A loan used for buying a home is called a mortgage. The Fortunato family is buying a $430,000 home. They are taking out a 30-year
mortgage at a rate of 8%.
a. Compute the monthly payment.
b. Find the total of all of the monthly payments for the 30 years.
c. What is the finance charge?
d. Which is greater, the interest or the original cost of the home?

Answers

Answer 1

Answer:

  a.  $3155.19

  b.  $1,135,868.40

  c.  $705,868.40

  d.  interest

Step-by-step explanation:

You want to find the monthly payment, total repaid, and finance charge on a 30-year mortgage for $430,000 at the rate of 8%.

a. Payment

You can use a spreadsheet, financial calculator, app, or the amortization formula to find the payment amount.

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where P is the principal amount of the loan, r is the annual interest rate, and t is the number of years.

  A = 430,000(0.08/12)/(1 -(1 +0.08/12)^(-12·30)) ≈ 3155.19

The monthly payment is $3,155.19.

b. Total repaid

The total of the 12·30 = 360 payments is ...

  360 · $3155.19 = $1,135,868.40

It will take about $1,135,868.40 to pay off the loan.

c. Finance charge

The finance charge is the difference between the amount repaid and the original loan amount:

  $1135868.40 -430000 = $705,868.40

The finance charge is $705,868.40.

d. Comparison

The finance charge at $706k is considerably greater than the original cost of the home, $430k.

The finance charge is greater.

A Loan Used For Buying A Home Is Called A Mortgage. The Fortunato Family Is Buying A $430,000 Home. They

Related Questions

Using the Weshcler IQ test, adults have IQ scores that are normally distributed with a mean of 100 and a standard deviation of 15. b) Find the score of an individual who is at the 85th percentile.​

Answers

The 85th percentile of a normal distribution is the score that is greater than or equal to 85% of the scores in the distribution. This means that the score at the 85th percentile is the same as the score that would be earned by the top 15% of individuals in the distribution.

To find the score at the 85th percentile, we can use the standard normal distribution table or use a calculator to find the z-score corresponding to the 85th percentile. The z-score is the number of standard deviations that a score is above or below the mean of the distribution.

Using a calculator or table, we find that the z-score corresponding to the 85th percentile is 1.04. Since the mean of the distribution is 100 and the standard deviation is 15, this means that the score at the 85th percentile is 100 + (1.04 * 15) = 120.4.

Therefore, the score of an individual who is at the 85th percentile on the Weshcler IQ test is 120.4.

Write the form of the partial fraction decomposition of the function (as in Example 4). Do not determine the numerical values of the coefficients.

Answers

The partial fraction decomposition of the function is given as follows:

A/x + B/x² + C/(5x² + 9) + D/(5x² + 9)².

How to obtain the partial fraction decomposition of the function?

The function in this problem is defined as follows:

(x^4 + x² + 1)/(x²(5x² + 9)²)

Then the partial fraction decomposition is built considering the terms of denominator, as follows:

x².(5x² + 9)².

When a term is elevated to a power, the terms with the lower powers also have to be considered. For example, for the denominator x², x is also considered, hence the denominators are given as follows:

x.x².5x² + 9.(5x² + 9)².

Then, considering the coefficients A, B, C and D, the partial fraction decomposition of the function is given as follows:

A/x + B/x² + C/(5x² + 9) + D/(5x² + 9)².

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a) By completing the tables of values to help you, plot the lines y=3 x and y=x+6 on your axes.
b) Use your diagram to find the solution to the simultaneous equations y=3 x and y=x+6.

Answers

The point (3, 9) is the point which satisfies both the equation.

What is an equation?

In arithmetic, an equation may be a formula that expresses the equality of 2 expressions, by connecting them with the sign =

Main body;

A)According to the given equation:

y = 3x  

y = 1 , x = 3

y = 2 , x = 6

y = 3 , x = 9

for the equation ,

y = x+6

y = 6 , x = 0

y = 5 , x = -1

y = 4 , x = -2

B) as y = 3x substitute it in other equation

3x = x+ 6

2x =6

x = 3

as y = 3x

y =3*3

y = 9

Hence ,point (3, 9) is the point which satisfies both the equation.

