You want to buy a $239,000 home. You plan to pay 10% as a down payment, and take out a 30 year loan for the
rest.
a) How much is the loan amount going to be?
$
b) What will your monthly payments be if the interest rate is 5%?
$
c) What will your monthly payments be if the interest rate is 6%?

Answers

Answer 1

The answer of the question based on the rate of interest is a)  $23,900, b) $1,146.37 c) $1,289.78.

What is Interest?

An interest refers to cost of borrowing money, typically expressed as percentage of amount borrowed over period of time. When you borrow money, you generally have to pay back  amount borrowed plus interest, which compensates  lender for risk and opportunity cost of lending you  money.

a) The down payment is 10% of the home price, which is:

10% of $239,000 = 0.10 x $239,000 = $23,900

To find the loan amount, we subtract the down payment from the home price:

Loan amount = $239,000 - $23,900 = $215,100

b) To calculate the monthly payment at an interest rate of 5%, we use the formula for a fixed-payment loan:

M = P * r * (1 + r)^n / ((1 + r)^n - 1)

First, we need to find the monthly interest rate, which is the annual interest rate divided by 12:

Monthly interest rate = 5% / 12 = 0.00416667

Total number of payments = 30 years x 12 months/year = 360

Now we can plug in these values to find the monthly payment:

M = $215,100 * 0.00416667 * (1 + 0.00416667)^360 / ((1 + 0.00416667)^360 - 1) = $1,146.37

Therefore, the monthly payment at an interest rate of 5% is $1,146.37.

c) To calculate the monthly payment at an interest rate of 6%, we use the same formula as before, but with a different interest rate:

Monthly interest rate = 6% / 12 = 0.005

Total number of payments = 30 years x 12 months/year = 360

M = $215,100 * 0.005 * (1 + 0.005)^360 / ((1 + 0.005)^360 - 1) = $1,289.78

Therefore, the monthly payment at an interest rate of 6% is $1,289.78.

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Related Questions

Below is the relative-frequency table of the probability distribution for the discrete random variable X, with X = "the number of cars owned by families in New York."

x P(X = x)
0 0.03
1 0.31
2 0.43
3 0.14
4 0.09
If the expected value is 1.95, what is the standard deviation?

0.93
0.99
0.96

Answers

Answer: To calculate the standard deviation of a discrete random variable, we need to know the expected value and the variance. The variance of a discrete random variable X is given by:

Var(X) = Σ [ (x - E(X))^2 * P(X = x) ]

where the summation is taken over all possible values of X, and E(X) is the expected value of X.

We are given that the expected value of X is 1.95. Using the formula for the variance and the probabilities given in the table, we can calculate the variance as follows:

Var(X) = (0 - 1.95)^2 * 0.03 + (1 - 1.95)^2 * 0.31 + (2 - 1.95)^2 * 0.43 + (3 - 1.95)^2 * 0.14 + (4 - 1.95)^2 * 0.09

Var(X) = 1.1429

To find the standard deviation, we take the square root of the variance:

SD(X) = sqrt(Var(X))

SD(X) = sqrt(1.1429)

SD(X) ≈ 1.07

Therefore, the standard deviation of the number of cars owned by families in New York is approximately 1.07. None of the options given match this value exactly, but 0.99 is the closest.

Step-by-step explanation:

Match the name of the sampling method descriptions given.
Situations:
1. ask all the students in your math class

2. choosing every 5th person on a list

3. pulling 50 names from a hat


4. randomly select two tables in the cafeteria and survey all the people at those two tables


5. dividing the population by Gender, and choosing 30 people of each gender
Sampling Method:

a. Simple Random
b. Convenience
c. Cluster
d. Systematic
e. Stratified

Answers

Enquire οf each pupil in yοur math class. --> b. Cοnvenience

chοοsing every 5th persοn οn a list  --> d. Systematic

pulling 50 names frοm a hat --> a. Simple Randοm

Chοοse twο cafeteria tables at randοm, then pοll every patrοn at thοse twο tables. --> e. Stratified

selecting 30 individuals frοm each gender after dividing the pοpulatiοn intο genders. --> c. Cluster

What is the sampling methοd?  

