Aaron took out a 30-year mortgage for $100,000 at 7%. How much will he pay over one year? (Hint: multiply the monthly mortgage payment by 12.)

Answers

Answer 1

From the statement of the problem, we know the following data of the mortgage:

• t = time = 30 years,

,

• P = principal = $100,000,

,

• r = interest rate in decimal = 7/100 = 0.07.

The monthly payments are given by the following formula:

\(m=\frac{P\cdot\frac{r}{12}}{1-(1+\frac{r}{12})^{-t\cdot12}}\text{.}\)

Replacing the data of the problem, we find that the monthly payments will be:

\(m=\frac{100,000\cdot\frac{0.07}{12}}{1-(1+\frac{0.07}{12})^{-30\cdot12}}\cong665.302.\)

dollars.

The money that Aaron will pay in a year is 12 times the value of the monthly payment:

total of a year = 12 * $665.302 ≅ $7983.63.

Answer

Aaron will pay $7983.63 in a year.


Related Questions

which is the first step when multiplying or divided mixed numbers

Answers

Answer:

write the whole number and mixed number as improper fractions i believe

Answer:

Convert the mixed numbers into improper fractions.

pls help! i’m giving brainliest :)

Shonda is making cookies with her family. They mix 2 cups of flour with a half cup of sugar. How many cups of sugar will they need if they used 8 cups of flour?

Answers

The answer is 2. Because every 2 cups pf flour is 1 half a sugar and, they are asking for 8 so thats 4 half cups of sugar, and if you mix another half with another half it would be 2 cups of sugar

What is the remainder when 287 is divided by 5?

Answers

Answer:

2

Step-by-step explanation:

Any multiple of 5 ends in 0 or 5.

To find the remainder when a number is divided by 5, we can find the highest number less than or equal to the given number that ends in 0 or 5, then subtract that number from the given number.

In this case, the highest number that ends in a 0 or 5 that is less than or equal to the given number is 285.

When we subtract that from the given number, 287, we get:

287 - 285 = 2

Example 2: Use the Venn diagram to determine each set and the number of elements in each set.
helpppp

Example 2: Use the Venn diagram to determine each set and the number of elements in each set.helpppp

Answers

Using the Venn diagram, each set and the number of elements in each set are:

a. U = {1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12}

b. A = {1, 3, 4, 5, 6, 8}

c. B = {4, 5, 6, 7, 9, 11}

d. C = {6, 8, 9, 12}

e. A ∪ B = {1, 3, 4, 5, 6, 7, 8, 9, 11}

f. A ∩ B = {4, 5, 6}

How to Use the Venn diagram to determine each set and the number of elements in each set?

A Venn diagram is a pictorial representation used to visualize the relationships between different sets of objects or concepts.

a.) U is the universal set. This implies it contains all the elements in the set. Thus:

U = {1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12}

b.) A is all element (number) is set A (circle A). Thus:

A = {1, 3, 4, 5, 6, 8}

c.) B is all element is set B (circle B). Thus:

B = {4, 5, 6, 7, 9, 11}

d.) C is all element is set C (circle C). Thus:

C = {6, 8, 9, 12}

e.) A ∪ B is all element is sets A and B (circles A and B). Thus:

A ∪ B = {1, 3, 4, 5, 6, 7, 8, 9, 11}

f.) A ∩ B is all element is sets A and B (circles A and B) have in common. Thus:

A ∩ B = {4, 5, 6}

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What is the length of CD?

What is the length of CD?

Answers

Answer:

CD = 15

Step-by-step explanation:

Pre-Solving

We are given two quadrilaterals: CDEF and GIJH.

We know that CD = 3x - 6, and GI = x + 8.

We want to find the length of CD.

SolvingFinding x

Notice how CD and GI both have one tick mark on them.
This indicates that these two are congruent, meaning that they have the same length.

Because of that, CD = GI.

If we substitute 3x - 6 for CD and x + 8 for GI, we get:

3x - 6 = x + 8

Now, we can solve this like a regular equation.

Add 6 to both sides.

