Jim takes out a mortgage for 30 years at an interest rate of 2.49% and his monthly repayments are $986.50. What is the principal loan amount? Round your answer to the nearest ten thousand dollars. Do NOT round until you have calculated the final answer.

Answers

Answer 1

Answer:

250000

Step-by-step explanation:

P=986.50(1-(1+.0249/12)^-(12)(30) Then divide the answer you get by (.0249/12)

Answer 2

Answer: 250,000

Step-by-step explanation:

We must apply the formula for P0, that is,

P0=986.50(1−(1+0.024912)−30⋅12)(0.024912),

which gives P0=$250,000 to the nearest $1.


Related Questions

A survey was conducted to determine people's chocolate preferences. The results are shown on the circle graph. If 500 people were surveyed, how many more people preferred dark chocolate over milk chocolate? A.115 B.125 C.135 D.150

Answers

Answer

B . 125

Step-by-step explanation:

20% of 500 is 100

45% of 500 is 225

Simply subtract 100 from 225, and its 125, so 125 people.

Finish the first diagram so that it represents 4 × x= 15, and the second diagram so that it represents 4+y=15

Answers

Answer:

6

Step-by-step explanation:

The sum of two numbers is 9. If one number is subtracted from the​ other, the difference is −3. Find the two numbers.

Answers

Answer:

The numbers are 6 and 3

Step-by-step explanation:

Let the numbers be x and y

So their sum is x + y =9 (EQ. 1)

Their difference is x - y = -3 (EQ. 2)

Solve simultaneously using subtract method.

x-x=0, x is eliminated. y- -y = +2y since -x- is +.

so it is now 2y = 9- - 3:. 2y= 12; dividing both sides by 2. Y=6.

Substitute Y=6 in EQ 1 to find x.

So x + 6=9;. x=9-6 is achieved by collecting like terms. so x=3.

:. Y=6 and x=3. The numbers are 6 and 3

I think I was able to expantiate it well.

........................................................................................
Solve
........................................................................................

Answers

Answer:

10 - 15%

Step-by-step explanation:

Just guessing

Triangle ABC is graphed on the coordinate plane, as shown below.

Triangle ABC is dilated by a scale factor of 2 with
a center of dilation at the origin to create triangle
A’B’C’. What are the coordinates of the vertices
of triangle A’B’C’?

Answers

Answer:

I believe the answer would be D.

Answer:

D. (4,4), (8,8), (-8,4)

Step-by-step explanation:

We have A (2,2), B(4,4) and C (-4,2)

Dilation by factor of 2: (x,y) => (2x,2y)

A (2,2) => A'(4,4)

B(4,4) => B'(8,4)

C (-4,2) => C'(-8,4)

Scarlet went out to eat. Her food cost $25.50, and there was a 5% tax on the cost
of the meal. She planned to leave an 18% tip.

Answers

Step-by-step explanation:

cost =$25.50

=5%÷100=0.05

=25.50×0.05=1.275 +25.50=26.775

=4.8195 +26.775

=31.5945

Isabella needs to earn at least $300 a week during her summer break to pay for college. She works two jobs, one at a office
that pays $8 an hour and the other tutoring for $16 per hour.
Let x be the number of hours she works at the office and let y be the number of hours she works tutoring. Write an
inequality that models this situation.

Answers

Answer: 8x+16y _> 300

Step-by-step explanation:

Brainliest for correct answer.

Answers

Answer:

First option

V = π [tex]r^{2}[/tex] h

Answer:

the first one

Step-by-step explanation:

Daija wants trim 3.5centimetes from her hair how should she move the decimal point to convert this number to millimeters

Answers

9514 1404 393

Answer:

  right

Step-by-step explanation:

1.0 cm = 10. mm  . . . . . .  the decimal point is moved to the right

3.5 cm = 35. mm . . . . . . the decimal point is moved to the right

12 to 15
Help Gracias

Answers

Answer: 13, 14

Step-by-step explanation:

I counted

a1=-3, r= -3, n = 10

Answers

Answer:

N =10

Step-by-step explanation:

N = 10 A1=3
R=-3 hhhhhhhgh

Lee has three dollars. Chris has three dollars. Lee and Chris wants to but their mom a gift. The gift costs five dollars and fifty cents. A gift tags costs twenty-eight cents. Lee and Chris each want to pay and equal amount for the gift and tag. What do Lee and Chris each pay for the gift and tag?
(PLEASE HELPPP I'LL GIVE YOU A LOT OF POINTS!!!)

