You want to buy a $203,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the rest. or a) How much is the loan amount going to be? $ b) What will your monthly payments be if the interest rate is 6%? $ c) What will your monthly payments be if the interest rate is 7%?​

Answers

Answer 1

Answer:

The amount of the loan is going to be $ 182,700, and the monthly payments, if the interest is 6%, are going to be $ 537.95, while if the interest is 7%, are going to be $ 543.02.

Step-by-step explanation:

Given that you want to buy a $ 203,000 home, and you plan to pay 10% as a down payment, and take out a 30 year loan for the rest, for A) determine how much is the loan amount going to be, B) determine what will your monthly payments be if the interest rate is 6%, and C) determine what will your monthly payments be if the interest rate is 7%, the following calculations must be made:

A) 100 - 10 = 90

203,000 x 0.90 = X

182,700 = X

B) (182,700 x 1.06) / (30 x 12) = X

193,662 / 360 = X

537.95 = X

C) (182,700 x 1.07) / (30 x 12) = X

195,489 / 360 = X

543.025 = X

Therefore, the amount of the loan is going to be $ 182,700, and the monthly payments, if the interest is 6%, are going to be $ 537.95, while if the interest is 7%, are going to be $ 543.02.


Related Questions

what is the range of the funcion y=x^2

Answers

Answer:

Range = [0, infinity)

Step-by-step explanation:

Minimum point of the graph is at (0,0) and it is a u shaped graph. Hence, range is 0 inclusive to infinity

The range of the function y = x2 is all real numbers, y, such that y ≥ 0. In the case of the function y = x2, the domain consists of all real

Help please I don’t get may I please have help with this

Answers

Answer:

[tex]1)\:2\frac{2}{3} ft[/tex]

[tex]2)\:4[/tex]

[tex]3)\:\frac{20}{3} ft^{2}[/tex]

[tex]4)\:10\frac{2}{3} ft^{2}[/tex]

------------------------

hope it helps...

have a great day!!

Use the P (A + B) = P (A) x P (B) rule to find the probability of system failure. Let A and B be the events that the first alarm and second alarm, respectively, fail. Do you get the same answer you did in the earlier question?

Answers

Answer:

answer is in the pic Mark me brainliest plz

Step-by-step explanation:

Answer:

The probability of the first alarm failing is  (1 - 0.8) = 0.2

The probability of the second alarm failing is (1−0.9)=0.1.

Using the multiplication rule (since A and B are independent), the probability of failure is 0.2 * 0.1 = 0.02

Step-by-step explanation:

Factor completely 4x2 − 8x + 4.

Answers

Given :-

4x² - 8x - 4 .

To Find :-

To find the factorised form .

Answer :-

Taking the given expression,

→ 4x² - 8x + 4

→ 4x² - 4x -4x + 4

→ 4x ( x - 1 ) -4( x -1)

→ (4x - 4)(x-1)

Hence the required answer is (4x - 4)( x - 1) .

Suppose X and Y are two independent exponential variables. The mean of X is twice the mean of Y. If the probability of X exceeding 50 is 0.7788, what is the probability of Y exceeding 40

Answers

If X ~ Exponential(µ), then the mean of X is 1/µ. So if the mean of X is twice the mean of Y, then the mean of Y is 1/(2µ), so that Y ~ Exponential(2µ).

We're given that

P(X > 50) = 1 - P(X ≤ 50) = 1 - Fx (50) ≈ 0.7788

==>   Fx (50) = P(X ≤ 50) ≈ 0.2212

where Fx is the CDF of X, which is given for 0 ≤ x < ∞ to be

Fx (x) = 1 - exp(-µx)

Solve for µ :

1 - exp(-50µ) ≈ 0.2212   ==>   µ ≈ -ln(0.7788)/50 ≈ 0.005

Then we have

P (Y > 40) = 1 - P (Y ≤ 40) = 1 - Fy (40)

where Fy is the CDF of Y,

Fy (y) = 1 - exp(-2µy)

so that

P (Y > 40) ≈ 1 - exp(-2 × 0.005 × 40) ≈ 0.3297

What is the effect of X on Y?