3x - 6 = x + 8

    +6       +6

_________________

3x = x + 14

Subtract x from both sides.

3x = x + 14

-x    -x

_____________-

2x = 14

Divide both sides by 2.

2x = 14

÷2    ÷2

____________

x = 7

Finding the length of CD

We found the value of x.

Now, substitute 7 as x in 3x-6 (the length of CD).

CD = 3x - 6 = 3(7) - 6 = 21 - 6 = 15

Therefore, CD = 15.

half as many pages as george read. define a variable and write each phrases as an algebraic expression

Answers

The variable that can be used to represent the number of points scored before is x and the algebraic expression would be equal to (3x - 2).

How to write algebraic expression?

Algebra refers to the system for computation using letters or other symbols to represent numbers, with rules for manipulating these symbols.

let the Number of points scored before = x

3 times the number of points scored before

= 3 × x

= 3x

Thus, two points fewer than 3 times the number of points scored before;

= 3x - 2

The examples of algebraic expression are:

2t - 5 + 3t

65x + y - 8y + 5x

In conclusion, the expression can be written as; 3x - 2

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The first equation in the following system gives the company's cost of making x purses. The second equation gives the company's income for selling x purses.

y = negative 0.01 (x minus 500) squared + 4,489. y = 20 x

You used substitution to obtain the equation

0 = -0.01x2-10x+1,989 from the system.

What are the solutions to the system of equations?

(-23,400, 3,400) and (-1,170,170)

(-1,170, -23,400) and (170, 3,400)

(274, 726) and (5,480, 14,520)

(274, 5,480) and (726, 14,520)

Answers

Step-by-step explanation:

17389+23589=2469

56793+4569=15992

becoms54566+2368x

Answer:

its B (-1,170 , -23,400) and (170, 3,400)

Step-by-step explanation:

the next one is 170 purses

Find the product of polynomials (First Screenshot)
Problem 1.5 (Second Screenshot)

Find the product of polynomials (First Screenshot)Problem 1.5 (Second Screenshot)
Find the product of polynomials (First Screenshot)Problem 1.5 (Second Screenshot)

Answers

Polynomials have the following product: 3x5 + 2x4 + 5x3 + 2x2 - 32x + 14. An algebraic formula with variables is called a polynomial.

what is polynomials ?

A polynomial is a mathematical expression consisting exclusively of additions, subtractions, multiplications, and positive integer powers of variables. It is an expression of coefficients and uncertainty. x2 4x + 7 represents a single indeterminate x polynomial. An expression in mathematics known as a polynomial is made up of variables (also known as indeterminates) and coefficients that can be added, subtracted, multiplied, and raised to negative integer powers of non-variables. A polynomial is an algebraic formula that includes variables and coefficients. Addition, subtraction, multiplication, and non-negative integer exponents are the only operations that can be included in an expression. This type of statement is known as a polynomial.

given

Multiply each combination of terms:

Combine like terms.

3x^5 + 2x^4 + (-7x^3 + 12x^3) + (8x^2 - 6x^2 ) + (-28x - 4x) +14=

3x^5 + 2x^4 + 5x^3 + 2x^2 - 32x + 14.

Polynomials have the following product: 3x5 + 2x4 + 5x3 + 2x2 - 32x + 14. An algebraic formula with variables is called a polynomial.

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Mr. Bauer Placed the letters in the word basketball into a bag what is the probability of choosing a B not replacing it and then choosing a vowel

Answers

Using it's concept, it is found that there is a 0.0333 = 3.33% probability of choosing a B not replacing it and then choosing a vowel.

What is a probability?

A probability is given by the number of desired outcomes divided by the number of total outcomes.

The word basketball has 10 letters.

b is one of them, hence P(A) = 1/10 = 0.1.Then, of the 9 letters, 3 will be vowels, hence P(B|A) = 3/9 = 1/3 = 0.3333.

Thus, the probability of choosing a B not replacing it and then choosing a vowel is given by:

\(P(A \cap B) = P(A)P(B|A) = 0.1 \times 0.3333 = 0.0333\)

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Answer: 2/45

The question asks for choosing the letter B, which we know that there is two of in basketball, so 2/10, and then we multiply it by the amount of vowels, which is 2/9, and when we multiply we get 4/90 which can be simplified to 2/45.