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please help me thank you so much

Answers

Answer: 2* (2w + w) = 60

Step-by-step explanation: I believe this is correct because to find the perimeter, we need to add both length and width, so this answer is the only one that expresses 2w + w being multiplied by 2 to get 60. I hope this helped.

Find the equation of the rational function f whose graph satisfies the conditions horizontal asymptote is y=0 vertical asymptote is x=-3 and contains the point (0,1)

Answers

A function assigns the values. The function is f(x) = (8x - 8)/(x² + 2x).

What is a Function?

A function transfers each element's value from one set to a particular element in another set.

There is a denominator and a numerator in a rational function.

The x-values that the function approaches but never reaches are known as vertical asymptotes. We can get the vertical asymptotes by setting the denominator to zero.

Since x=-2 and x=0 are the vertical asymptotes, our function's denominator will be x(x+2) = x2+2x.

Y values that the function approaches but never reaches are known as horizontal asymptotes. The degree of the numerator must be less than the degree of the denominator since the horizontal asymptote is y=0. Our numerator will be x - 1 because the x-intercept is equal to 1.

At this time, One can assume that the function is f(x) = (x - 1)/(x2+2x).

Next, we must apply the f(2)=1 condition. If we enter x=2, f(x) ought to be equal to 1. However, we must multiply the function's right side by a constant called C.

Then, the constraint f(2)=1 must be used. F(x) should be equal to 1 if we substitute x=2. The right side of the function must be multiplied by a constant C, though.

1 = C(2 - 1)/(2²+2(2))

Solve for C.

1 = C / 8\s8 = C

Consequently, the equation will be f(x) = [8(x - 1)] / [(x2 + 2x)].

f(x) = (8x - 8) / (x² + 2x)

Thus, f(x) = (8x - 8)/(x2 + 2x) is the function.

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4x -8y = 20
3x + 4y = 5
How can you eliminate the y-terms in this system?
4x-8y=20
3x + 4y = 5
Multiply by ?
2
3
4
5
on both sides.

Answers

multiply by 2 on the bottom one to eliminate 4y

17. Geometry The figure shown is a rectangle. The green shape in the figure is a square. The blue anc white shapes are rectangles, and the area of the blue rectangle is 24 square inches.
a. Write an expression for the area of the entire figure that includes an exponent. Then find the area.
b. Find the dimensions of the entire figure.

Answers

The expression for the area that includes an exponent is 6² + (6 × 2) + 24

Area of the entire figure is 72 square inches

The dimension of the entire figure is 9 inches by 8 inches

Calculating the area of a figure

From the question, we are to write an expression for the area of the entire figure

Area of the entire figure = Area of green shape + Area of white shape + Area of blue shape

Area of the entire figure = 6² + (6 × 2) + 24 square inches

The expression is 6² + (6 × 2) + 24

Thus,

Evaluating

Area of the entire figure = 6² + (6 × 2) + 24

Area of the entire figure = 36 + 12 + 24

Area of the entire figure = 72 square inches

b. The dimension of the entire figure

Width of the entire figure = Length of the green square + Width of the white rectangle

Width of the entire figure = 6 inches + 2 inches

Width of the entire figure = 8 inches

Then,

Length of the entire figure = Length of the white rectangle + Width of the blue rectangle

First, we will determine the width of the blue rectangle

Using the formula,

Area = l  × w

Where l is the length

and w is the width

24 = (2 + 6) × w

24 = 8 × w

w = 24/8

w = 3 inches

Therefore,

Length of the entire figure = 6 inches + 3 inches

Length of the entire figure = 9 inches

Hence, the dimension is 9 inches by 8 inches

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Solve the system. Nearest tenth accepted.
y=2
y=3/5x+4

Answers

The value of x for which the equation satisfies  is -10/3 .

What is an equation?

In arithmetic, an equation may be a formula that expresses the equality of 2 expressions, by connecting them with the sign =

Main Body:

According to the question:

y = 2

and ,

y = 3/5 x+4

to solve the equation , we need to substitute the value of y in other equation.