Samples can be categοrized intο:

Cοnvenient: Sample taken frοm a pοοl that is easily accessible.

Put all the pοssibilities intο a hat, and draw sοme οf them at randοm.

Every kth cοmpοnent is taken in a systematic manner. If yοu wanted tο survey anything οn the street, fοr instance, yοu may interview every fifth persοn.

Cluster: This pοpulatiοn is brοken dοwn intο grοups, οr clusters, and each cluster's cοnstituents are surveyed.

Further divides the peοple intο several grοups. After that, thοugh, just a small percentage οf the grοup gets quizzed.

Thus, cοrrect match οf the sampling methοd are:

enquire οf each pupil in yοur math class. --> b. Cοnvenience

chοοsing every 5th persοn οn a list  --> d. Systematic

pulling 50 names frοm a hat --> a. Simple Randοm

Chοοse twο cafeteria tables at randοm, then pοll every patrοn at thοse twο tables. --> e. Stratified

selecting 30 individuals frοm each gender after dividing the pοpulatiοn intο genders. --> c. Cluster

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Kids under 16 must be accompanied by an adult. Which inequality describes the age, a, of a kid accompanied?
Group of answer choices

x ≤ 16

x < 16

x > 16

x ≥ 16

Answers

Answer:

x < 16

Step-by-step explanation:

Write an equation of the line that passes through a pair of points:
ú
T
-3 -2 -1
a.
y=x+3
b. y=x-3
5.
4+
3+
2+
1+
7
-1
-2+
-3
4
1 2,
3
5 X
c.
d.
y = -x + 2
y = -x-2

Answers

The equation of the given line is expressed as:

y = x - 3

What is the equation of the line?

The formula for the equation of a line in slope intercept form is:

y = mx + c

where:

m is slope

c is y-intercept

The formula for the equation of a line between two coordinates is:

(y - y1)/(x - x1) = (y2 - y1)/(x2 - x1)

The pair of coordinate points marked are:

(4, 1) and (5, 2)

Thus, the equation of the line is:

(y - 1)/(x - 4) = (2 - 1)/(5 - 4)

y - 1 = x - 4

y = x - 3

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Which statement is true about the given expression 3x2 -11(2y+1)+4

Answers

Answer:

The given expression 3x2 -11(2y+1)+4 is a polynomial expression with two variables, x and y. It can be simplified by distributing the -11 to the terms inside the parentheses and combining like terms:

3x2 -11(2y+1)+4 = 3x2 -22y -11 +4

= 3x2 -22y -7

Therefore, the statement "the expression is a polynomial with two variables" is true, while the statements "the expression is in simplest form" and "the expression has a constant term of 11" are false.

Step-by-step explanation:

geometry question attached

Answers

The area of triangle PYR, obtained using the formula for the area of a triangle; A = (1/2)·a·b·sin(C), is about 87.85 square units

What is the formula for the area of a triangle that can be used to find the area of PYR?

The area of a triangle is the product of half multiplied by the base length and the height of the triangle. The height of the triangle is the length of a side of the triangle multiplied by the sine of the included angle between two sides of the triangle.

The dimensions in the triangle indicates that we get;

Length of the side PQ = 36

Length of the side PR = 22

PQ = QM + MP (Segment addition postulate)

MQ ≅ MP (Definition of bisected segment PQ)

MQ = MP (Definition of congruent segments)

PQ = MP + MP (Substitution property)

PQ = 2 × MP

PQ = 36

36 = 2 × MP

2 × MP = 36

MP = 36/2 = 18

MP = 18

Length of the segment, MY = 8

The Pythagorean Theorem indicates that we get;

PY = √(18² + 8²) = 2·√(97)

∠MPY = arctan(8/18) ≈ 23.92°

Therefore; ∠YPR ≈ 23.92°

The area, A, of the triangle PYR can be obtained from the formula;

A = (1/2)·a·b·sin(C)

The area of the triangle PYR is therefore;

A ≈ (1/2) ×  (2·√(97)) × 22 × sin(23.92°) ≈ 87.85

The area of the triangle PYR is about 87.85 square units

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*THESE ARE 4 SIMPLE GEOMETRY QUESTIONS!!*
Hello please help! I dont know a single thing about geometry and i need your help!
Very appreciated!