Answers

Answer:

GMM,pooled OLC,even cross country OLC are most variables not difficult panel data analysis

Suppose that two balanced, six sided dice are tossed repeatedly and the sum of the two uppermost faces is determined on each toss. (a) What is the probability that we obtain a sum of 3 before we obtain a sum of 7

Answers

Answer:

[tex]\frac{(2/36)}{(1-(28/36))} = 1/4[/tex]

Step-by-step explanation:

Type the correct answer in each box. The volume of a cube is given by and the total surface area of a cube is given by , where s is the side length of the cube. If the side length of a cube is 5 inches , the volume of the cube is ____ cubic inches and its total surface area is ____ square inches.

Answers

Answer:

hope this will help you a lot

Graph the line that represents this equation:
y = -5.1 +2

Answers

That's for the equation I got from the picture

What is the appropriate measure of angle B?

Answers

Answer:

36.87

Step-by-step explanation:

sin(b)/12 = .05

arcsin(.6) = 36.87

a student takes two subjects A and B. Know that the probability of passing subjects A and B is 0.8 and 0.7 respectively. If you have passed subject A, the probability of passing subject B is 0.8. Find the probability that the student passes both subjects? Find the probability that the student passes at least one of the two subjects

Answers

Answer:

0.64 = 64% probability that the student passes both subjects.

0.86 = 86% probability that the student passes at least one of the two subjects

Step-by-step explanation:

Conditional Probability

We use the conditional probability formula to solve this question. It is

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

In which

P(B|A) is the probability of event B happening, given that A happened.

[tex]P(A \cap B)[/tex] is the probability of both A and B happening.

P(A) is the probability of A happening.

In this question:

Event A: Passing subject A

Event B: Passing subject B

The probability of passing subject A is 0.8.

This means that [tex]P(A) = 0.8[/tex]

If you have passed subject A, the probability of passing subject B is 0.8.

This means that [tex]P(B|A) = 0.8[/tex]

Find the probability that the student passes both subjects?

This is [tex]P(A \cap B)[/tex]. So

[tex]P(B|A) = \frac{P(A \cap B)}{P(A)}[/tex]

[tex]P(A \cap B) = P(B|A)P(A) = 0.8*0.8 = 0.64[/tex]

0.64 = 64% probability that the student passes both subjects.

Find the probability that the student passes at least one of the two subjects

This is:

[tex]p = P(A) + P(B) - P(A \cap B)[/tex]

Considering [tex]P(B) = 0.7[/tex], we have that:

[tex]p = P(A) + P(B) - P(A \cap B) = 0.8 + 0.7 - 0.64 = 0.86[/tex]

0.86 = 86% probability that the student passes at least one of the two subjects

The number of runners in the London Marathon on 25th April, 2010 was 37 527.

Work out an estimate for the number of these runners whose birthday was on that day.

Answers

Answer:

Hi 34

Step-by-step explanation:

Hi

The functions f (x) = 1/2x-3 and g(x) = -2x+ 2 intersect
at x = -2. True or false?

Answers

9514 1404 393

Answer:

  False

Step-by-step explanation:

f(-2) = (1/2)(-2) -3 = -1 -3 = -4

g(-2) = -2(-2) +2 = 4 +2 = 6

The function values are not the same at x=-2, so the graphs do not intersect there.

__

The graphs intersect at x=2.

The diameters of bolts produced in a machine shop are normally distributed with a mean of 5.8 millimeters and a standard deviation of 0.07 millimeters. Find the two diameters that separate the top 8% and the bottom 8%. These diameters could serve as limits used to identify which bolts should be rejected. Round your answer to the nearest hundredth, if necessary.

Answers

Answer:

5.70 < X < 5.89

Step-by-step explanation:

Z = ±1.40507156

z = (x - μ)/σ

1.40507156 = (x - 5.8)/.07

5.70 < X < 5.89

In a particular year, the mean score on the ACT test was 22.5 and the standard deviation was 5.3. The mean score on the SAT mathematics test was 526 and the standard deviation was 101. The distributions of both scores were approximately bell-shaped. Round the answers to at least two decimal places.