2 = 3/5 x +4

now take like terms to one side for solving,

2 - 4 = 3/5 x

   -2 = 3/5 x

multiplying by 5 on both sides,

-2 *5 = (3/5)*5x

  -10 = 3 x

     x = -10/3

Hence the value of x is -10/3.

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Suppose we want to choose 2 letters, without replacement, from the 4 letters A, B, C, and D.

Answers

The number of arrangements when the order is considered is 12, Number of ways when the order is not considered is 6.

Permutaions and combinations:

By choosing some items from a set and creating subsets, permutation and combination are two approaches to express a collection of things.

The act of placing every member of a set into a certain sequence or order is known as permutation.

The combination is a method of choosing things from a group in which (unlike permutations) the order of the choices is irrelevant.  

The formula for Permutations is given by

                     ⁿP[tex]_{r}[/tex] = (n!)/(n-r)!

The formula for Combinations is given by

                    [tex]_{n}[/tex]C[tex]_{r}[/tex] = (n!)/r!(n - r)!  

Here we have

4 letters A, B, C, and D  

We need to choose 2 letters from the given 4 letters  

When the order of the choices is taking consideration we use the formula of Permutations  

The number of ways of arrangements,  ⁴P₂ = (4!)/(4-2)!  

= [tex]\frac{4\times 3\times\ 2!}{2!}[/tex]  = [tex]4 \times 3[/tex]  = 12

When the order of the choices is not taking consideration we use the formula of Combinations

Number of ways of arrangements, ₄C₂ = (4!)/2!(4 - 2)!  

= [tex]\frac{4\times 3 \times \ 2!}{2! \times 2!}[/tex] = [tex]\frac{4\times 3 }{2 \times 1 }[/tex]  = [tex]2\times 3[/tex]  = 6  

Therefore,

The number of arrangements when the order is considered is 12, Number of ways when the order is not considered is 6.

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Question 9 of 25 Choose the equation that represents this situation. Use p to represent the price of a phone and to represent the total cost. An online business adds a $6 shipping fee to the price of each phone it sells. O A. t = 6p OB. t=p+6 O C. p=t+ 6 O D. t + p = 6​

Answers

Choose the equation that represents this situation.

Use p to represent the price of a phone and t to represent the total cost. An online business adds a $6 shipping fee to the price of each phone it sells.

A. t = 6p

B. t = p + 6

C. p = t + 6

D. t + p = 6​

Consider a circle whose equation is x2 + y2 – 2x – 8 = 0. Which statements are true? Select three options. The radius of the circle is 3 units. The center of the circle lies on the x-axis. The center of the circle lies on the y-axis. The standard form of the equation is (x – 1)² + y² = 3. The radius of this circle is the same as the radius of the circle whose equation is x² + y² = 9.

Answers

The circle's radius is the same as the radius of the circle whose equation is x2 + y2 = 9.

What is the equation of circle?

A circle's standard equation is written as:

x² + y² + 2gx + 2fy + C = 0

The radius of the center is (-g, -f) and radius = √g² + √f² - C

Given a circle with the equation,

x² + y² - 2x - 8 = 0

Find the circle's center.

2gx = -2x

2g = -2

g = -1

Likewise, 2fy = 0.

f = 0

(-(-1), 0) = Centre (1, 0)

This demonstrates that the circle's center is on the x-axis.

r = radius

= √g² + √f² - C

By substituting,

radius = √1² + 0² - (-8)

          =√9  

          = 3 units radius

The circle's radius is three units.

The radius of the circle x² + y² = 9 is written as:

r² = 9

radius = 3 units

As a result, the radius of this circle equals the radius of the circle whose equation is x² + y² = 9.

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If BC = 16.7 ft, what is AY?
Please helpppp

Answers

Answer:

16.7

Step-by-step explanation:

YX is similar to AX

XZ is similar to XB

so the triangle AXB is similar to YXZ thus AB is YC

The same goes for the rest of the triangles  (YAC and CBZ)

See image attached.

Write the equation of the line that passes through the points (8, 5) and (-8, 1). Put your answer in fully simplified point-slope form, unless it is a vertical or horizontal line.