Answers

Answer:

well... at the end theyd both end up with a quarter, they both pay

Step-by-step explanation:

3.25

Answer: They each should pay $2.89

Step-by-step explanation: This is because if you add the price for the gift and the tag together you get $5.78 and then if you divide that by two then you get your answer.

3. Determine how many real solutions the quadratic equation has. x2 + 6x + 8
A. One solution
B. Two solutions
C. No solutions​

Answers

The answer is b two solutions
B is the correct answer

pleasee help me i’ll give you brainliest

Answers

Answer:

Step-by-step explanation:

its 4

Answer:

4

Step-by-step explanation:

4 ³ = 64

4 to the negative 2 = 0.0625

so 64× that is 4

Second term of a geometric series is , the limiting sum is 9.
Get the values of first term a and common ratio r.

Answers

Answer:

The answer is below

Step-by-step explanation:

Second term of a geometric series is 2, the limiting sum is 9.

Get the values of first term a and common ratio r.

Solution:

A geometric series is in the form:

a + ar + ar² + ar³ + . . . + arⁿ ⁻ ¹

Where a is the first term, n is the nth term and r is the second ratio.

Since the second term of the series is 2, hence:

ar⁽² ⁻ ¹⁾ = 2

ar = 2        (1)

Also, the limiting sum is 9, hence:

a/ (1 - r) = 9

a = 9 - 9r     (2)

Substitute a = 9 - 9r in eqn 1:

(9 - 9r)r = 2

9r - 9r² = 2

9r² - 9r + 2 = 0

9r² - 6r - 3r + 2 = 0

3r(3r - 2) -1(3r - 2) = 0

(3r - 1)(3r - 2) = 0

r = 1/3 or r = 2/3

When r = 1/3; a = 9 - 9r = 9 - 9(1/3) = 6

When r = 2/3; a = 9 - 9r = 9 - 9(2/3) =  3

YALL HEEEEELLLLPPPPP
Which expression is equal to 90 + 60 factored by the greatest common factor ? O A 3(30 + 20) B. 5(18 + 12) C. 10(9 + 6) D. 30(3 + 2) O E 60(1.5 + 1)​

Answers

Answer:

Step-by-step explanation:

I say D but not sure this time

Answer:The answer is d

Step-by-step explanation:

If you roll a 6-sided die 54 times, what is the best prediction possible for the number of times you will roll an odd number?

and leena comment under please

Answers

Answer:

9 times

Step-by-step explanation:

I took 54 and divided it by six and got nine

AB is a midsegment of trapezoid DEFG what is x?

Answers

Answer:

D. 2

Step-by-step explanation:

DEFG is a trapezoid and AB is its Midsegment.

Therefore,

[tex]AB =\frac{1}{2}(DG + EF) \\ \\ 12 = \frac{1}{2} (5x - 4 + 8x + 2) \\ \\ 12 \times 2= (13x - 2) \\ \\ 24 = 13x - 2 \\ \\ 24 + 2 = 13x \\ \\ 26 = 13x \\ \\ x = \frac{26}{13} \\ \\ x = 2[/tex]

Find the maximum power of 5 which can divide 49!

Answers

Answer:

10

Step-by-step explanation:

Hal and Renee play the following game: A bag has 14 tiles in it, , each with a letter from the phrase the probability on it. Hal and Renee take turns drawing a tile, recording the letter, and placing the tile back in the bag. Renee earns a point if she draws a vowel. Hal earns a point if he draws a consonant. They decide that the letter y can be a vowel or a consonant. Which statement best explains whether or not the game is fair?

A) The game is fair because both Hal and Renee will get a point if the letter y is drawn.

B) The game is not fair because the probability of Hal drawing a winning letter is more than the probability of Renee drawing a winning letter.

C) The game is fair because Hal and Renee have the same probability of drawing a winning letter.

D) The game is not fair because the probability of Hal drawing a winning letter is less than the probability of Renee drawing a winning letter.

(SOMEONE PLEASE HELP ME)

Answers

Answer:

B

Step-by-step explanation:

There are more consonants in the phrase than vowels so Hal has a better chance of pulling a winning letter. Also, before any tiles have been drawn, Hal has a 9/14 chance of pulling a winning tile while Renee has a 5/14 chance.