Answers

1. B.

2. C.

3. A.

4. C.

HURRY I WILL GIVE BRAINLIEST TO WHO ANSWERS FIRST

Raymond was riding a zip-cable from the top of a viewing post. The cable is 55 yards long. The viewing post is 44 yards high and forms a right angle with the ground, as shown in the picture below.


Given this information, how far is the bottom of the cable from the base of the viewing post?

Answers

Answer:    i am pretty sure it is 33

Step-by-step explanation:

A triangle has the measures of two of its interior angles 48° and 65°, the third interior angle is unknown. What is the value of the exterior angle corresponding to the interior angle whose value is unknown?

a) 123°
b) 131°
c) 113°
d) 128°
e) 118°

Answers

Answer:

c) 113°

Step-by-step explanation:

Exterior angle is equal to the sum or the "remote" interior angles, that is the two angles that are not just next to the exterior angle. See image.

So the answer, quickly:

exterior angle

= 65° + 48°

= 113°

This is why:

(skip if you don't care)

The three angles in a triangle add up to 180° But also, a linear pair of angles also add up to 180°

So

x + 65° + 48° = 180°

x + y = 180°

y = 65° + 48°

See image.

An insurance company offers renters insurance to customers in a certain area. Suppose they charge $ 40 $40dollar sign, 40 for a given plan. Based on historical data, there is a 1 11 in 500 500500 probability that a customer with this plan makes a claim, and in those cases, the average payout from the insurance company to the customer was $ 5 , 000 $5,000dollar sign, 5, comma, 000. Here is a table that summarizes the possible outcomes from the company's perspective: Event Payout Net gain ( X ) (X)left parenthesis, X, right parenthesis Claim $ 5 , 000 $5,000dollar sign, 5, comma, 000 − $ 4 , 960 −$4,960minus, dollar sign, 4, comma, 960 No claim $ 0 $0dollar sign, 0 $ 40 $40dollar sign, 40 Let X XX represent the company's net gain from one of these plans. Calculate the expected net gain E ( X ) E(X)E, left parenthesis, X, right parenthesis. E ( X ) = E(X)=E, left parenthesis, X, right parenthesis, equals dollars

Answers

An insurance company's anticipated total profit from a single of these policies is $0.08.

What does the term "insurance" mean?

Describe insurance. Insurance is a tool for risk management. You acquire security against unforeseen financial losses when you purchase insurance. If something terrible occurs to you, the insurance company compensates you or someone else of your choosing.

The expected net gain can be calculated as:

E(X) = P(Claim) × Net gain (Claim) + P(No claim) × Net gain (No claim)

P(Claim) = 1/500

P(No claim) = 1 - P(Claim) = 499/500

Net gain (Claim) = -$4960 + $5000 = $40

Net gain (No claim) = $40 - $40 = $0

Therefore,

E(X) = (1/500) × $40 + (499/500) × $0

E(X) = $0.08

So the expected net gain for the insurance company from one of these plans is $0.08.

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Answer:

30 dollars

Step-by-step explanation:

Khan Academy

A standardized​ exam's scores are normally distributed. In a recent​ year, the mean test score was 1534 and the standard deviation was 310. The test scores of four students selected at random are 1940​, 1280, 2260​, and 1420. Find the​ z-scores that correspond to each value and determine whether any of the values are unusual.

Answers

The first student Z-score= 1.31, the second student= -0.82, the third student = 2.35, the fourth student = -0.37. None of these scores are unusual.

Describe Z-score?

In statistics, a Z-score (also known as a standard score) is a measure of how many standard deviations a data point is from the mean of a population or sample. The Z-score is calculated by subtracting the mean from the data point and then dividing by the standard deviation.

A Z-score of 0 indicates that the data point is equal to the mean, while positive Z-scores indicate that the data point is above the mean and negative Z-scores indicate that the data point is below the mean.

Z-scores are often used in statistics to standardize data so that it can be compared across different populations or samples. Z-scores can also be used to identify outliers, which are data points that are unusually far from the mean and may skew the analysis of the data.

To find the z-score for each student, we use the formula:

z = (x - μ) / σ

where x is the student's score, μ is the mean test score, and σ is the standard deviation.

