Suppose you make monthly mortgage payments of $1,345 and have 10 years left on the mortgage (next payment due next month). Assuming a 3.6% stated annual interest rate for the mortgage, how much would you need today to pay off the mortgage? ​

Answers

Answer 1

I will need $1,61,884.2 to pay off the mortgage.

This problem is related to simple interest and we have to calculate the amount after 10 years which is payable in the form of mortgage.

The monthly mortgage payment is $1,345.

Rate of interest is 3.6% per annum.

Time is given to be 10 years.

Simple interest for 10 years = 1345×3.6×10/100

                                            = $ 484.2

So, the total money required to clear the mortgage

= $(1345×12×10) + $ 484.2

= $161400 + $484.2

= $ 1,61,884.2

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Related Questions

Alice and Claire go apple picking. When they are done, Claire has 3 times as many apples in her basket as Alice has in hers. (Note: All of the apples are whole.)

List 3 possibilities for the number of apples that could be in the girls' baskets.


If Claire has
apples, then Alice has 2 apples.


If Claire has
apples, then Alice has 7 apples.


If Claire has
apples, then Alice has 10 apples

Alice and Claire go apple picking. When they are done, Claire has 3 times as many apples in her basket

Answers

Answer:

6 apples, 21 apples, 30 apples respectively

Step-by-step explanation:

Let us first start by writing expressions so that we can easily solve for the problems below.

Let us suppose Alice is x. In this case, Claire has 3 times Alice's apples, so 3x.

1. If Alice has 2 apples (x), then Claire has 3x

3*2=6 apples

Claire has 6 apples.

2. If Alice has 7 apples (x), then Claire has 3x

3*7=21 apples

Claire has 21 apples.

3. If Alice has 10 apples (x), then Claire has 3x

3*10=30 apples

Claire has 30 apples.

I hope this helps! Please let me know if you have any further questions :)

Select the correct answer from each drop-down menu.
what is 1 plus 1

Answers

one plus one equals 2 let me know if you need more help

A market research company was interested in comparing three communities A, B and C to determine whether there are any differences in their use of water filters in homes. Each of 100 homeowners sampled from each community was asked whether or not they have installed water-filtering system in their homes. Their responses (Yes or No) are summarized in the following contingency table.

Use Filters
Community | Yes | No
A 62 38
B 58 42
C 73 27

a) Clearly state the null and alternative hypotheses in this problem.

b) Calculate the expected count for the bottom right cell (i.e., Community ‘C’ and ’No’), and explain what the number means.

c) The Chi-square statistic has been calculated to be 13.22. What can we conclude from this finding?

Answers

a) The null hypothesis is that there is no difference in the proportion of homeowners using water filters among the three communities. The alternative hypothesis is that at least one community has a different proportion of homeowners using water filters than the other communities.

b) To calculate the expected count for the bottom right cell, we can use the formula:

Expected count = (row total x column total) / grand total

The row total for Community C and the column total for No are both 100, and the grand total is 300. Therefore:

Expected count = (100 x 100) / 300 = 33.33

The expected count of 33.33 for the bottom right cell means that if there were no difference in the proportions of homeowners using water filters among the three communities, we would expect 33.33 of the 100 homeowners in Community C to answer 'No' to the question about water filters.

c) To determine what we can conclude from the Chi-square statistic of 13.22, we need to compare it to the critical value for a Chi-square distribution with (3-1) x (2-1) = 2 degrees of freedom at the desired level of significance. Let's assume a level of significance of 0.05. From a Chi-square distribution table, the critical value with 2 degrees of freedom at 0.05 level of significance is 5.99.

Since 13.22 is greater than 5.99, we can reject the null hypothesis and conclude that there is a significant difference in the proportion of homeowners using water filters among the three communities. However, we cannot determine from this test alone which communities have different proportions of homeowners using water filters. We would need to conduct further tests, such as post-hoc tests, to investigate the specific differences among the communities.

PLEASE HELP ILL MARK BRAINIEST

PLEASE HELP ILL MARK BRAINIEST

Answers

Answer:

Answer:

P(t) = 10t - 400

Step-by-step explanation:

Selling price of each ticket = $10

Cost of setting up the dance= $400

Profit = Revenue - cost

Revenue = price × quantity

Revenue that will maximize profit = 10t

where t= quantity of tickets that maximises profits

Cost = $400

Profit(t) = Revenue - cost

P(t)= 10t - 400

Step-by-step explanation:

Hope this helps, have a great day!