Option B is correct.

As given the bag has 14 tiles, each with a letter from the phrase the probability on it.

What is probability?

Probability is nothing but the ratio of number of favorable outcome and total number of outcomes.

Now,

As we know a phrase always consist of vowels and consonants and the number of consonants is always greater than vowels.

Therefore, Hal has better chance of pulling a willing letter. Also before any tiles have been drawn, so Hal has a 9/14 chance of pulling a winning tile while Renee has a 5/14 chance.

Hence, option B is the correct option.

To learn more about probability visit: https://brainly.in/question/20635873#

#SPJ2

Members of a baseball team raised $1717.75 to go to a tournament they rented a bus for 965.50 and budgeted $44.25 per player for meals determine the number of players the team can bring to the tournament

Answers

Answer:

17

Step-by-step explanation:

Answer:12

Step-by-step explanation:

Brooke solved the equation below:

6r = 72
6r − 6 = 72 − 6
r = 66

Is Brooke's solution correct? If the solution is incorrect, explain why it is incorrect and show the correct steps to solve the equation. (5 points)

Answers

Answer:

Incorrect because she was supposed to divide 6 on both sides to get the answer of 12.

Step-by-step explanation:

6r = 72

r = 72/6

r = 12

HELPPP ASAP!!

A warehouse worker is stacking boxes. The height of each box is 20 centimeters. She cannot stack the boxes higher than 5 feet.
1 inch 2.54 centimeters, 1 foot = 12 inches
What is the maximum number of boxes the warehouse worker can stack? Enter the answer in the box.
boxes

Answers

Answer:

I dont know can u explaining more its not clear too much

Laura runs 6 miles in 50 minutes. At the same rate,how many miles would she run in 35 minutes?

Answers

She can run about 4.2 miles.

50/6=8.3
34/8.3=4.2

Photo for the question I asked a few seconds ago please help

Answers

Answer:

9160.88

Step-by-step explanation:

Hope this helps and have a wonderful day!!!

Answer:

A≈9160.88

Step-by-step explanation:

A=πr^2=π·54^2≈9160.88418

In ALMN, the measure of ZN=90°, NL = 6.8 feet, and LM = 9.4 feet. Find the
measure of ZL to the nearest tenth of a degree.

Answers

Answer:

Step-by-step explanation:

The answer is 43.7

Answer:

43.7

Step-by-step explanation:

What is the value of the expression when b=4

Answers

It would be 2 since b=4

a city has 5 cm of snow on the ground before snow storm bonus no sign of the amount of snow on the ground increased by 2 cm in an hour which table shows a smaller 8 or change that When one describes ​

Answers

Answer:

yb

Step-by-step explanation:

In 2002, the average price of a new domestic car was $19,126. In 2008, the average price was $28,715. Based on a linear model, what is the predicted average price for 2014? Ston Down​

Answers

Answer:

The predicted average price for 2014 is of $38,304.

Step-by-step explanation:

Linear model:

In a linear model, the average price increases by the same amount during each period.

In 2002, the average price of a new domestic car was $19,126. In 2008, the average price was $28,715.

In a period of 6 years, the increase was of:

28715 - 19126 = $9,589

Based on a linear model, what is the predicted average price for 2014?

Another period of 6 years, so it will increase by 9589 more. Than

28715 + 9589 = 38304

The predicted average price for 2014 is of $38,304.

Explain why the two triangles below are similar by writing the appropriate similarity theorem. Then find x. Round your answer to the nearest tenth. (example answer ---> SSS,9.2 ---> no spaces)

Answers

Answer:

SSS Theorem

[tex]x = 35.7[/tex]

Step-by-step explanation:

Given

The attached triangle

Solving (a) The similarity theorem

The given sides of the triangle are similar.

In other words, they are similar by sides.

Hence, the theorem is: SSS

Solving (b): Find x

To find x, we make use of the following equivalent ratios.

[tex]\frac{14}{25} = \frac{14+6}{x}[/tex]

This gives:

[tex]\frac{14}{25} = \frac{20}{x}[/tex]

Cross multiply

[tex]14 * x = 20 * 25[/tex]

[tex]14 * x = 500[/tex]

Solve for x

[tex]x = \frac{500}{14}[/tex]

[tex]x = 35.7[/tex] -- approximated

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