Answers

Answer:

(y - 5) = 1/4 (x - 8)

Step-by-step explanation:

Point-slope form is written in the form:

(y - y) = m (x - x)

Where the two y's and two x's are from the points, and m is the slope. To write the equation, you'd plug your points into the equation and solve for m, the slope.

(1 - 5) = m (-8 - 8)

-4 = m (-16)

m = 4/16 = 1/4

Plug m into the point-slope form equation as well as one of your points, and you have an equation.

If α=.10 and β=.33, then the probability of rejecting the null when the alternative is true is ___.a. 0.10b. 0.90c. 0.33d. 0.67

Answers

The probability of rejecting the null when the alternative is true is d. 0.67

Given :

If α=.10 and β=.33, then the probability of rejecting the null when the alternative is true is .

Probability :

Probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event.

Null hypothesis :

A null hypothesis is a type of statistical hypothesis that proposes that no statistical significance exists in a set of given observations.

we know that ,

probability = 2 * 0.33 + 0.01

= 0.66 + 0.01

= 0.67

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An employee works at a spin casting machine in a cast iron pipe manufacturing company located
in Charlotte, NC. She has various noise exposures throughout her 8-hour shift. The employee is
currently wearing MSA ear muffs with an NRR of 18 dB.
You have been asked to evaluate her noise exposure and determine if the current hearing protection
provided adequately protects her. You have a type II sound level meter to take noise measurements.
You have set he meter on A scale - slow response. Because the spin casting operation produces wind currents you also are using a wind screen.
After interviewing the employee and taking noise measurements with the sound level meter over the shift you have determined the following about her noise exposures:

95 dBA – for 6 hours while the spin casting machine is spinning
94 dBA – for 1.5 hours while the machine is set up between spins
82 dBA – for 30 minutes while in the lunchroom during breaks
a) What is her TWA noise exposure in dBA over the 8-hour shift?
b) Is the hearing protection adequate?

Answers

Answer:

ijsjsjdjdjjejjeks she e nsjksid the Earth travels in around the sun 6.2 Seasonal changes 6.3 Plants and animals are

Step-by-step explanation:

www2 and I 3333333 uth the sun is a bit better now and the Sun 6.2 is better off the moon

Solve for y: . The solution is blank. The solution is 2(3y-4)=3(y-2/3)

Answers

Answer: y=2

Step-by-step explanation:

6y-8=3y-2

3y=6

y=2

Point E has the same y-coordinate as point D, but the x-coordinate of point E is the opposite of the x-coordinate of point D.

Answers

The coordinate of point D and point E will be (x, y) and (-x, y), respectively.

What is coordinate geometry?

Coordinate geometry is the study of geometry using the points in space. Using this, it is possible to find the distance between the points, the dividing line in the m:n ratio, finding the mid-point of the line, etc.

Let the coordinate of the point D be (x, y).

Point E has a similar y-coordinate as point D. Then the ordinate of the points will be the same.

And the x-direction of point E is something contrary to the x-direction of point D. Then the coordinate of point E will be (-x, y).

The coordinate of point D and point E will be (x, y) and (-x, y), respectively.

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QR is a midsegment of triangle WUV. What is the length of segment QR?

Answers

The length of segment QR is 8 units.

What is the mid-point segment of the triangle?

The midpoint of a line segment is known as the midpoint in geometry. It is the centroid of the segment and of the ends, and it is equally distant from both of them. It cuts the section in half.

We have,

In ΔWUV

UV = 16 units

A line segment that connects two midpoints of the sides of a triangle is called a midsegment.

Mid-point segment of the triangle:

QR = 1/2(UV)         .............(1)

QR = 1/2(16)

QR = 8

Hence, the length of segment QR is 8 units.

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The graph shows the coordinates of triangle ABC. What are the coordinates of B' after a
reflection over the y-axis.