For the first student with a score of 1940:

z = (1940 - 1534) / 310

z = 1.31

For the second student with a score of 1280:

z = (1280 - 1534) / 310

z = -0.82

For the third student with a score of 2260:

z = (2260 - 1534) / 310

z = 2.35

For the fourth student with a score of 1420:

z = (1420 - 1534) / 310

z = -0.37

To determine if any of these values are unusual, we can use the rule of thumb that considers any z-score greater than 3 or less than -3 to be unusual.

None of the z-scores calculated above are greater than 3 or less than -3, so we can conclude that none of these scores are unusual.

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|a-b|-|c+d| if a=-5, b=4. c=1, d=-3
please help soon!

Answers

Answer:-7

Step-by-step explanation:

|-5 - 4| = -9

|1 + -3|= -2

|-9 - -2| = -7

Answer:

Step-by-step explanation:

[tex]|a-b|-|c+d|=|-5-4|-|1+(-3)|=|-9|-|-2|=9-2=7[/tex]

Absolute value is just the distance from 0 and therefore is always positive.

On Monday, the worker drove a total of 134 work-related and personal miles. She received $32.13 for the work-related miles she drove on Monday. what percent of her total miles driven were work-related on Monday

Answers

Answer:

Step-by-step explanation:

If the worker drove a total of 134 miles on Monday, and received $32.13 for the work-related miles, then we can assume that the work-related miles pay rate is constant, and calculate the total pay for all the miles:

Total pay for all miles = Total miles * Pay rate per mile

Since the worker received $32.13 for the work-related miles, and we assume a constant pay rate, we can find the pay rate per mile:

Pay rate per mile = Total pay for all miles / Total miles

= $32.13 / Total work-related miles

Now we can use this pay rate per mile to calculate the percentage of work-related miles:

Percentage of work-related miles = (Pay for work-related miles / Pay rate per mile) / Total miles * 100

Plugging in the given values, we get:

Percentage of work-related miles = (32.13 / (134 - 32.13)) / (134) * 100

= 0.2874 * 100

= 28.74%

Therefore, approximately 28.74% of the worker's total miles driven on Monday were work-related.

Help please! I need help with my hw!

Answers

The area of the shaded portion in the image of right triangle attached is solved to be 401.85 square millimeters

How to find the area of the shaded portion

The area of the shaded portion is solved by subtracting the area of the smaller triangle from the area of the bigger triangle

The area of a triangle is solved using the formula

= 0.5 base * height

Information given in the problem  

base1 = 24.8

base2 = 15.9

height1 =  34.2 mm

height2 = 21.9

where

base1 and height1 are for the bigger triangle while

base2 and height2 is for smaller triangle

area of shaded portion = 0.5(24.8 * 34.2) - 0.5(15.9 * 21.9)

area of shaded portion = 418.95 - 174.105

area of shaded portion =401.845

area of shaded portion = 401.85 square millimeters

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1. Write down the first five multiples of:
a) 3
b) 9
c) 14

Answers

Answer:

a)3,6,9,12,15

b)9,18,27,36,45

c)14,28,42,56,70

Step-by-step explanation:

multiply each of it with 1,2,3,4 and 5 :)

Answer:

3-3,6,9,12,15

9-9,18,27,36.45

14-14,28,42,56.70

Cuantos minutos tardará en llenarse un depósito de 10.080 litros de capacidad si recibe agua por 3 grifos diferentes que arrojan 60 litros, 70 litros, 80 litros cada minuto?

Answers

Answer:

El tanque tardará aproximadamente 48 minutos en llenarse.

Step-by-step explanation:

Podemos encontrar la tasa de llenado del depósito sumando las tasas de flujo de los tres grifos:

Tasa de llenado = 60 + 70 + 80 = 210 litros/minuto

Luego, podemos usar la fórmula:

Tiempo = Volumen / Tasa de llenado

Donde el volumen es 10.080 litros y la tasa de llenado es 210 litros/minuto. Sustituyendo estos valores, obtenemos:

Tiempo = 10.080 / 210 ≈ 48 minutos

Por lo tanto, tardará alrededor de 48 minutos en llenarse el depósito de capacidad 10.080 litros si recibe agua por tres grifos diferentes que arrojan 60 litros, 70 litros, 80 litros cada minuto.