70 points!!!!!!!!!!
Rewrite y=2(1.06)9t in the form y=a(1+r)t or y=a(1−r)t to determine whether it represents exponential growth or exponential decay. Round a and r to the nearest hundredth if necessary.

Answers

The function is an exponential growth function

How to determine the type of the function

The function is given as

y=2(1.06)^9

We can begin by rewriting the given equation as:

y = 2 * 1.06t

So, we have

y = 2 * (1 + 0.06)^t

Now we can see that the equation is in the form y = a*b^t,

where a = 2 and b = 1.06^9

This equation represents exponential growth because the base of the exponent, b = 1.06, is greater than 1.

We can re-write it in the form y = a(1+r)t,

we can find the value of r by subtracting 1 from 1.06 which is 0.06 and the value of a is 2.

so we have y = 2(1+0.06)^t

So, the equation represents exponential growth with a = 2 and r = 0.06

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which equation can be used to represent 'three minus the difference of a number and one equals one-half of the difference of three times the same number and four

Answers

Answer:

3 - (x - 1) = 1/2(3x - 4)

Step-by-step explanation:

A sack of rice wieghs 50 kilos. What is the weight of 85 sacks of rice?

Answers

Answer:

4250 kilos

Step-by-step explanation:

ill give brainliest if this is right!

ill give brainliest if this is right!

Answers

I believe the answer is -9
-9 - (-14) = 5
-9 + 14 = 5
5 = 5

Answer this pleaseeee

Answer this pleaseeee

Answers

The solution of the trigonometric equation on the interval (, 360) is

x = 90° or x = 126.87° or x = 216.87

What is a trigonometric equation?

A trigonometric equation is an equation that contains trigonometric ratios.

Given the trigonometric equation

2sinx = 1 - cosx, we proceed to solve for x as follows.

Since 2sinx = 1 - cosx

Using sin²x = 1 - cos²x

⇒ sinx = √(1 - cos²x )

Substituting this into the equation, we have that

2sinx = 1 - cosx

2√(1 - cos²x ) = 1 - cosx

Squaring both sides, we have that

[2√(1 - cos²x )]² = (1 - cosx)²

4(1 - cos²x ) = (1 - cosx)²

4 - 4cos²x = 1 - 2cosx + cos²x

Collecting similar terms, we have that

1 - 4 - 2cosx + 4cos²x + cos²x = 0

- 3 - 2cosx + 5cos²x = 0

Re-arranging the equation, we have that

5cos²x - 2cosx - 3 = 0

Let cosx = y

So, we have that

5y² - 2y - 3 = 0

Factorizing, we have that

5y² - 2y - 3 = 0

5y² - 5y + 3y - 3 = 0

5y(y - 1) + 3(y - 1) = 0

(5y + 3)(y - 1) = 0

⇒ 5y + 3 = 0 or y - 1 = 0

⇒ 5y = -3 or y = 1

⇒ y = -3/5 or y = 1

Since y = cosx, we have that

cosx = -3/5 or cosx = 1

cos(180° - x) = 3/5 or cos(270° - x) = 3/5 or cosx = 1

Taking inverse cosine, we have that

180° - x = cos⁻¹(3/5) or 270° - x = cos⁻¹(3/5) or x = cos⁻¹(1)

180° - x = 53.13° or 270° - x = 53.13° or x = 90°

x = 180° - 53.13° or x = 270° - 53.13° or x = 90°

x = 126.87° or x = 216.87 or x = 90°

So, the solution is

x = 90° or x = 126.87° or x = 216.87

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What is the measure of this angle?

60
80
120
125

What is the measure of this angle?6080120125

Answers

Answer:

60

Step-by-step explanation:

180 - 120 = 60

Robert has some nickels and some dimes. He has a maximum of 29 coins worth no less than $2.20 combined. If Robert has 10 nickels, determine all possible values for the number of dimes that he could have. Your answer should be a comma separated list of values. If there are no possible solutions, submit an empty answer.

Answers

Let's solve this problem step by step.

Robert has 10 nickels, which means he already has 10 coins. We need to find the possible values for the number of dimes he could have.

Let's assume Robert has x dimes.

The value of 10 nickels is 10 * $0.05 = $0.50.
The value of x dimes is x * $0.10 = $0.10x.

