Step 1: Choose the price of the house. Then calculate 20% (which will be your down payment). Write down the price and 20% of the price.


Step 2: You don't have 20% now, so you will use an annuity to save up until you have the 20%. Choose a time in the future (2 years, 3 years, 4 years, 5, 10?) that you will purchase this house. Choose an APR that the bank will give you. Calculate how much you need to deposit every month in order to have the 20% down payment down the road. Write down the numbers of years, the interest rate, the formula with all the numbers plugged in, and the monthly deposits you will need to make.


Step 3: Now you take out a mortgage on the remaining 80%. Choose an APR that the bank will charge you (to be realistic, more than the APR in step 2) and the time you will take to pay off the loan. Write down the formula with all the numbers plugged in, and write down the minimum monthly payments.


Please show me proper work and a step by step explanation on how you got your answers. Anyone who attempts to answer just to steal points will be reported. Btw this is due midnight tonight so I could really use some help with this

Answers

Answer 1

9514 1404 393

Answer:

$250,000 house price. $50,000 down payment2 years, 3% from the bank, monthly: $2024.065% APR, 30 years, monthly: 1073.64

Step-by-step explanation:

1. House prices vary considerably. In January, 2021, the median US house price was about $269,000, growing at the rate of about 3.2% per year. For the purpose of this problem, we have chosen a slightly lower price of ...

   $250,000 . . . selected house price

20% of this price is ...

  0.20 × $250,000 = $50,000 . . . amount of down payment

__

2. House prices are growing faster than the interest rate we can get at the bank, so we want to minimize the amount of time we save for a down payment. At the same time, we recognize that saving this amount quickly will put a significant strain on the budget. We choose a period of 2 years, and assume a bank rate on savings of 3%. (US rates in mid-2021 average about 0.04%.) This annuity formula gives the future value of a series of payments:

  A = P((1+r/12)^(12t)-1)(12/r) . . . . monthly payment P at annual rate r for t years

Solving for P, we have ...

  P = A(r/12)/((1 +r/12)^(12t) -1)

Filling in the chosen numbers, we find we need to save ...

  P = $50,000(0.03/12)/(1 +0.03/12)^(12·2) -1) = $50,000(0.0025)/0.06175704

  P = $2024.06

$2024.06 needs to be deposited every month for 2 years at 3%.

__

3. The mortgage will be for ...

  $250,000 -50,000 = $200,000

We assume we can get an APR of 5% on a 30-year loan. (US rates in mid-2021 are around 3.2%.) The formula for the payment amount is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . principal P at rate r for t years

Filling in the chosen numbers, we find the monthly payment to be ...

  A = $200,000(0.05/12)/(1 -(1 +0.05/12)^(-12·30))

  = $200,000(0.0041666667)/0.77617340 = $1073.64

The monthly mortgage payment will be $1073.64.


Related Questions

50% of 80
50% of 48
50% of 15
25% of 120
25% of 90

Answers

1. 40
2. 24
3. 7.5
4. 30
5. 22.5

The coordinates of the preimage are:

A(−8,−2)

B(−4,−3)

C(−2,−8)

D(−10,−6)

Now let’s find the coordinates after the reflection over the x-axis.

A′(−8,
)

B′(−4,
)

C′(−2,
)

D′(−10,
)

And now find the coordinates after the reflection over the y-axis.

A′′(
,2)

B′′(
,3)

C′′(
,8)

D′′(
,6)

This is also the same as a rotation of 180∘.

Answers

9514 1404 393

Answer:

A'(-8, 2) ⇒ A"(8, 2)B'(-4, 3) ⇒ B"(4, 3)C'(-2, 8) ⇒ C"(2, 8)D'(-10, 6) ⇒ D"(10, 6)

Step-by-step explanation:

Reflection over the x-axis changes the sign of the y-coordinate. Reflection over the y-axis changes the sign of the x-coordinate. We can summarize the transformations as ...

  preimage point ⇒ reflection over x ⇒ reflection over y

A(−8,−2) ⇒ A'(-8, 2) ⇒ A"(8, 2)

B(−4,−3) ⇒ B'(-4, 3) ⇒ B"(4, 3)

