 6 will be occupied by 6y customers and z tables seating 8 will be occupied by 8z customers. Since we are told that if they occupy the tables with their seating, we will have a total of 108 customers. This gives the equation

4x + 6y + 8z = 108.

From th last statement "if only half ..." We can form the following equation:

(4x)/2 + (6y)/2 + (8z)/4 = 46.

From these we have the equations (after simplifying) to be:

x + y + z = 20 -------------- 1

2x + 3y + 4z = 54 ----------- 2

2x + 3y + 2z = 46 ----------- 3

In order to solve these equations, let's subtract eqn 3 from 2, we have:

2z = 8

z = 4

Putting z = 4 in eqn 1 and eqn 2

We have:

x + y = 16 ----------- 4

2x + 3y = 38 -------- 5

To solve these eqns, multiply eqn 4 by 2 and eqn 5 by 1.

4 x 2 : 2x + 2y = 32 ----------- 6

5 x 1 : 2x + 3y = 38 ------------ 7

Let's subtract eqn 6 from eqn 7, we have:

y = 6. Substituting y = 6 and z = 4 in eqn 1, we have x = 10.

Therefore, x = 10, y = 6 and z = 4

Here is a balanced hanger diagram:
A circle has a mass of 3 grams and a square has a mass of 2 grams.
Which is the mass of a triangle?
a. 9/5 grams
b. 715 grams
c. 3 grams
d. 11 grams

Answers

Answer:

D

Step-by-step explanation:

11 grams because the the most logical.

 Option C. 3 grams is the answer.

    Mass given,

One circle = 3 gramsOne square = 2 grams

For the balanced hanger diagram,

Mass on left arm = Mass on right arm

Mass on left arm = 2.(one triangle) + 6.(one square) + 3.(one circle)

Mass on right arm = 5.(one triangle) + 3.(one square) + 2.(one circle)

Equation for the balanced hanger,

2.(one triangle) + 6.(one square) + 3.(one circle) = 5.(one triangle) + 3.(one square) + 2.(one circle)

Now solve this equation,

(6 - 3).(one square) + (3 - 2).(one circle) = (5 - 2).(one triangle)

3.(one square) + 1.(one circle) = 3.(one triangle)

3.(2) + 1.(3) = 3.(one triangle)

6 + 3 = 3.(one triangle)

One triangle = 3 grams

    Therefore, Option (C) will be the correct option.

Learn more,

https://brainly.com/question/15558745

John made $172 last weekend. He worked 11 hours. How much money does John make each hour? *

Answers

Answer:

15.63

Step-by-step explanation:

172/11

15.636363...

Determine the type of triangle this drawn below

Answers

Answer:

Step-by-step explanation:

Isosceles Obtuse??????

two football players start running towards each other each other from the opposite ends of a 100- yard football field. The faster player runs at a rate of 30 feet per second. The slower player runs 20 feet per second. After how many seconds will they collide

Answers

Answer:

600

Step-by-step explanation:

Multiply both numbers by 12.

240

360

Any help please thank you I appreciate it

Is credit union the heights rate ? Can anyone help me get the answer

Answers

Have faith, you got it. 6 2/5 is 6.4% when converted to decimal. Higher than the others once converted to decimal as well.

7 1/4x+x-2 11/12x+1 2/3x=5 3/5
What is x?

Answers

Answer:

x = 0.8

Step-by-step explanation:

7 1/4x + x - 2 11/12x + 1 2/3x = 5 3/5

Combine like terms;

- convert the fractions to improper fractions

29/4x + x - 35/12x + 5/3x = 28/5

-Convert to a like denominator

87/12x + x - 35/12x + 20/12x = 28/5

-simplify

84/12x = 28/5

7x=28/5

Divide both sides by 7

x = 4/5

x = 0.8

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