The total value of the coins is at least $2.20. So we can write the inequality:

$0.50 + $0.10x ≥ $2.20

Now let's solve this inequality for x:

$0.10x ≥ $2.20 - $0.50
$0.10x ≥ $1.70
x ≥ $1.70 / $0.10
x ≥ 17

Therefore, the possible values for the number of dimes Robert could have are 17 or greater.

So, the comma-separated list of possible values for the number of dimes is: 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29.

Note: We have considered the maximum limit of 29 coins mentioned in the problem, so any value of x greater than or equal to 17 and less than or equal to 29 would satisfy the given conditions.
Final answer:

Robert's dimes are anywhere between 17 and 19.

Explanation:

Nickels

are worth 5 cents, and

dimes

are worth 10 cents. Since Robert has 10 nickels, he already has 50 cents. To reach a minimum of $2.20, or 220 cents, Robert needs at least 170 more cents. Because each dime is worth 10 cents, he needs a minimum of 17 dimes. If he has a maximum of 29 coins in total, subtracting the 10 nickels means that he can have up to 19 dimes. So, Robert could have anywhere between 17 and 19 dimes.

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14Y - 7y = 35. solve for y

Answers

Answer:

y = 5

Step-by-step explanation:

\(14y-7y=35\\7y=35\\y=5\)

14 minus 7 is 7

7Y is equal to 35

divide both sides by 7 is equal to 5

Scores on a standardized exam are normally distributed with a mean of 501 and a standard deviation of 55 . The figure below shows the distribution of the scores on a standardized exam. Calculate the shaded area under the curve. Express your answer in decimal form with at least two decimal place accuracy.
Answer: _______

Scores on a standardized exam are normally distributed with a mean of 501 and a standard deviation of

Answers

The shaded area under the curve is equal to 0.6826.

How to calculate the shaded area under the curve?

From the information provided, we have the following parameters:

Mean, μ = 501

Standard deviation, σ = 55.00

In this exercise, you are required the shaded area under the curve and this can be represented or modeled by this mathematical expression:

446 ≤ x ≤ 556

The lower limit (boundary) is equal to 446 i.e x₁ = 446.

The upper limit (boundary) is equal to 556 i.e x₂ = 556.

Next, we would determine the z-score for both limits as follows:

Z-score = (x₁ - μ)/σ

Z-score = (446 - 501)/55.00

Z-score = -55/55.00

Z-score = -1.00

For the upper limit, we have:

Z-score = (x₂ - μ)/σ

Z-score = (556 - 501)/55.00

Z-score = 55/55.00

Z-score = 1.00

By using a z-score calculator, the area is given by:

P(446 ≤ x ≤ 556) = P(-1.00 ≤ x ≤ 1.00)

P(-1.00 ≤ x ≤ 1.00) = P(x ≤ 1.00) - P(x ≤ -1.00)

P(-1.00 ≤ x ≤ 1.00) = 0.6826.

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Isosceles- i need help with this 2 problems

Isosceles- i need help with this 2 problems

Answers

Answer:

Below

Step-by-step explanation:

See image below

Isosceles- i need help with this 2 problems

Inequalities - Introduction

Inequalities - Introduction

Answers

Answer:

n = 19

Step-by-step explanation:

2n > 36 ( divide both sides by 2 )

n > 18

and

5n < 100 ( divide both sides by 5 )

n < 20

so n > 18 and n < 20

thus n = 19

Answer the questions about parallelograms

Answer the questions about parallelograms

Answers

The diagrams given above that represents a parallelogram is indicated by Yes in the following numbers:

1.). yes 5.) No. 9.) No

2.).yes 6.) No

3.) yes 7.) No

4.) yes 8.) yes

What is a parallelogram?

A parallelogram is defined as the type of quadrilateral that has four sides and has the following unique properties and characteristics such as follows:

The diagonals of a parallelogram bisects each other.Opposite sides of a parallelogram are congruent.Opposite angles of a parallelogram are congruent.Each diagonal bisects the parallelogram into two congruent triangles.

Therefore, in conclusion, the diagram that exhibit the properties of a parallelogram are numbers, 1,2,3,4 and 8 while the rest are not parallelograms.

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Help please

Condense to a single logarithm is possible

In(6x^9)-In(x^2)

Answers

The logarithm expression can be simplified to:

In(6x^9)-In(x^2) =7·ln(6x)

How to write this as a single logarithm?

There are some logarithm properties we can use here.

log(a) - log(b) = log(a/b)

log(a^n) = n*log(a)

(these obviously also apply to the natural logarithm)

Now let's look at our expression, it says that:

In(6x^9)-In(x^2)

Using the first rule, we can rewrite this as.