C(−2,−8) ⇒ C'(-2, 8) ⇒ C"(2, 8)

D(−10,−6) ⇒ D'(-10, 6) ⇒ D"(10, 6)

A lady wearing a McDonalds t-shirt with a delicious-looking Big Mac on it asks which fast food restaurant is your favourite. This leads to which type of bias?


a) Response Bias

b) Sampling Bias

c) Measurement Bias

d) Non-response Bias

Answers

The correct answer is a Response Bias

A swimmer dove off a board that was 50 ft above the water. The swimmer reached a depth of 15 ft in the pool. What number represents the swimmer's original height, in feet?​

Answers

9514 1404 393

Answer:

  50

Step-by-step explanation:

The number you choose depends on the location you consider to be zero height.

If we consider the surface of the pool to be zero height, and "up" to be the positive direction for measuring height, then the appropriate number for the original 50-ft height is 50.

____________ is/are when data is analyzed in order to make decisions about the population behind the data.
A. Experiments
B. Simulations
C. Surveys
D. Statistics

Answers

Answer:

statistics are when data analyzed in order to make decisions about the population behind the data.

The correct answer to the question is Statistics (Option D).

What is statistics?

Statistics is a field of study in mathematics which deals with raw data. It is a tool which refines the data to produce meaningful results and a pathway to better understanding of it.

Some examples of raw data can be population sample which loves to see a particular TV show or a sample of students getting so and so marks in Math test.

Data is analyzed mainly by three different measure of central tendency that is mean, median and mode.

Mean is the average value of given discrete data.Median is the middle value when the data is sorted in ascending or descending order.Mode is the value that has highest frequency.

Therefore, Statistics the correct answer.

To know more about statistics refer:https://brainly.com/question/10734660

#SPJ2

Help
Plz!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

angle G

sin inverse (21/29) = 46.4

GH

c^2 - b^2 = a^2

29^2 - 21^2 = a^2

a = √(29^2 - 21^2)

GH = 20

therefore ans is B) <G = 46.4º, <I = 43.6º, GH = 20

Write a 6-digit number that fits the description.

1. The value of its thousands digit is 5,000.
2. The value of its hundreds digit is 700.
3. Its tens digit is 2 less than the thousands digit.
4. Its hundred thousands digit is the same as the hundreds digit.

The number is?​

Answers

Answer:

175731 is one of the answers of the 6 digit number

some others are:

275732

375733

475734

575735

675735

775734

875732

The 6-digit number is 175731.

What is the place value strategy?

The place value strategies are defined as math strategies that use to assist you in resolving your elementary math problems, use your places values, such as tens and hundreds. It is possible to employ enlarged notation or compensation. Using regrouping techniques, you can make the problem easier by compensating for addition.

Let the number would be ABCDEF

Given the condition that the value of its thousands of digits is 5,000.

So C = 5

Given the condition that the value of its hundreds of digits is 700.

So D = 7

Given the condition that Its tens digit is 2 less than the thousand digits.

So E = 5-2 = 3

Given the condition that Its hundred thousand digits is the same as the hundred digits.

So B = 7

Therefore, all possible answers:

275732

375733

475734

575735

675735

775734

875732

Hence, the 6-digit number is 175731

Learn more about the place value strategy here:

brainly.com/question/654419

#SPJ2

Put the following equation of a line into slope-intercept form, simplifying all fractions 2x-2y=14

Answers

Answer:

y = x - 7

Step-by-step explanation:

Answer: y = x - 7

Slope intercept form: y = mx + b

[tex]2x-2y=14\\\\-2y=-2x+14\\\\y=\frac{-2x+14}{-2} =\frac{-2(x-7)}{-2} =x-7[/tex]

PLEASE HELP THIS IS DUE ASAP (answer in decimal!!!!)

Answers

Your answer should be 0.14

Please help‼️
Given O below, if XY and YZ are congruent, what is the measure of chord XY?

Answers

Answer:

11.2

Step-by-step explanation:

yz = 11.2

since the corresponding arc of yz and xy are same, their measures will ba same too

Answered by GAUTHMATH

Answer:

11.2

Step-by-step explanation:

good luck!

