Mr. Ryan is buying a home for $250,000. He is making a 20% down payment and
financing the rest with a 25-year loan at 5% interest. What will his monthly payment
be?

Answers

Answer 1

Since 20% down payment, we will find the 20% of that $250,000.

10% is $25,000, now times by 2 would be 20% which is $50,000.

Now $250,000 - $50,000 = $200,000 which would be rest of the non-payed payment.

We will divide $200,000 with the 25 year loan. $200,000/25 = $8,000

There is also the 5% interest.

1% of $8,000 is $80 and times that by 5 would be 5% which is $400.

$8,000 + $400 = $8,400.

Since it is monthly, we will divide $8,400 by 12 months. $8,400/12 = $700.

The monthly payment would be $700.

(I hope this is correct.)


Related Questions

What is the distance between point (2,6) and (5,2)?

Answers

Answer:

5 units

Step-by-step explanation:

Distance between two points can be found by using the pythagorean theorem

The distance in y = 4

The distance in x = 3

3² + 4² = c²

9 + 16 = c²

25 = c³

c = √25

c = 5

-Chetan K

Answer:

5

Step-by-step explanation:

[tex]\mathrm{Distance \:\:Formula:}\\\\\mathrm{d = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}}[/tex]

[tex]\underline{\mathrm{Plug \:the\: points:}}[/tex]

[tex]d = \sqrt{(x_2 - x_1)^2 + (y_2-y_1)^2}[/tex]

[tex]d = \sqrt{(5 - 2)^2 + (2-6)^2}[/tex]

[tex]\underline{\mathrm{Solve:}}[/tex]

[tex]d = \sqrt{(5 - 2)^2 + (2-6)^2}[/tex]

[tex]\sqrt{(5 - 2)^2 + (2-6)^2}[/tex]

[tex]\sqrt{3^2 + 4^2}[/tex]

[tex]3^2 = \sqrt{9+4^2} =\boxed{9}\\\\4^2=\sqrt{9+16} = \boxed{16}[/tex]

[tex]\sqrt{25}[/tex]

[tex]\sqrt{5^2}=5[/tex]

Julio says, “if you subtract 12 from my number and multiply the difference by -5, the result is -90” what is Julio’s number

Answers

work backwards and do the opposite sign!
-90 / -5 = 18
18 + 12 = 30
We can then plug in 30 to the original to check the work
30 - 12 = 18
18 * -5 = -90

Solve each system by elimination
7x + 8y = -29
-3x -8y = 17

Answers

4x=-12
x= -3
Now that we know the value of x we plug that value into the first equation to solve for y
7(-3) +8y=-29
-21+8y= -29
8y=-8
y= -1

Find the factorization of the polynomial below. 81X2 - 18x+1

A. (18x-1)2
B. (9x-1)2
C. (9x + 1)2
D. (18x + 1)2​

Answers

Answer:

B.(9 x -1)^{2}

Step-by-step explanation:

Rewrite the expression into the form of a^2\pm 2ab+b^2:(9 x)^{2} - 2 \times 9 x + 1^{2}

Factor the expression using a^{2}\pm 2ab+b^{2}=(a\pm b)^{2}:(9 x -1)^{2}

we have  81x^2 - 18x+1 = (9x)^2 -2.9x + 1 = (9x -1)^2

ok done. Thank to me :>


Lucy is going to watch a movie in her collection. She has 5 action movies, 4 comedies, and 3 dramas.
She will randomly select one movie. What is the probability that the movie she selects is not a drama?
Write your answer as a fraction in simplest form.

Answers

Answer:

3/4

Step-by-step explanation:

5 action+4 comedy+3 drama= 12 total movies

12 will be the denominator of our fraction.

The question asks: What is the probability that the movie she selects is NOT a drama?

So, we add the number of action and comedy movies.

5+4=9

9 is our numerator.

But wait! We have to simplify the fraction 9/12!

9 divided by 3= 3

12 divided by 3= 4

Reduced answer: 3/4

Find the slope of the line that passes through point A (-2,0)and point B (0,10) using m=rise/run

Answers

Answer:

m = 5

Step-by-step explanation:

The x-coordinate of A is -2 and that of B is 0.  The increase in this coordinate from A to B is 2.  Similarly, the y-coordinate increases by 10.  The slope is therefore m = rise / run = 10/2, or m = 5

2+2 1,000,000,000+1,000,000,000

Answers

Answer:

22,000,000,002

Step-by-step explanation:

Hope it helps you

Answer:

Step-by-step explanation:

22,000,000,002

Nate earns extra money on the weekends mowing lawns. He charges $14.00$ to work for the first hour. He charges $10.50 for each additional hour. Let hh equal the number of hours after the first hour. Which expression represents how much Nate charges?

Answers

Answer:

m=14+10.50h

Step-by-step explanation:

h represents hours. m represents how much he makes

he's going to get 14 dollars, plus 10.50 times however many hours he works.

Bobbi wanted to purchase a shirt that had an original price of $38.99 at the store where she works. She gets an employee discount of 25%. How much will she need to pay for the shirt?

Answers

Answer:

29.2425

Step-by-step explanation:

25%=0.25

38.99 *  0.75 = 29.2425

Please help Please thank you

Answers

Answer: C) The student made an error in step 3.

Step-by-step explanation:

When dividing by a negative while working with inequalities, you must "flip the sign."  Thus, there is an error in step 3.

