Mathematics High School

Marlin obtains a 20/6 balloon mortgage to finance $305,500 at 5.75%. How much principal and interest will he have already paid when his

balloon payment is due?

$188,267.86

$152,285.77

$154,430.64

$249,256.48

Answers

Answer 1

Answer:

$154,430.64

Step-by-step explanation:

The first step is for us to determine the monthly payment as follows:

Mortgage amount can be found as the present value of all monthly payments, hence, using the formula below we can determine monthly payment as follows:

mortgage amount=monthly payment*(1-(1+r)^-n/r

mortgage amount=$305,500

monthly payment is unknown

r=monthly interest rate=5.75%/12=0.4791667%

n=number of monthly payments in 20years=20*12=240

305,500=monthly payment*(1-(1+0.4791667% )^-240/0.4791667%

305,500=monthly payment*(1-0.31750756 )/0.0047916670

305,500=monthly payment*0.68249244 /0.0047916670

monthly payment=305,500*0.0047916670 /0.68249244

monthly payment=$2,144.87  

Number of months that payments have been made=6*12=72

total paid=$2,144.87*72

total paid for 6 years=$ 154,430.64  

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Answer:

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Answers

Answer:

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Step-by-step explanation:

3.
Susan has a balance of $110 in her school lunch account, and she spends $6 per day for
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Answer:

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I think that is correct !!

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Answers

Answer:

-55

Step-by-step explanation:

7x-6y=2

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by substitution method

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Answers

Answer: 10 (ten) is an even number

following 9 and preceding 11

Step-by-step explanation:

2, 8, 9, 20, 22, 25, 5
Mean ??
Mode ??
Median ??

Answers

Answer:

the mean is the sum of them all divided by the number of terms.

mean: 13

the mode is the element that occurs MOST in the data set.

mode: none

the median  is the middle value of all of the numbers.

median: 9

Answer:

Step-by-step explanation:

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Mode:no mode

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Answers

Answer:

1. x = 10 , y = 2

Step-by-step explanation:

hope it helps ☺️

(PLEASE HELP ME I BEG OF YOU)
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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

70+50=120

180-120=60


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Answers

Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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Answers

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Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

Answer:

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Step-by-step explanation:

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A fish is 12 Meters below the surface of the ocean. What is the elevation it is -12

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Answers

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Answers

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Answers

Answer:

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

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Answers

Answer:

Step-by-step explanation:

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Answers

Answer:

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Step-by-step explanation:

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剪水門鐺活成菇函驗啊卜蠍蠍蠍蠍數蠍中金白白白白白白白白白自

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Answers

Answer:

In my looks its c!

Step-by-step explanation:

Answer:

D

Step-by-step explanation:

The  arrow pointing up is longer than the others.

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Answers

Answer:

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Step-by-step explanation:

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Answers

Answer:

2i - (-3 + i)

Step-by-step explanation:

I think this is it. Sorry if it's wrong

Answer:

7 -3i

Step-by-step explanation:

Simplify by combining the real and imaginary parts of each expression

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Answers

Answer:

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Step-by-step explanation:

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Answer :

Step-by-step explanation:

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Answers

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Step-by-step explanation:

Line segment DF ☺️

WILL GIVE BRAINLIEST!!!!!!
Your grandfather would like you to invest in his company. He guarantees that if you invest in the stock of his company you will earn 15% on you r money every year. If you invest $100 and your grandfather is right, how much money will you have after 20 years? Round to the nearest cent.

Answers

Answer:

i=0.099

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hope that helps

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Answer:

ok so i think it is i=0.099

Step-by-step explanation:

i took the test. the test said it was that answer so yea

PLEASE HELP. WILL GIVE BRAINLIEST AND WORTH 60 POINTS.

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Answers

Answer:

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Step-by-step explanation:

Q1.

y = -1/3x - 1x + 3y = -12

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x + 3(-1/3x - 1) = -12x - x - 3 = -12-3 = -12

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Q2

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No solution

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Answers

The answer would be 2.5

Answer:

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Step-by-step explanation:

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