In(6x^9)-In(x^2) = ln(6x^9/x^2)

Now solving the quotient in the argument:

ln(6x^9/x^2) = ln(6x^7) = 7·ln(6x)

That is the expresison simplified.

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Compute the common and natural logarithms using the properties of logarithms and a calculator.Type the correct answer in each box. Round your answers to two decimal places.

Compute the common and natural logarithms using the properties of logarithms and a calculator.Type the

Answers

(b)

\(\log _{}3.26\)

Using the calculator to compute the logarithm, we have;

\(\begin{gathered} \log \text{ 3.26 = 0.5132} \\ \log \text{ 3.26 = 0.51 (Round to two decimal places)} \end{gathered}\)

(c)

\(\begin{gathered} \log \text{ 10000} \\ =\log _{10}10^4 \\ =4\log _{10}10 \\ =4\times1 \\ \log \text{ 10000}=4.00\text{ (Round to two decimal places)} \end{gathered}\)

(d)

\(\begin{gathered} \ln 22=3.0910 \\ \ln 22=3.09\text{ (Round to two decimal places)} \end{gathered}\)

5 All ping-pong tables are on sale for 25% off at Tables 'N Stuff. The
sale price of a ping-pong table is $158. What is the regular price
of the ping-pong table?
A $245.88
B $178.45
C $330.21
D $210.67

Answers

Answer:

Step-by-step explanation:

When you roll a number cube, there are 6 possible _____.

a.) dots
b.) sides
c.) outcomes
b.) none of these

Answers

the correct answer is C, outcomes

Answer:

c. outcomes

Step-by-step explanation:

The difference between a number and 25

Answers

Answer:

x-25

Step-by-step explanation:

the number is x and the subtraction is the difference

The upper-left coordinates on a rectangle are
(−4,4)
(4,4)
20 units.
Draw the rectangle on the coordinate plane below.

The upper-left coordinates on a rectangle are (4,4)(4,4)20 units.Draw the rectangle on the coordinate

Answers

The rectangle has a length of 8 units along the top and bottom sides, and a height of 6 units along the vertical sides.

What is a rectangle?

A rectangle is a four-sided flat shape with four right angles (90 degree angles) between the sides. It is a type of quadrilateral, which means a shape with four sides.

According to question:

To find the length of the sides of the rectangle, we can use the distance formula:

d = √((x2 - x1)²+ (y2 - y1)²)

Using the coordinates (-4,4) and (4,4) for the two endpoints of the top side of the rectangle, we get:

d = √((4 - (-4))² + (4 - 4)²) = 8

Since the top side has length 8 and there are two top and two bottom sides of equal length, the perimeter is:

20 = 28 + 2L

where L is the length of one of the vertical sides. Solving for L, we get:

L = (20 - 2*8)/2 = 2

Therefore, the length of the vertical sides of the rectangle is 2 units.

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The upper-left coordinates on a rectangle are (4,4)(4,4)20 units.Draw the rectangle on the coordinate

The length of rectangle is 8 units on the x-axis, and the width of rectangle is 4 units along the y-axis.

What is a perimeter of rectangle?

The whole distance encircling a rectangle's edge is known as its perimeter. It is the total of the measurements of the rectangle's four sides.

The formula for calculating the perimeter P of a rectangle with length L and width W is as follows:

P = 2L + 2W

According to question:

To find the length of the sides of the rectangle, we can use the distance formula:

\(d = \sqrt{((x_{2} - x_{1} )^2+ (y_{2} - y_{1})^2)}\)

Using the coordinates (-4, 4) and (4, 4)

\(d = \sqrt{((4 - (-4) )^2+ (4 - 4)^2)}\) = 8 units

L (length) = 8 Units

So, the length of the horizontal sides (x-axis) of the rectangle is 8 units.

then, the top side has length 8 and there are top and bottom sides are equal length, the perimeter is: P = (8+8) + 2W

20 = 16 + 2W

where, L is the length of one of the vertical sides. Solving for L, we get:

W = (20 - 16)/2 = 2

So, the length of the vertical sides (y-axis) of the rectangle is 2 units.

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2(x-3)+5>39


Please explain how to get it!

Answers

Answer: x > 20

Step-by-step explanation:

first, i removed the parentheses.

2x - 6 + 5 > 39

then i calculated it.

2x - 1 > 39

then, i moved the constant to the right.