Answers

Question is incomplete ; The questions solved were picked from similar questions but different parameters. However, the solution pattern are exactly the same.

Answer:

- 0.0943

- 0.386

30.185

Step-by-step explanation:

Given :

ACT:

Mean score, m = 22.5

Standard deviation, σ = 5.3

SAT :

Mean score, m = 526

Standard deviation, σ = 101

1.)

Zscore for ACT score of 22:

Since the distribution is normal ; we use the relation ;

Zscore = (score - mean) / standard deviation

Score = 22

Zscore = (22 - 22.5) / 5.3 = - 0.0943

B.)

Zscore for SAT of 487

Zscore = (score - mean) / standard deviation

Score = 487

Zscore = (487 - 526) / 101 = - 0.386

C.)

ACT score, for ACT Zscore of 1.45

Zscore = (score - mean) / standard deviation

ZScore = 1.45

1.45 = (score - 22.5) / 5.3

1.45 * 5.3 = (score - 22.5)

7.685 = score - 22.5

Score = 7.685 + 22.5

Score = 30.185

Which of these professionals most directly uses geometry? Choose the best answer

Answers

Answer:

- Surveyors

- developers of the GPS system

Step-by-step explanation:

What is the level of measurement for ​"year of birth​"?

Answers

interval level of mesurement

Answer:

interval?

Step-by-step explanation:

I'm not sure. I think so....hope its correct :)

which multiple choice answer is correct?
A, B, C or D?

Answers

Answer:

C

Step-by-step explanation:

ABD and CDB are both half of ABC

m∠ABD = m∠CBD

Because BD is the bisector of ∠ABC, so it divides it into 2 equal parts.

જ્યારે જહાંગીરની ઉંમર 18 વર્ષ થશે ત્યારે અકબરની ઉંમર 50 વર્ષ થર્શ.
જ્યારે અકબરની ઉંમર જહાંગીરની ઉંમર કરતા 5 ઘણી હશે ત્યારે
અકબરની ઉમર કેટલી હશે?
A) 36
B) 40
C) 44
D) 48

Answers

Answer:

C: 44

Step-by-step explanation:

The weight gain of beef steers were measured over a 140 day test period. the average daily gains (lb/day) of 10 steers on the same diet were as follows. The tenth steer had a weight gain of 4.02 lb/day.
3.89 3.51 3.97 3.31 3.21 3.36 3.67 3.24 3.27
determine the mean and median.

Answers

Answer:

[tex]\bar x = 3.545[/tex]

[tex]Median = 3.435[/tex]

Step-by-step explanation:

Given

[tex]x:3.89, 3.51, 3.97, 3.31, 3.21, 3.36, 3.67, 3.24, 3.27[/tex]

[tex]10th: 4.02[/tex]

Solving (a): The mean

This is calculated as:

[tex]\bar x = \frac{\sum x}{n}[/tex]

So, we have:

[tex]\bar x = \frac{3.89 +3.51 +3.97 +3.31 +3.21 +3.36 +3.67 +3.24 +3.27+4.02}{10}[/tex]

[tex]\bar x = \frac{35.45}{10}[/tex]

[tex]\bar x = 3.545[/tex]

Solving (b): The median

First, we sort the data; as follows:

[tex]3.21, 3.24, 3.27, 3.31, 3.36, 3.51, 3.67, 3.89, 3.97, 4.02[/tex]

[tex]n = 10[/tex]

So, the median position is:

[tex]Median = \frac{n + 1}{2}th[/tex]

[tex]Median = \frac{10 + 1}{2}th[/tex]

[tex]Median = \frac{11}{2}th[/tex]

[tex]Median = 5.5th[/tex]

This means that the median is the average of the 5th and 6th item

[tex]Median = \frac{3.36 + 3.51}{2}[/tex]

[tex]Median = \frac{6.87}{2}[/tex]

[tex]Median = 3.435[/tex]

A group of 40 bowlers showed that their average score was 192. Assume the population standard deviation is 8. Find the 95% confidence interval of the mean score of all bowlers.