¡Espero que esto ayude! Lo siento si no es así. ¡Si necesitas más ayuda, pregúntame! :]

determine the length of a plot of land 16 m wide and whose area is 336 m².

Answers

Answer:

21

Step-by-step explanation:

The equation to find the area of a space is length x width. Divide the total area by the width to find the length.

The correct answer to this particular question would be 21

probability problem algebra 2 please help

Answers

The probability that the alumni member is male and did not attend graduate school is (546-206)/1214, or 83.09%.

What is probability?

Probability is a measure of how likely an event is to happen. It is expressed as a number between 0 and 1, where 0 means that the event is impossible and 1 means that the event is certain. Probability is used to describe the likelihood of something happening and to make decisions when dealing with uncertain situations. Probability theory is the mathematics of predicting the outcomes of events when the exact outcome is unknown.

In conclusion, the probability that the alumni member is female is 8.55%, that the alumni member is male is 16.91%, that the alumni member is female and went on to graduate school is 8.55%, that the alumni member is male and went on to graduate school is 16.91%, that the alumni member is female and did not attend graduate school is 79.60%, and that the alumni member is male and did not attend graduate school is 83.09%.

The probability that the alumni member is female is 104/1214, or 8.55%. The probability that the alumni member is male is 206/1214, or 16.91%. The probability that the alumni member is female and went on to graduate school is 104/1214, or 8.55%. The probability that the alumni member is male and went on to graduate school is 206/1214, or 16.91%. Finally, the probability that the alumni member is female and did not attend graduate school is (668-104)/1214, or 79.60%.

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How to write 0.03 + 8 + 0.2 + 50 in word form

Answers

Answer:

Fifty eight and twenty-three hundredths

Step-by-step explanation:

The diameter of a circle is 33 cm. Find its area to the nearest whole number.

Answers

The Area is 855.3 cm^2

Answer:

Step-by-step explanation:

The answer is not 855.3^2cm

To use the method of triangulation you need measurement from at least three locations

Answers

The given statement is false. The solution has been obtained by using the concept of triangulation.

What is triangulation?

Based on the principles of trigonometry, triangulation is a technique used to locate a fixed point. According to these principles, it is possible to compute the other two sides and angle of a triangle if just one side and two angles of the triangle are known.

We are given a statement that to use the method of triangulation you need measurement from at least three locations.

The statement is false because for this, we need only two points.

Hence, the given statement is false.

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Question: To use the method of triangulation, you need measurements from at least three other locations.

A.True

B.False

1
A number x is multiplied by 4, and 2
is added to it; the result is less than 82.
Find the range of values of x.

Answers

Based on the given statement, the range of values of x is the values that do not exceed 82

How to determine the range of values of x.

From the question, we have the following parameters that can be used in our computation:

A number x is multiplied by 4, and 2 is added to it; the result is less than 82.

Using the above as a guide, we have the following:

The output of the operation cannot exceed 82

The range is teh set of the output values

This means that the range is all set of real values less than or equal to 82

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Answer:

Step-by-step explanation

Please I need assistance please help

Answers

The length of the diagonal of the television screen is equal to 56 cm to the nearest centimeter using the Pythagoras rule.

What is the Pythagoras rule?

The Pythagoras rule states that in a right-angled triangle, the square of the hypotenuse is equal to the sum of the squares of the other two sides. 

we shall represent the length of the diagonal with the letter x so by Pythagoras rule we can write:

x² = 34² + 45²

x² = 1156 + 2025

x² = 3181

x = √3181 {take square root of both sides}

x = 56.4004

Therefore, the length of the diagonal of the television screen is equal to 56 cm to the nearest centimeter using the Pythagoras rule.

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Which statement is in-correct

Answers

The statement "The Poisson distribution is always skewed right" is incorrect. Option A

What is Poisson distribution?

The Poisson distribution is a discrete probability distribution that is used to model the probability of a given number of events occurring in a fixed interval of time or space, assuming that the events occur independently and at a constant rate.

The key features of the Poisson distribution include:

The distribution is discrete, meaning that it only takes on integer values.