Answers

Answer:

(-4,5)

Step-by-step explanation:

Sabina used long division to divide 3x³ + x + 2 by a x+ 2. Her work is shown. which error or error did sabrina make?
I'm not sure if those are the real answers ​

Answers

The correct option for the errors made by Sabina are-

Sabina did not use a coefficient placeholder for any missing terms.Sabina did not find the correct term of the quotient.Explain the long division method?You can divide huge numbers into numerous smaller groups or portions with the long division tool. The quantity of groups that may be formed when a dividend is divided by a divisor is given by the quotient, and the number of elements or integers that will remain ungrouped is given by the remainder.

For the stated expression-

3x³ + x + 2 by when divided by (x + 2) by the long division method, the following is the quotient.

         _____________

x + 2 )    3x³ + x + 2      ( 3x² - 6x + 7

           -   3x³ - 6x²  

           __________

              - 6x²  + x + 2

             + 6x²  + 6x

           ____________

                       7x + 2

                     -7x   - 16

                  __________

                            - 14

                  ___________

Thus, the correct quotient for the polynomial is 3x² - 6x + 7.

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Find how long it takes $2500 to double if it is invested at 6% interest compounded semiannually. Use the formula A=P(1+r/n) to solve the compound interest problem.
It will take approximately years.
(Do not round until the final answer. Then round to the nearest tenth as needed.)

Answers

In 11.71 years the amount will double to the principal amount

What is Compound interest:  

The interest charged on a loan or deposit is known as compound interest. It is the idea that we use the most frequently on a daily basis. Compound interest is calculated for an amount based on both the principal amount and Compounded interest. This is the major distinction between compound and simple interest is this.

The formula  used for

          Amount, A = P(1+r/n)^nt  

where P = Principal amount

r = Rate of interest in decimal

n = Number of compounds per year  

t = Time period  

Here from the given data,

Principal amount, p = $ 2500

Rate of interest, r = 6% = 6/100 = 0.06

Number of compounds, n = 2    [ ∵ 12/6 = 2 ]

Here we need to find the time period

Let's assume that after 'n' years the amount will be doubled i.e $ 5000

From the given problem,

Amount, A = 2500(1+0.06/2)²ⁿ        

= 2500(1+0.06/2)²ⁿ  

= 2500(1 + 0.03)²ⁿ  

= 2500 (1.03)²ⁿ    

As we assumed after 'n' years the amount is $ 5000

=>  2500 (1.03)²ⁿ   = 5000

=> (1.03)²ⁿ   = 2  

Apply to log on both sides

=> log (1.3)²ⁿ  = log 2

=> 2t log (1.3) = log 2

=> 2t = log 2/ log(1.03)

=> 2t = 0.301029996/(0.0128372247)

[ use calculator for log (1.03) and log 2]

=> 2t = 23.4497722

=> t = 11.7248861  

=> t = 11.71 ≅ 11 years

Therefore,

In 11.71 years the amount will double to the principal amount

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Solve using the Square Root Property.


y^2 = 1/16

Answers

Answer:

1/4

Step-by-step explanation:

The square root of 16 is 4, so its the same with fractions.

In constructing a confidence interval for the mean, when the population standard deviation is unknown, then we use
a. normal distribution
b. binomial distribution
c. t-distribution
d. Poisson distribution

Answers

While constructing a confidence interval for the mean, when the population standard deviation is unknown, then we use normal distribution .

The error bound EBM and confidence interval are calculated using a standard normal distribution when the population standard deviation is unknown. We must determine the value of z that places an area in the centre of the standard normal distribution Z N that is equal to the confidence level (in decimal form) (0, 1).

We rarely know the population standard deviation in practise. When the sample size was huge is the , statisticians were not hindered by this. As an estimate for, they used the sample standard deviations, and they then carried out the same steps as before to compute a confidence range that produced near enough findings.

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34 pies are sold at $4.50 each.

What is the total cost of these items?

Answers

Answer:

$153

Step-by-step explanation:

Multiply the 2 numbers

answer is $153. we get this by multiplying the 2 numbers

Calculate the length of the unknown side of this right-angled triangle.
9 cm
8 cm

Answers

Answer:

12

Step-by-step explanation:

Pythag

9. If x+2-6x=-13 , what is the value of 2x+3?

Answers

The value of the expression 2x+3 when x = 3 is 9.

