Jason and Pam recently bought a house. They financed the house with a $250,000, 30-year mortgage with a nominal interest rate of 77% compounded monthly. Mortgage payments are made at the end of each month. What would be their house payment?

Answers

Answer 1

Answer:

Annual payument (PMT)= $1,663.19

Step-by-step explanation:

Giving the following information:

Loan (PV)= $250,000

Monthly interest rate (i)= 0.07/12= 0.005833

Number of periods (n)= 12*30= 360 months

To calculate the monthly payment, we need to use the following formula:

Annual payument (PMT)= (PV*i) / [1 - (1+i)^(-n)]

Annual payument (PMT)= (250,000*0.005833) / [1 - (1.005833^-360)]

Annual payument (PMT)= $1,663.19


Related Questions

HELP DUE IN 10 MINS! Solve for x in the parallelogram below:

x=??

Answers

Answer:

x = 10

Step-by-step explanation:

The opposite angles in a parallelogram are congruent, then

5x - 9 = 3x + 11 ( subtract 3x from both sides )

2x - 9 = 11 ( add 9 to both sides )

2x = 20 ( divide both sides by 2 )

x = 10


Sally has 8 red marbles and 16 green
marbles. She also has red bags and
green bags. She wants to put marbles in
the bags that match their color. Each
bag will have the same number of
marbles. What is the largest number of
marbles she can put into each bag?

Answers

Answer: 8

Step-by-step explanation: It's just GCF.  The greatest common factor (GCF) of 8 and 16 is 8 (8 and 16 are both divisible by 8 but not by anything greater) which brings us to our answer.

11. Which could be the table of values that was used to graph the function of x shown below?

Answers

Answer:

D

Step-by-step explanation:

Here, we want to select the possible table of the given line

Let us look at the intercepts

On the x-axis, we have an intercept at x = 2

On the y-axis, we have an intercept at y = -4

This means that when y = 0, x = 2 and when x = 0, y = -4

Looking at the options, the table that supports this answer is the table of option D

What is (-3, -2) reflected over the y-axis

Answers

Answer:

3,-2

Step-by-step explanation:

Answer:

(3, -2)

Step-by-step explanation:

[Cartesian plane]

______________

+y

-x ← — | — → +x

(-3,-2) |

-y

______________

[Flipping over the y axis]

-The reflection will be the-

same distance from the y axis

+y

-x ← — | — → +x

(-3,-2) → | → (3, -2)

-y

The area of a sector with a radius of 22 yards is 89.45 square yards. Calculate the approximate angle of the sector

Answers

Answer:

0.3696 radian

21.178°

Step-by-step explanation:

Given :

Radius, r = 22 yards

Area of Sector = 89.45 yd²

Approximate angle of the sector :

Area of Sector = 1/2 * θ * r²

89.45 = 1/2 * θ * 22²

89.45 = 0.5 * 484 * θ

89.45 = 242θ

θ = 89.45 / 242

θ = 0.3696 radian

Radian to degree

0.3696 * 180 / π = 21.178°

Help me please!!! I’ll mark brainliest!!

Answers

Answer:

all the answers are c on that test my teacher did that same exact test

Step-by-step explanation:

mark brainliest!

Which is an equation in point-slope form for the given point and slope? Point: (1.9); Slope: 5

A: y-1=5(x+9)
B: y-9=5(x+1)
C: y-9=5(x-1)
D: y+9=5(x-1)​

Answers

answer is D

from y-y'=m(x-x') ,where m is slope and x' and y' are our points then ;

given are;

m=5, x' =1 and y' =9

By substituting our given

y-9=5(x-1)

What is the range of ordered pairs represented on the graph? ​

Answers

Answer:

Step-by-step explanation:

1st. (4,6)

2nd. (-6,-2)

3rd. (8,4)

4th. (-4,-10)

How Roses Got Their Thorns.