The distribution is defined by a single parameter, lambda (λ), which represents the expected number of events that will occur in the interval.

The distribution is skewed right, with a long tail on the right-hand side.

The mean and variance of the distribution are both equal to λ.

The statement "The Poisson distribution is always skewed right" is incorrect.

The Poisson distribution can be skewed left, right, or approximately symmetric depending on the value of its parameter lambda. If lambda is small, the distribution will be skewed right. If lambda is large, the distribution will be approximately symmetric.

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In ΔSTU, \overline{SU}
SU
is extended through point U to point V, \text{m}\angle STU = (3x+14)^{\circ}m∠STU=(3x+14)

, \text{m}\angle UST = (2x+12)^{\circ}m∠UST=(2x+12)

, and \text{m}\angle TUV = (7x+6)^{\circ}m∠TUV=(7x+6)

. What is the value of x?x?

Answers

The value of x from the calculation is given as 10

How to solve for the value of x

We have ∠TUV = ∠STU + ∠UST

(7x+6) = (3x+14) + (2x+12)

open the bracket

7x+6 = 3x+14 + 2x+12

take the like terms

7x + 6 = 3x + 2x + 14 + 12

7x + 6 = 5x + 26

7x - 5x = 26 - 6

2x = 20

Divide through the equation that we have by 2 to get the value of x

2x / 2 = 20 / 2

x = 10

Hence the value of x is given as 10

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Which of the following represent dividing 72 by 6?
a. 72 ÷ 6
b. 7/2
c. 6÷72
d. 7/2
a and d
a and c
b and c
Cb and d

Answers

Answer:

Step-by-step explanation:

The answer to your question is a.

Which two consecutive numbers that this number comes between? 2 3/10 + 4 1/2

Answers

Two consecutive number between [tex]2 \frac{3}{10}[/tex] and [tex]4 \frac{1}{2}$[/tex] are 3 and 4.

What is a Composite Number?

Composite number are those number which follow a particular sequence whether it is normal, even, odd or any other sequence.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         AP) is the best method to identify whether the number are consecutive or not.

So here, we can write as [tex]\frac{23}{10}=2.3[/t[/tex]                                                                                                                                                                                                                                                                                         ex] and we can write [tex]\frac{1}{2}[/tex] as [tex]frac| {9}{2}=4.5[/tex]

So, two composite number are 3 and 4.

Arithmetic Progression, (AP) A sequence can called in as AP when the difference between them are common which means the each previous is differ from its preceding one by a constant quantity.

[tex]a_n=a_1+(n-1) * d[/tex] where, [tex]a_1=[/tex] first termed= common difference [tex]a_n=[/tex] term in the sequence

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What is -2, 3 reflected over the y- axis?????

I NEED THE ANSWER ASAP

Answers

Answer:

2, 3

Step-by-step explanation:

When a point is reflected over the y-axis, the x-coordinate changes sign while the y-coordinate remains the same. Therefore, if you reflect the point (-2, 3) over the y-axis, it will become (2, 3).

(Sorry, I tried to provide a picture but I could not.)

Given the function of(x) = 2√x +√x³, find f'(3). Express your answer as a
single fraction in simplest radical form.

Answers

Answer:

Here is the answer for the following question:

determine the total amount of money that was utilized on fuel in june 2022.

Answers

The Consumer Price Index (CPI) for All Urban Consumers grew by 9.1%. The all items index rose 9.1%, the largest annual increase since the year that ended in November 1981.

What is Consumer Price Index?

A consumer price index can be defined as a measure of a market basket of goods and services that households have purchased at a weighted average price. The measured CPI fluctuates(differs) to reflect changes in prices over time.

The CPI is one of the most widely(popularly) used indicators of inflation and deflation.

[tex]Annual\ CPI = \frac{Value\ of Basket\ in \ Current \Year}{Value\ of Basket\ in \ Prior\ Year} *100[/tex]

[tex]Inflation\ Rate = \frac{New \ CPI - Prior\ CPI}{Prior\ CPI} *100[/tex]

It is one of the most used methods for measuring inflation and reveals the state and trajectory of the economy.

To learn more about Inflation, visit:

https://brainly.com/question/777738

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