What is the measure of the angle in red?
70°

Answers

Answer:

See pic below.

Answer: C. 380°

Step-by-step explanation:

Given the formula A = 5h (B + b); solve for B.
2

Answers

Answer:

A=5h(B+b)

A/5h=B+b

A/5h - b= B

The sum of two numbers is 41. The larger number is 17 more than the smaller number. What are the numbers?
Larger number:
Smaller number:

Answers

Let x = the larger number
Let x - 17 = the smaller number
x + x + 17 = 41
2x + 17 = 41
2x = 58
x = 29
x - 17 = 29 - 17 = 12

Please help me solve the question...

Answers

Answer:

All of area is πr²

Step-by-step explanation:

and we should write the area kind of radian. So if all area is π*(12)²= 144π - this for 360°- and 240° is 96π

but we must add area of the triangle which has two same side and has 6 high so it's area is 6*12√3/2 = 36✓3

our answer is 96π+ 36✓3

The sum of 'n' terms of an arithmetic sequence is 4n^2+3n. What is the first term, the common difference, and the sequence?

Answers

Answer:

The sequence has first term 7 and common difference is 8.

So the sequence is f(n)=7 + 8(n-1)

Step-by-step explanation:

Let a be the first term.

Let a+d be the second term where d is the common difference.

Then a+2d is the third....

And a+(n-1)d is the nth term.

Adding these terms we get:

an+(n-1)(n)/2×d

For the first term of this sum I seen we had n amount of a's and for the second term I used the well known identity sum of the first n positive integers is n(n+1)/2.

Let's simplify:

an+(n-1)(n)/2×d

Distribute:

an+(n^2d/2)-(nd/2)

Find common denominator:

(2an/2)+(n^2d/2)-(nd/2)

Combine terms into one:

(2an+n^2d-nd)/2

Reorder terms:

(n^2d+2an-nd)/2

Regroup terms:

(n^2d+(2a-d)n)/2

We want the following sum though:

4n^2+3n

This means d/2=4 (so d=8) and (2a-d)/2=3.

So plug d=8 into second equation to solve for a.

(2a-8)/2=3

2a-8=6

2a=14

a=7

The sequence has first term 7 and common difference is 8.

So the sequence is f(n)=7 + 8(n-1).

Joes bait shop brought in a gross profit in sales of $4,100.00 in the month of June. During the same month their operating expenses totaled $1990.00. Calculate the net income of the bait shop for the month of June

Answers

Answer:

2110

Step-by-step explanation:

4100-1990=2110

Given the linear function f(x) 2/3x + 6 evaluate f(-6)

Answers

the answer is on the photo

i provided the question

Answers

Answer:

(0, 3)

Step-by-step explanation:

y = 3 is the horizontal tangent to y = x^2+3, and passes the parobala at (0, 3)

Plz answer asap question in picture

Answers

Answer:

-1 <x < 7

(-1,7)

Step-by-step explanation:

open circle on the left means the number is greater than

-1 <x

Open circle on the right means the number is less than

x < 7

Since both statements are true. we combine them

-1 <x < 7

open circles means parentheses, closed circles mean brackets

15. Five boys went to see the CIRCUS. Four of them had Rs.5 each and the fifth boy had Re.1 more than the entrance ticket price. IF with the whole amount (which the 5 boys had), the boys were able to just buy the entrance ticket for all the 5, cost of the entrance ticket per person was​

Answers

Answer:

20+(x+1) = 5x

x=21/4

x= 5.25

The entrance ticket per person can be calculated using algebraic equation. We have create the algebraic expression as per the question.

The entrance ticket per person is Rs. 5.25.

Given:

Total boys are 5

4 boys has 5 rupee each so total rupee are [tex]=5\times 4=20[/tex].

Let the entrance ticket per boy is [tex]x[/tex].

One boy had 1 rupee more than entrance ticket [tex](x+1)[/tex].

Write the algebraic expression to calculate the entrance ticket per person.

[tex]5x=20+(x+1)\\5x=20+x+1\\5x-x=20+1\\4x=21\\x=5.25[/tex]

Thus, the entrance ticket per person is Rs. 5.25.