5 2/5 as a mixed number

Answers

Answer:

Mixed numbers have a whole number followed by the fraction (2 1/2). You would say "two and one half." The other format is an improper fraction where the numerator is greater than the denominator (5/2). Mathematicians would say that is five halves.

Answer:

27/5 I think um I have to fill out the question so ya

Coffee beans sell for $8.00 per pound. How much would 5 1 Over 4
pounds of coffee beans cost?

Answers

38, 5-1 over 4 is 4.75 “pounds” that’s $8 per pound sooo 8x4.75

PLEASE HELP , I NEED A 100%

PLEASE HELP , I NEED A 100%

Answers

The quotient is found to be 4/5. The correct option is (B).

What is a fraction?

A fraction is a number written in the form a / b, where a and b are integers and b ≠ 0. The number a is called as the numerator and b is the denominator. In order to divide two fractions take the reciprocal of the other fraction and change the sign as multiplication. It can be shown as a/b ÷ c/d = a/b × d/c.

The given expression is -3/5 ÷ (-3/4).

It can be simplified as follows,

Take the reciprocal of the fraction (-3/4) as -4/3.

And, change the sign of division to multiplication to obtain,

-3/5 ÷ (-3/4)

⇒ -3/5 × -4/3 = 4/5

Which the value of the quotient.

Hence, the quotient for the given arithmetic operation is 4/5.

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1) A line passes through the points (7,4) and (-5, - 2). Which of the
following equations BEST defines this line?

Answers

Answer:

.5x = y

Step-by-step explanation:

You can find mx by comparing two points on a graph

Karen obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 3.6%. Her loan is for $14,300 for 99 days. Assume each day is 1365 of a year.

Answers

After 99 days, Karen is required to pay $14,436.63 in full, plus $139.63 in interest.

What is simple interest?

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Given, Karen obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 3.6%. Her loan is for $14,300 for 99 days.

From the formula of simple interest(SI) :

SI = P * R *  T / 100

Where p = principal amount

r = rate of interest

T = time

In our case

p = 14300

r = 3.6

time = 99/365

Simple interest = (14300* 3.6 * 99) / 36500

Simple interest = (143 * 3.6 * 99) / 365

Simple interest = 139.63

The total amount she has to pay = principal amount + SI

The total amount she has to pay = 14300 + 136.63

The total amount she has to pay = 14,436.63

therefore, Karen has to pay $139.63 interest and $14,436.63 Total amount after 99 days.

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A kennel charges $15 per day board dogs. Upon arrival, each dog must have a flea bath that costs $12.

Part A: Write a function rule for the total cost for n days of boarding plus a bath.

Part B: How much does a 10-day stay cost?

Part C: Does a 5-day stay cost half as much as a 10-day stay? Explain.


What I Think:


I think the function rule is C=15+12n.

10-day stay cost: 135

5-day stay: 75. No, a 5-day stay does not cost half as much as the 10-day stay.

Is this correct???

Answers

Your answer makes sense. Though I would recommend using a different variable for each dog at the kennel. Like D. But other than that you're good!

Convert the unit as shown below.
2772 cu in. =
gal
2772 cu in. =
gal
(Type a whole number or a decimal. Type your answer using the appropriate number of significant digits.)

Answers

the answer is just 12

Rae's unpaid credit card balance was $1,603. Her APR is 28.6%. What is her new
balance after she makes one new transaction for $51? Round answer to the
hundredths place. If answer doesn't have a hundredths place then include a zero so
that it does. Use a word not a symbol for the units.

Answers

$2010.458 is her new balance after she makes one new transaction for $51.

What does a credit balance mean?

The amount that the credit card company owes you is shown as a credit balance on your billing statement. Each payment you make results in credits being added to your account.

                                   When you return something you purchased with your credit card, you can receive an additional credit.