What is linear equation?

A linear equation is an algebraic equation of the form y=mx+b, where m is the slope and b is the y-intercept, and only a constant and a first-order (linear) term are included. Sometimes, the aforementioned is referred to as a "linear equation of two variables," with y and x serving as the variables.

Given linear equation is

x + 2 - 6x = -13

Combine like terms:

(x - 6x) + 2 = -13

-5x + 2 = -13

The additive inverse of 2 is -2.

Add -2 on both sides:

-5x + 2 -2 = -13 -2

-5x = -15

Divide both sides by -5:

-5x/-5 = -15/-5

x = 3

Putting x = 3 in the expression 2x + 3

2x + 3 = (2×3) + 3

2x + 3 =6 + 3

2x + 3 = 9

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True or False :for a fixed value of the standard deviation and a fixed sample size, a confidence interval on the population mean will become wider as the level of confidence increases; for example, from 96% to 99%.

Answers

When the level of confidence interval increases from 96% to 99% then the population mean will also become wider for a given fixed value of standard deviation and its fixed sample size, so the given statement is true.

As given in the question,

Let us consider 'σ' be the fixed standard deviation

And 'n' be the fixed sample size

Population mean = [tex]\bar{x}[/tex] ± z ( σ /√n )

Range of confidence interval increases from 96% to 99%

For a fixed standard deviation and sample size range of population mean become wider .

For fixed [tex]\bar{x}[/tex] , standard deviation 'σ' , and sample size 'n' the value of population mean get varied as per the change in confidence interval z-score.

Therefore, the given statement when level of confidence interval increases from 96% to 99% then population mean will get wider is a true statement.

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Find the nth term of this quadratic sequence

Answers

The nth term of the quadratic sequence is aₙ = n² + 2n

What is a quadratic sequence?

Finding the nth term rule of a quadratic sequence: The nth term rule of a quadratic sequence can always be written in the form an² + bn + c.

To find this rule, we need to find a, b and c

Given data ,

Let the expression be represented as = A

Now , the value of A is

A = 3 , 8 , 15 , 24 , 35 ..

Now , taking the difference of the second term and first term , we get

d₁ = 8 - 3 = 5

d₂ = 15 - 8 = 7

d₃ = 24 - 15 = 9

So , the difference of the numbers in the sequence is odd multiples

Therefore , the sequence goes in the multiples of ( n + 2 )

Now , when n = 1

a₁ = 3

when n = 2

a₂ = 8

So , a₂ = n ( n + 2 )

substituting the value for n = 2 , we get

a₂ = 2 ( 2 + 2 )

a₂ = 2 x 4

a₂ = 8

when n = 3

a₃ = 15

So , a₃ = n ( n + 2 )

substituting the value for n = 3 , we get

a₃ = 3 ( 3 + 2 )

a₃ = 3 x 5

a₃ = 15

Therefore , the nth term of the quadratic sequence will be

aₙ = n ( n + 2 )

aₙ = n² + 2n

Therefore , the sequence is aₙ = n² + 2n

Hence , The nth term of the quadratic sequence is aₙ = n² + 2n

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Find the missing length indicated.

Answers

The missing length in the given figure is 14.

What is meant by ratio?

A ratio in mathematics depicts the product of two numbers. For instance, the proportion of oranges to lemons in a serving of fruit is eight to six if there are eight oranges and six lemons (that is, 8:6, which is equivalent to the ratio 4:3). In a similar vein, the ratio of oranges to the overall amount of fruit is 8:14, while the ratio of lemons to oranges is 6:8. (or 3:4). (or 4:7).

Any number of numbers, including counts of people or things, weights, lengths, and times, among other values, can be a component of a ratio. In settings, both numbers are often restricted to positive values.

A ratio's two constituent numbers can be specified as "a" and "b," or they can both be omitted.

From the given figure,

AC/BC=EC/DC

28+x/18=x/6

28+x=3x

2x=28

x=14

Therefore, the missing length in the given figure is 14.

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help wanted proportinal relationship

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guy or girl

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