2x > 39 + 1

then, i added the two.

2x > 40

finally, i divided both sides.

solution: x > 20

Answer:

x > 20

Step-by-step explanation:

You would firstly remove the parentheses, (2x - 6 + 5 > 39)

Then calculate to get 2x - 1 > 39

Move the constant to the right, and you'd get 2x > 39 + 1

Add 2 for 2x > 40

Then you'd divide both sides for x > 20

Sorry for the late response, took me a while.

Write an equation of the line using function notation.
Slope​ 0; through (−3,−2)
The equation of the line is ​f(x)=

Answers

The equation of the line having slope 0 and passing through (-3,-2) is f(x) = -2.

Any horizontal line has the same y-value for every point on the line. We are given that the line passes through the point (-3,-2). This means that f(-3) = -2, since the y-value of the point (-3,-2) corresponds to the value of the function at x = -3.

This is because no matter what x-value we plug into the function, the output (y-value) will always be -2. Therefore, the equation of the line in function notation is f(x) = -2.

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Complete the statements about the cone.
The height is
units.
The radius is
units.
The volume is
ut cubic units.

Answers

Answer:

Step-by-step explanation:

The height is 6 units.

The radius is 8 units.

The volume is 128 π cubic units.

Please help me write a summary of the 3 rules on segments
1) When 2 chords intersect inside a circle, and 4 segments are formed
2) When 2 secants intersect outside a circle, and 4 segments are formed
3) When 1 secant and 1 tangent intersect outside a circle, and 3 segments are formed

Answers

1. The rule states that the product of the lengths of the two segments of one chord equals the product of the lengths of the two segments of the other chord (i.e., (a1 x a2) = (b1 x b2), where a1 and a2 are segments of chord A, and b1 and b2 are segments of chord B).

2. The rule states that the product of the length of the external segment of one secant and the length of the entire secant equals the product of the length of the external segment of the other secant and the length of the entire secant (i.e., (e1 (e1 + i1)) = (e2 (e2 + i2)), where e1 and e2 are the external segments and i1 and i2 are the internal segments).

3.  The rule states that the square of the length of the tangent segment equals the product of the length of the external segment of the secant and the length of the entire secant (i.e., t^2 = e * (e + i), where t is the length of the tangent segment, e is the external segment, and i is the internal segment).

what are the 3 rules on segments all about?

The three rules of segments are:

A segment is a part of a line that consists of two endpoints and all the points between them.Two segments are congruent if they have the same length.A segment bisector is a line, segment, or ray that divides a segment into two equal parts, creating two congruent segments.

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Yolanda scored 10 points in a basketball game. She could have scored with one‐point free throws, two‐point field goals, or three‐point field goals. In how many different ways could she have scored her 10 points?

Answers

she could have scored the 10 points in 302400 ways.

The given parameters are

n= total points =10

r1 =one-point free throw = 1

r2 = two-point field goals = 2

r3 =  three-point field goals = 3

The number of ways (k) she could have scored the points is:

k=(n!)/(r1!×r2!×r3!)

The factorial function is a mathematical formula represented by an exclamation mark "!".

k= 10!/(1!×2!×3!)

k= 3628800/(1×2×6)

k= 302400

so.. she could have scored the 10 points in 302400 ways.

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Mt. Everest, the highest mountain in the world, is 2654 m higher than Mt. McKinley, the highest mountain in the United States. If the sum of their heights is 15,042 m, find the height of each mountain

Answers

Mt. Everest is 8,848 m
Mt. McKinley is 6,194 m

If you have two quarters, five dimes, and three pennies how much money do you have?

Answers

Answer:

2 quartes is equal to 50 cent, 5 dimes is equal to 50 cent, and 3 pennies is equal to 3 cents.

50 + 50 + 3 = 103

$1.03

Step-by-step explanation:

Hope it helps! =D

Answer:

1 dollar and 3 cents.

2 cents=0.5 dollars

5 dimes=0.5 dollars

3 pennies=0.03 dollars

$1.03

Answer this! I WILL GIVE BRAINLIEST TO PERSON WHO GIVES CORRECT ANSWER!!!!!!!!!

Answer this! I WILL GIVE BRAINLIEST TO PERSON WHO GIVES CORRECT ANSWER!!!!!!!!!

Answers

Answer:

An 18-month loan with a 4.75% annual simple interest rate

Step-by-step explanation:

have a good day/night

may i please have a branlliest

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