Credit balance  = $1,603

   APR = 28.6%

        = 28.6%  * $1,603

         =   458.458

Credit balance  = $1,603 + 458.458

                        = $2061.458

  net balance =  $2061.458 - 51

                      = $2010.458

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(x3−8x2+2)÷(x−3)



Responses

x2−5x+15−43x−3
x squared minus 5 x plus 15 minus fraction numerator 43 over denominator x minus 3 end denominator end fraction

x2−5x−15+43x−3
x squared minus 5 x minus 15 plus fraction numerator 43 over denominator x minus 3 end denominator end fraction

x2−5x−15−43x−3
x squared minus 5 x minus 15 minus fraction numerator 43 over denominator x minus 3 end denominator end fraction

x2−5x−15+47x−3

Answers

Using the long division method, the division operation (x³ − 8x² + 2) ÷ (x − 3) gives x² - 5x - 15 + (-43)/(x -3). The correct option is the first option

x2−5x+15−43x−3

x squared minus 5 x plus 15 minus fraction numerator 43 over denominator x minus 3 end denominator end fraction

Dividing polynomials

From the question, we are to determine the quotient and the remainder of the given division operation

From the given information,

The given division operation is

(x³ − 8x² + 2) ÷ (x − 3)

The division operation can be carried out as follows:

                  x² - 5x - 15

x - 3 |  x³ − 8x² + 2              

          x³ - 3x²            

                -5x² + 0x

                -5x² + 15x          

                         -15x + 2

                         -15x + 45    

                                  - 43

From above, we can see that the quotient of the operation is x² - 5x - 15 and the remainder is -43

Hence, we can write that

(x³ − 8x² + 2) ÷ (x − 3) = x² - 5x - 15 + (-43)/(x -3)

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A school paid $35.25 for each calculator if the school bought x calculator how much did they pay

Answers

Answer:

they pay $x*35.25

Step-by-step explanation:

this is the answer

If I worked from 2:30pm to 7:00pm. How many hours did work?

Answers

Answer:

4.5 hours

Step-by-step explanation:

fbdjdbercyTxxivdu

Answer:

Basically You are asking how many hours we need to reach 7:00, if we are at 2:30, so: we need 4hours, to reach 6:30, and and extra 30minutes to reach 7:00pm. The answer is 4hours and 30minutes.

What is 5/8 + 1/2 equal

Answers

Answer:

9/8

Step-by-step explanation:

1/2 = 4/8

5/8 + 4/8 = 9/8

Write the standard form of the line that passes through the given points. Include your work in your final answer. Type your answer in the box provided to submit your solution.

(7, -3) and (4, -8)

Answers

Answer:

|x   y   1|

|7  -3   1| = 0

|4  -8   1|

x*(-3*1 - (-8)*1) - y*(7*1 - 4*1) + 1*(7*-8 - 4*-3) = 0

5x - 3y - 44 = 0

Step-by-step explanation:

A plane flying with a constant speed of 360 km/h passes over a ground radar station at an altitude of 1 km and climbs at an angle of 30°. At what rate (in km/h) is the distance from the plane to the radar station increasing a minute later? (Round your answer to the nearest whole number.)

Answers

The rate (in km/h) at which the distance from the plane to the radar station is increasing a minute later is 0 km/h (rounded to the nearest whole number).

To solve this problem, we can use the concepts of trigonometry and related rates.

Let's denote the distance from the plane to the radar station as D(t), where t represents time. We want to find the rate at which D is changing with respect to time (dD/dt) one minute later.

Given:

The plane is flying with a constant speed of 360 km/h.

The plane passes over the radar station at an altitude of 1 km.

The plane is climbing at an angle of 30°.

We can visualize the situation as a right triangle, with the ground radar station at one vertex, the plane at another vertex, and the distance between them (D) as the hypotenuse. The altitude of the plane forms a vertical side, and the horizontal distance between the plane and the radar station forms the other side.

We can use the trigonometric relationship of sine to relate the altitude, angle, and hypotenuse:

sin(30°) = 1/D.