N.B. The answer could very well be interpreted as B), but I believe C) is the best and most defensible answer.

Hope it helps :) and let me know if you want me to elaborate.

Answer:

nvm

Step-by-step explanation:

what’s the operation
inverse or reciprocal
p=??

Answers

Answer:

The inverse means opposite operation, such as addition and subtraction are inverse operations, whereas the reciprocal refers to the inverse of any value, also called the multiplicative inverse. What is Another Word for Multiplicative Inverse? Reciprocal is another word for the multiplicative inverse.

Step-by-step explanation:

210 is the product of − 14 and x

Answers

Answer:

-14 and -15

Step-by-step explanation:

When you multiply two negative numbers together, it will equal a positive number

subtract. write your answer as a fraction in simplest form. 5/9 - 2/9 = what​

Answers

Answer:

[tex] \frac{5}{9} - \frac{2}{9} = \frac{3}{9} [/tex]

hope helpful <3

Answer:

3/9

Step-by-step explanation: don't think of it as a fraction just subtract the top 2 numbers and you would get 3/9 in the simplest form is 1/3

Can someone help me solve this integral plsss?


integral of (2xˆ3+3xˆ2+x)/(xˆ2+1) dx

Answers

Ok done. Thank to me:>

Angel sum theorem ……….

Answers

Answer:

y = 42º

Step-by-step explanation:

The unmaked angle of the bottom triangle is 90º

The sum of the angles is 180

y + 90 + 48 = 180

combine like terms

y + 138 = 180

subtract 138 from both sides

y = 42º

dose anyone know how to solv ethis??

Answers

no[tex]▪▪▪▪▪▪▪▪▪▪▪▪▪  {\huge\mathfrak{Answer}}▪▪▪▪▪▪▪▪▪▪▪▪▪▪[/tex]

The Instantaneous velocity of particle at 2 minutes is ~

[tex]1 \: \: m/s[/tex]

Refer to the attachment for solution ~

x+2y - 3z =15. 2x – 2z=6 x = 3. 2/3)-22 i dont know this answer pls help me???

Answers

Answer(s):

Exact Form: x + 2 y − 3 z = 15 , 2 x − 2 z = 6 , 3 2 3

Mixed Number Form: x + 2 y − 3 z = 15 , 2 x − 2 z = 6 , 3 2 3

Improper Fraction Form: x + 2 y − 3 z = 15 , 2 x − 2 z = 6 , 11 3

Decimal Form: x + 2 y − 3 z = 15 , 2 x − 2 z = 6 , 3. ¯ 6

Hope this helps, have a nice day/night! :D

If the area of a rectangle is x^2+5x+6, and x represents 15 cm, what is the perimeter of the rectangle?

Answers

Answer:

To calculate the length and width of a rectangle first, calculate the value of width 'w' by using the area of rectangle formula that is, 'w = A/l'.

Step-by-step explanation:

16 is equal to the difference of twice a number p and 8.

Answers

16 = 2(p+8) I believe this is correct based on the wording of the question

A family drove to a resort at an average speed of 30 mph and later returned over the same road at an average speed of 50 mph. Find the distance to the resort if the total driving time was 8 hours.

Answers

Answer:

150 Miles

Step-by-step explanation:

Let's say it takes x time to get there.

X x 30=(8 - 6) x 50 (The distance is the same)

30X=400 - 50X=7 X=5 hours.

So the distance is 5 x 30=150 miles.

-6x + 8y = 12 and -3x + 4y = 6

Answers

Answer:

y = (3/4)x + (3/2)

Step-by-step explanation:

all points on that line

answer this pls!!...
help me out
-sry for my bad handwriting​

Answers

Answer:

i cant read it

can u type so i can help?

Step-by-step explanation:

What is the rate of 13 inches of snow in 8 hours?

Answers

Answer: 1.625 inches of snow per hour

Step-by-step explanation:

13 divided by 8 is 1.625

WILL MARK BRAINLIEST IF CORRECT!

Answers

Answer:

Answer Student A was right.

[tex]{ \tt{ \sqrt[3]{1944} = \sqrt[3]{(72 \times 27)} }} \\ \\ = { \tt{ \sqrt[3]{72} \times \sqrt[3]{27} }} \\ \\ = { \tt{ \sqrt[3]{72} \times 3}} \\ \\ = { \underline{ \tt{ \: 3 \sqrt[3]{72} } \: }}[/tex]

the question in the photo

Answers

Answer: b would be the answer

Step-by-step explanation:

The nth term of a sequence is 3n² Work out the value of the 15th term.​

Answers

Answer:

a₁₅ = 675

Step-by-step explanation:

Substitute n = 15 into the nth term formula

a₁₅ = 3(15)² = 3 × 225 = 675

I need help with my homework… plz

Answers

Which one do you need help on

I dont know how to solve these still

Answers

Answer:

x = 20*

Step-by-step explanation:

180 - 110 = 70

90 - 70 = 20

x = 20*

reason is #5 Algebra

Have a nice day! :-)

Write an equation in slope intercept form given the following slope and point M=-3 (6,-9)​

Answers

Answer:

y = -3x + -9/6

-9/6 simplified as -3/2

can anyone help me with math

Answers

Answer:

d = 6

Step-by-step explanation:

diameter is the whole thing while the radius is always half of the diameter.

12 / 2

= 6

Answer:

6

the diameter is always the half of a radius

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