Many years ago ,in the land of Lucia, there was a beautiful queen named —————. Queen —————lived in a century old castle surrounded by a forest on the north side,a maze on the east side, a fountain on the west side and a rose garden on the south side. Her private living quarters had a large window facing the south. Each morning she would start her day by opening her window to the sweet aroma coming from her rose garden. She had a special servant whose only job was to care for her roses. Queen ———- rose garden was her favorite place and every day she would spend time there relaxing and caring for her lovely blooms. Her garden was world famous and people came from miles around to visit and enjoy their beauty and lovely fragrance.
One day she notice there were fewer blooms than usual and she became concerned. She thought her servant was not doing his job,so she obtained a new gardener. The blooms continued to disappear and then she noticed that plants were starting to disappear. Finally, she had some of her servants start guarding the roses. They discovered that the visitors were picking and digging up her roses. She loved sharing the beauty of her garden with her subjects but she had to find a way to protect her roses . Several attempts were tried to protect the. She had a fence built,but the people knocked it down. She had a wall built but they climbed over it. She put guards around but the guards could not be everywhere and the people continued to take her roses . Finally, she sought the advice the local wizard . His solution was to put a curse on the roses. Queen———-agreed to a curse as long as it did not affect the aroma or the beauty of them Beginning that day the loveliest of flowers started growing thorns and still do. P

Answers

Answer:

Queen Marie Antoinette

At a children's archery camp, the percentage of target hits at different distances from the target for several campers were recorded.
The data is shown in the scatter plot below.
у
100).
80
60
.
Target Hits (%)
40
20
0 4
8 12 16 20
Distance from Target (ft)
Which interpretation can be made from this data?
OA.
ОВ.
There is a positive association between the distance from the target and the percentage of target hits.
There is a negative association between the distance from the target and the percentage of target hits.
There is no association between the distance from the target and the percentage of target hits.
OC.
OD. There is both a positive and a negative association between the distance from the target and the percentage of target
hits.

Answers

Answer:

its  B

Step-by-step explanation:

Find the perimeter of the following rectangle. Hint: add all sides.

Answers

Answer:

A

Step-by-step explanation:

The formula for the perimeter is 2l +2w. 4x^2+4x^2=8x^2.  y^2+y^2=2y^2.

If we add them together the answer is 8x^2+2y^2.

O D) 96
10) What is the value of the expression 16 + 24 = 2^3x3 - 8
1 point
A) 7
B) 9
C) 17
D) 20
1 point
ncion is equivalent to b+b+b+b? *

Answers

The best answer to go with is b

Whats 50x^3 - 23x +9
anegays this for my friends

Answers

Answer: there are no like terms

I'm not sure if you have the wrong equation but there are no like terms

An equation is shown. n+ 5 = 23 What is the value for n that makes the equation true?

no links​

Answers

Well, it’s pretty obvious as the it‘s basically 23-5

If the student is a domain/inout and the hair color is the range/output how is these two set of relation not a function?

Answers

Answer:

A function is a relation that maps inputs from a set called the domain, into outputs from a set called the range.

Such that each input can be mapped into only one output.

So for example, if we have a relation that maps the input 2 into two different values:

f(2) = 4

f(2) = 8

Then this is not a function.

In the case of the problem, we have a student as the input, and the hair color as the output.

So we will have something like:

f(student) = blond

And if this student decides to change his/her hair color to red?

Then the function becomes:

f(student) = red

So for the same input, we had two different outputs, which means that this is not a function.

We also could have the case where a given student has two colors (Californian for example)

Where again, we would see two different outputs for one single input.

What is the surface area of the cylinder with height 6 in and radius 7 in? Round your answer to the nearest thousandth.

Answers

Answer:

571.77

Step-by-step explanation: I might be wrong so don't really trust me

please help me
.
.
.
.
.
.

Answers

Answer:

Step-by-step explanation:

The figure is a parallelogram. That means the y value of g is the same as the y value of H

G( ? , b)

The x value of G is a little harder. You have to be careful what you do to c.

A is at - c which means you need to add c to get to (0,0)

In addition, you go out d units to get to F. So the x value of G = c + d

the complete answer is G(c + d,b)

Find the distance between points B and C on the graph. A) 5 B) 17 C) 5 D) 34

Answers

Answer: 3 to the right 5 going up i hope that can help a little bit

Step-by-step explanation: plz make brainly

Answer:

d

Step-by-step explanation:

took test

Literal Equations:

Solve the equation for the indicated variable.

a−c=d−r, for c

Group of answer choices

c=−d+r+a


c=d−r/a


−c=d−r−a


c=d−r+a

Answers

Answer:

−c=d−r−a

Step-by-step explanation:

if we move a value to the other side of the equal sign, the value switches positive and negative signs, in this case A moved to the right, which caused it to turn negative.

What is 2x^3 if x=3?