To find dD/dt, we can differentiate both sides of this equation with respect to time:

cos(30°) * d(30°)/dt = -1/D^2 * dD/dt.

Since the plane is flying with a constant speed, the rate of change of the angle (d(30°)/dt) is zero. Thus, the equation simplifies to:

cos(30°) * 0 = -1/D^2 * dD/dt.

We can substitute the known values:

cos(30°) = √3/2,

D = 1 km.

Therefore, we have:

√3/2 * 0 = -1/(1^2) * dD/dt.

Simplifying further:

0 = -1 * dD/dt.

This implies that the rate at which the distance from the plane to the radar station is changing is zero. In other words, the distance remains constant.

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Determine the interval(s) for which the function shown below is decreasing.

Answers

When x increases the value of f(x) decreases called decreasing function thus the interval on which the function is decreasing is  (-∞, -5] ∪ [-2, 2].

What is a function?

A certain kind of relationship called a function binds inputs to essentially one output.

The machine will only accept specified inputs, described as the function's domain, and will potentially produce one output for each input.

As per the given graph of a random function,

The value of f(x) decreasing when x is increasing is the interval on which we can say that function is decreasing.

If we look at the extreme left of the graph and come towards the right then the curve is going downward till x = -5.

Therefore, in interval (-∞, -5] function is decreasing.

The function is again going down in intervals [-2,2].

Therefore in inteval  (-∞, -5] ∪ [-2, 2] the function is decreasing.

Hence "When x increases the value of f(x) decreases called decreasing function thus the interval on which the function is decreasing is  (-∞, -5] ∪ [-2, 2]".

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The given question is incomplete complete question is attached below ;

Determine the interval(s) for which the function shown below is decreasing.

equivalent for -5v+(-2)+1+(-2v)

Answers

Answer:

-7v-1

Step-by-step explanation:

=-5v+(-2)+1+(-2v)

=-5v-2+1-2v

=-5v-2v-2+1

=-7v-2+1

=-7v-1

How much on average did she make a week, if she worked 15 hours a week at $11/hour? (Rounded to the nearest whole dollar. Do NOT put the dollar sign.)

How much on average did she make a week, if she worked 15 hours a week at $11/hour? (Rounded to the nearest

Answers

Answer:

1265 i think

Step-by-step explanation:

add 11 15 times

Answer:165

Step-by-step explanation:

Solve the equation by factoring. X^2+2x-63=0

Answers

Answer:

x = -9 ; x = 7

Step-by-step explanation:

We have to find two numbers whose product is -63 and whose sum is 2

the two numbers are 9 and -7

(x+9)(x-7) = 0

x = -9

x = 7

The graph shows the area of forest cover in various regions of the world. Through afforestation, forest habitats have been established in areas that previously didn’t have forests. In which geographic region has this approach been most successful?

Answers

Answer:

Step-by-step explanation:

If the graph looks like the one attached, then East Asia is the only region showing an increase in forest cover over time.

The graph shows the area of forest cover in various regions of the world. Through afforestation, forest

Answer:

east asia

Step-by-step explanation:

got it right

if you were conducting an upper tailed test where the level of significance was 0.05 and the population standard deviation was not known, then which of the following excel commands would give you the critical value? the sample size is 26.

Answers

The following excel commands would give you the critical value is T.INV(0.95,25)

What is excel commands?

The following describe the commands in Excel: They carry out tasks the same way users do. They can change Excel settings, open, close, and edit documents, start recalculations, and other actions that users may perform (within the bounds of the interface being utilized). Excel's command menu interface is called the Ribbon. It logically and visually groups together frequently used actions. These make up the Ribbon's principal components. Related groupings of commands are grouped together by tabs.

Population sd is not available so we have to use t test.

0.95 is for upper bound and 25 is df of t test.

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What is the incorrect statement?show your work

What is the incorrect statement?show your work

Answers

The incorrect statement is the reflection is over x-axis.

Given that an image has been reflected to form another image, we need to find the incorrect statement from the given options,

A reflection is known as a flip.

A reflection is a mirror image of the shape.

An image will reflect through a line, known as the line of reflection.