Learn more about algebraic expression here:

https://brainly.com/question/953809

Find the function G defined by G(x) =5x+3 find G(-1)

Answers

Answer:

G(-1) = -2

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right

Algebra I

Functions

Function Notation

Step-by-step explanation:

Step 1: Define

Identify

G(x) = 5x + 3

Step 2: Evaluate

Substitute in x [Function G(x)]:                                                                         G(-1) = 5(-1) + 3Multiply:                                                                                                             G(-1) = -5 + 3Add:                                                                                                                   G(-1) = -2

Answer:

G = -2

Step-by-step explanation:

Plug in -1 for x.

5(-1) + 3

-5 + 3

-2

G = -2

simplify 7-(3n+6)+10n​

Answers

Answer:

1 + 7n

Step-by-step explanation:

7-(3n+6)+10n​

7 - 3n - 6 + 10 n

1 - 7n

Answered by Gauthmath

What is 1.25 x 10^8 in standard form?

Answers

Answer:

125000000

Step-by-step explanation:

1.25 x 10^8

Move the decimal 8 places to the right

1.25

We can move it two places

125

We need to add 6 more zeros

125000000

Answer: 125,000,000

Step-by-step explanation:

Select the correct answer.
Given the following formula, solve for l.



A.

B.

C.

D.

Answers

Please rewrite the question or add a picture for it

Answer:

c

Step-by-step explanation:

took the test so i assume its this question

Which of the following shows the extraneous solution to the logarithmic equation below?

2 log Subscript 5 Baseline (x + 1) = 2

Answers

Answer:

x=4

Step-by-step explanation:

log5(x+1)=1, (x+1)=5, x=4

Answer:

x= -6

Step-by-step explanation:

i got it wrong and the answer is -6

Suppose the volume of the cone is 324pi Find dy/dx when x=6 and y=27

Answers

Answer:

[tex]\displaystyle \frac{dy}{dx} \bigg| \limits_{x = 6} = -9[/tex]

General Formulas and Concepts:

Pre-Algebra

Order of Operations: BPEMDAS

Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to Right  

Equality Properties

Multiplication Property of Equality Division Property of Equality Addition Property of Equality Subtraction Property of Equality

Calculus

Differentiation

DerivativesDerivative Notation

Basic Power Rule:

f(x) = cxⁿf’(x) = c·nxⁿ⁻¹

Derivative Rule [Quotient Rule]:                                                                           [tex]\displaystyle \frac{d}{dx} [\frac{f(x)}{g(x)} ]=\frac{g(x)f'(x)-g'(x)f(x)}{g^2(x)}[/tex]

Step-by-step explanation:

Step 1: Define

Identify

[tex]\displaystyle V = \frac{1}{3} \pi x^2y[/tex]

[tex]\displaystyle V = 324 \pi[/tex]

[tex]\displaystyle x = 6[/tex]

[tex]\displaystyle y = 27[/tex]

Step 2: Differentiate

Substitute in volume [Volume Formula]:                                                     [tex]\displaystyle 324 \pi = \frac{1}{3} \pi x^2y[/tex][Equality Properties] Rewrite:                                                                        [tex]\displaystyle y = \frac{972}{x^2}[/tex]Quotient Rule:                                                                                               [tex]\displaystyle \frac{dy}{dx} = \frac{(972)'x^2 - (x^2)'972}{(x^2)^2}[/tex]Basic Power Rule:                                                                                         [tex]\displaystyle \frac{dy}{dx} = \frac{0x^2 - (2x)972}{(x^2)^2}[/tex]Simplify:                                                                                                         [tex]\displaystyle \frac{dy}{dx} = \frac{-1944x}{x^4}[/tex]Simplify:                                                                                                         [tex]\displaystyle \frac{dy}{dx} = \frac{-1944}{x^3}[/tex]

Step 3: Evaluate

Substitute in variables [Derivative]:                                                             [tex]\displaystyle \frac{dy}{dx} \bigg| \limits_{x = 6} = \frac{-1944}{6^3}[/tex]Simplify:                                                                                                         [tex]\displaystyle \frac{dy}{dx} \bigg| \limits_{x = 6} = -9[/tex]

Topic: AP Calculus AB/BC (Calculus I/I + II)

Unit: Differentiation


Write an equation in slope-intercept form for the line with slope -3/2
and y-intercept 5.

