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

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.

Use the figure to find the radius.

Answers

The answer is 4 (four)

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.

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

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

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

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

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

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

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!

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

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

I need help can someone help me out

Answers

Answer:

C' (-1,-2)

V' (-2,2)

N' (2,0)

Answered by GAUTHMATH

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

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.

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!

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

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.

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^_^

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

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

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)

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

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!

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]

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

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

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:

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]

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 )

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