Answers

Answer:

2^3 when x=3

2*3^3

6^3

6*6*6

36*6

=192

Step-by-step explanation:

A store purchased a chair for $10.00 and sold it to a customer for 50% more than the purchase price. The customer was charged 7% tax when the chair was sold. What was the customer's total cost for the chair? I​

Answers

Answer:

$16.05

Step-by-step explanation:

50% of 10.00

0.50 x 10.00 = 5.00

10.00 + 5.00 = 15.00

7% of 15.00

0.07 x 15.00 = 1.05

15.00 + 1.05 = 16.05

Find m
Plz I need helped

Answers

Answer:

m<QPR = 25

Step-by-step explanation:

The sum of <RPS and <QPR make up 40 so:

8x + 7 + 9x + 16 = 40

17x + 23 = 40

17x = 17

x = 1

m<QPR:

9x + 16

9(1) + 16

25

Write the equation that describes the following variation. Don't forget "k"!
x varies directly with the square rootſofy and inversely with the square of w and the
cube root of z

Answers

Answer:

x=(k√x)/(w^2)(cube√z)

x varies directly with square root of y is:

x = k √y

And inversely with the square of w and cube root of s is:

/(w^2)(cube√z)

Now put those together:

x=(k√x)/(w^2)(cube√z)

The formula is:

x=ky/wz but add the specific info like square, roots, or etc

which property is BEST to use when combining 3/5 + 1/4 + 2/5? A) distributive property B) identity property of addition C) additive inverse property D) commutative property of addition

Answers

Answer:

D Community property of addition

Step-by-step explanation:

Answer:

d

Step-by-step explanation:

Juanita is a basketball player who makes
75
%
75%75, percent of all free-throws she attempts. We can assume that the results of her free-throw attempts are independent from each other.
Which of the following choices are binomial random variables?
Choose all answers that apply:
Choose all answers that apply:

(Choice A)
A
Juanita shoots a series of free-throws until she makes
5
55 free-throws. Let
S
=
S=S, equals the number of shots it takes.

(Choice B)
B
Juanita shoots a series of free-throws until she makes a free-throw. Let
T
=
T=T, equals the number of shots it takes.

(Choice C)
C
Juanita shoots a series
5
55 free-throws. Let
M
=
M=M, equals the number of free-throws she makes.

Answers

Answer: Juanita shoots a series 5 free-throws. Let M = the number of free-throws she makes.

Step-by-step explanation: Khan

A cylinder of clay has a radius of 6 cm and a height of 12 cm. If this clay is made into congruent cones with a radius of 3 cm and a height of 8 cm, how many cones could be made with all of the clay? Show work to support how you determined your answer.

Answers

Answer:

So we want to know how much clay did Joseph add after he built the cone. So the formula for the volume of the cone is V=(1/3)*pi*r^2*h where r is the radius and h is height. We know h1=12cm and r1=6cm, r2=6cm and h2=18 cm. So to get the amount of added clay Va we simply subtract the volume of the clay of the first cone V1 from the volume of the second cone V2: Vd=V2-V1=(1/3)*pi*(r1^2)*h1 - (1/3)+pi*(r2^2)*h2. Va=678.24 cm^3-452.39 cm^3= 266.08 cm^3.

Step-by-step explanation:

brainliest?

answer pls for point

Answers

Answer:

x= 4 , y= 1

Step-by-step explanation:

confirm the answer was correct

How do you write 5.96 x 10^-5 in standard form

Answers

Answer:

Nan

Step-by-step explanation:

Will the following measurements create a triangle? 25 25 130

Answers

Answer:

if those measurements are degrees, then yes. If those measurements are the side lengths, then no.

Step-by-step explanation:

all angles on a triangle must had up to 180 degrees.

the two smaller sides of the triangle must add up to be larger than the largest side.

Maria and Juan are married, filing jointly. Their taxable income is $154,849. Use the table below to write an equation to determine their tax. Then calculate their tax.

Answers

Answer:

The right answer is "$31,399.75".

Step-by-step explanation:

The given value is:

Taxable income,

= $154,849

According to the question,

The tax amount will be:

=  [tex]8,962.50 + (154,849 - 65,100)\times 25 \ percent[/tex]

=  [tex]8,962.50+(89,749)\times 25 \ percent[/tex]

=  [tex]8,962.50+22,437.25[/tex]

=  [tex]31,399.75[/tex] ($)

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