Answers

Answer: y = -3/2x + 5

Step-by-step explanation:

Slope-intercept form: y = mx + b

m = slope = -3/2b = y-intercept = 5

y = -3/2x + 5

Answer:

y = -3/2x + 5 totally

Step-by-step explanation:

A one lane highway runs through a tunnel in the shape of one half a sine curve cycle

Answers

The sine curve equation, y = 10·sin(x·π/24), that models the entrance of the

tunnel with a cross section that is the shape of half of a sine curve and the

height of the tunnel at the edge of the road, (approximately 7.07 ft.) are

found by applying the following steps

(a) The equation for the sine curve is y = 10·sin(x·π/24)

(b) The height of the tunnel at the edge of the road is approximately 7.07 feet

The reason for the above answers are presented as follows;

(a) From a similar question posted online, the missing part of the question

is, what is the height of the tunnel at the edge of the road

The known parameters;

The shape of the tunnel = One-half sine curve cycle

The height of the road at its highest point = 10 ft.

The opening of the tunnel at road level = 24 ft.

The unknown parameter;

The equation of the sine curve that fits the opening

Method;

Model the sine curve equation of the tunnel using the general equation of a sine curve;

The general equation of a sine curve is y = A·sin(B·(x - C) + D

Where;

y = The height at point x

A = The amplitude = The distance from the centerline of the sine wave to the top of a crest

Therefore;

The amplitude, A = The height of half the sine wave = The height of the tunnel = 10 ft.

D = 0, C = 0 (The origin, (0, 0) is on the left end, which is the central line)

The period is the distance between successive points where the curve passes through the center line while rising to a crest

Therefore

The period, T = 2·π/B = 2 × Opening at the road level = 2 × 24 ft. = 48 ft.

T = 48 ft.

We get;

48 = 2·π/B

B = 2·π/48 = π/24

By plugging in the values for A, B, C, and D, we get;

y = 10·sin((π/24)·(x - 0) + 0 = 10·sin(x·π/24)

The equation of the sine curve that fits the opening is y = 10·sin(x·π/24)

(b) The height of the tunnel at the edge of the road is given by substituting

the value of x at the edge of the road into the equation for the sine curve

as  follows;

The width of the shoulders = 6 feet

∴ At the edge of the road, x = 0 + 6ft = 6 ft., and 6 ft. + 12 ft. = 18 ft.

Therefore, we get;

y = 10 × sin(6·π/24) = 10 × sin(π/4) = 5×√2

y = 10 × sin(18·π/24) = 10 × sin(3·π/4) = 5×√2

The height of the, y, tunnel at the edge of the road where, x = 6, and 18 is y = 5·√2 feet ≈ 7.07 ft.

Learn more about the sine curve here;

https://brainly.com/question/3827606

If (x+2) is a Factor x^3 + 2x^2 + 2x + k then find the value of K.​

Answers

Answer:

4

Step-by-step explanation:

if x+2 is a factor of the above expression then,

x=-2

so putting the value of x in above expression we get,

(-2)^3+2×(-2)^2+2×(-2)+k=0

or,-8+8-4+k=0

k=4

Answer:

Step-by-step explanation:

If (x + 2) is a factor of a polynomial then ( - 2 ) is the zero of that polynomial ⇒ ( - 2 )³ + 2( - 2 )² + 2( - 2 ) + k = 0 ⇒ k = - 4

What is the common ratio for this geometric sequence?
27, 9, 3, 1, ...

Answers

Answer:

1/3

Step-by-step explanation:

common ratio is

9÷27=1/3

3÷9=1/3

1÷3=1/3

therefore common ratio is 1/3

Answer: 1/3

Step-by-step explanation:

Let us confirm that this is a geometric sequence. 9/27 = 1/3 and 3/9 = 1/3. Thus, the common ratio is 1/3.

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