Answers

Answer:

[tex]CI=189.5,194.5[/tex]

Step-by-step explanation:

From the question we are told that:

Sample size [tex]n=40[/tex]

Mean [tex]\=x =192[/tex]

Standard deviation[tex]\sigma=8[/tex]

Significance Level [tex]\alpha=0.05[/tex]

From table

Critical Value of [tex]Z=1.96[/tex]

Generally the equation for momentum is mathematically given by

 [tex]CI =\=x \pm z_(a/2) \frac{\sigma}{\sqrt{n}}[/tex]

 [tex]CI =192 \pm 1.96 \frac{8}{\sqrt{40}}[/tex]

 [tex]CI=192 \pm 2.479[/tex]

 [tex]CI=189.5,194.5[/tex]

Which rule describes the composition of transformations that maps ABC to A”B’C”

Answers

it was a reflection over the y axis and then a rotation keeping the b point the same

find the angle between following linesroot 3x-y=2,x-root 3y=7

Answers

Answer:

where I find? where is the directions

the admission fee for a charity event is $7 for children and 10$ for adults. The event was attended by 700 people, and the total amount collected in admissions was $6,400.

Answers

Answer:

200 kids and 500 adults

Step-by-step explanation:

x+y=700

7x+10y=6,400

(200,500)

kids=200

adults=500

Type the standard form of "three thousand four hundred eight."
The solution is

Answers

Answer:

the standard form of "three thousand four hundred eight is

3408

hope it is helpful to you ☺️

In standard form we can write 3408 as 3.408 x [tex]10^{3}[/tex].

We have the following statement - three thousand four hundred eight

We have to write it in standard form.

What do you understand by Standard form of a Number ?

A number when expressed as a decimal number, between 1 and 10, multiplied by a power of 10, is said to be in standard form.

According to the question, we have -

three thousand four hundred eight.

In the digit form, we can write it as - 3408.

In Standard form, we can write it as -

3408 = 3.408 x [tex]10^{3}[/tex]

Hence, in standard form we can write 3408 as 3.408 x [tex]10^{3}[/tex].

To solve more questions on Standard form, visit the link below -

https://brainly.com/question/17136267

#SPJ2

A committee raised 7/9 of their target goal last year and another 1/9 of the goal this year. What fraction of their goal has been raised

Answers

First, find 40% of 3,000:

0.40 * 3000 = 1200

So they raised 1200 so far.

Now subtract 1200 from the total they want to raise:

3000 - 1200 = 1800

So they need $1,800 more to meet their goal.

Answer:

8iriiruruj

Step-by-step explanation:

u4u the UK. We have a good idea to advertise the UK. I have been a

Find the mean of the following data set.

8, 5, 15, 12, 10

A. 12.5
B. 10
C. 14
D. 50

Answers

Answer:

10

Step-by-step explanation:

the sum of 8,5,15,12,10 is 50 and there are 5 numbers so 50 divided by 5 is 10 and it's mean is also 10

hope this helps !

The answer is B/10 trust

Divide the following quantities in the following ratios £100 1:3

Answers

The answer is 25:75….

Which is the graph of f(x) = 4(1/2)^x

Answers

Answer:

B.

Step-by-step explanation:

f(x) = 4(1/2)^x

Let's find the value of the function for x = 0 and for x = 1.

f(0) = 4(1/2)^0 = 4(1) = 4

f(1) = 4(1/2)^1 = 4(1/2) = 2

The only graph that has both points (0, 4) and (1, 2) is the second graph.

Answer: B.

The solution to the equation x3 = 125 is: 5 -5 ±5

Answers

Answer:

x=5

Step-by-step explanation:

x^3 = 125

Take the cubed root of each side

x^3 ^ (1/3) = 125 ^ (1/3)

x = 5

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