A figure is said to reflect the other figure, and then every point in a figure is equidistant from each corresponding point in another figure.

So, here the image is reflected over y-axis so the rule (x, y) → (-x, y) can be followed,

Also, the orientation of the image is preserved.

Since, the transformation is reflection, so the image and pre-images are congruent.

Hence, the incorrect statement is the reflection is over x-axis.

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The incorrect statement is the reflection is over x-axis.

Given that,

an image has been reflected to form another image, we need to find the incorrect statement from the given options,

So, here the image is reflected over y-axis so the rule (x, y) → (-x, y) can be followed,

Also, the orientation of the image is preserved.

Since, the transformation is reflection, so the image and pre-images are congruent.

Hence, the incorrect statement is the reflection is over x-axis.

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Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations. Sales revenue $334910 Cost of goods sold 149030 Selling and administrative expenses 54000 Gain on sale of plant assets 32710 Unrealized gain on available-for-sale debt investments 9080 Interest expense 6360 Loss on discontinued operations 11260 Dividends declared and paid 4660 Compute the following: (a) Income from operations - (b) Net income - (c) Comprehensive income (d) Retained earnings balance at December 31, 2020 - Which type of visual arist creates a vision to help a company sell a product? Monthly sales of a particular personal computere ected dedine at the following computer per month where is time in months and in the number of computers sold each month 5 - 30 The company plans to stop manufacturing this computer when monthly sales reach 600 comptes ir monthly sale now it) 1,300 computers, find D. How long will the company continue to manufacture this computer Compare by finding the LCM of denominator 3/8 and 3/4 Dutch elm disease is a disease of elm trees caused by a fungus. The fungus lives off water and nutrients from the tree. It spreads through water-conducting vessels in thetree. Gum forms within these vessels in response to the fungus, and the tree weakens and dies. Beetles spread the fungus from infected trees. What is the relationshipbetween the fungus and the elm tree?A. predator-preyOB. mutualismC. commensalismD. parasite-host Dylan is saving money to buy a new bike that costs $195. He has $25 already saved and plans to save $40 each week. Which equation can be used to find the number of weeks he will need to save money to buy the bike? A section through a long retaining wall is shown in the figure below. During heavy rainfalls water seeps through the soil. A flow net is drawn for the seepage as shown in the figure. (a) Calculate the quantity of flow, Q, occurs toward the drain during a heavy rainfall if the coefficient of permeability of the soil is k=10 4 m/s. (b) Calculate the pore water pressure at points " A and " B " as shown in the figure below, assuming the weephole is working and draining water. (c) Calculate the pore water pressure at point " A and "B" assuming the weephole is blocked and no drainage can occur. Why were the Selma to Montgomery marches significant to the civil rights movement apex? Vacation Costs - Your family is planning a 7-day vacation in Florida. You estimate that it will cost $275 per day in Tampa and $400 per day in Orlando. Your total budget for the 7-days is $2,300. How many days do you spend in each location? Systems of equations only Explain the impact that the Immigration Act of 1924 had on American history. Why was it important? What is the legacy of it?? Select one of the readings in this unit and in at least one hundred words, discuss how the author uses parallelism and repetition. one of the readings from this unit is "I Have a dream" Help me with this question please. Which of the following should be done when choosing referral names of either physicians or facilities?-Be sure that the facility accepts the patient's insurance.-Be sure that all of the paperwork required by the insurance company has been completed.-The facility unaccepts the patient's insurance.-All of the paperwork required by the hospital give to insurance Hydrogen bonds are attractions a. between oppositely charged ions. b. between atoms, resulting in electron sharing. c. between cations. d. between atoms, each with partial electrical charges. e. that rely on hydrophobic interactions. which one of the following statements is correct with respect to the solvency of surplus lines insurers?select one:a. the a.m. best rating organization does not evaluate the financial performance of surplus lines insurers.b. the frequency of financial impairment among surplus lines insurers is consistently significantly higher than among admitted insurers.c. state guaranty funds pay the unpaid claims of surplus lines insurers that become insolvent.d. over the past ten years, u.s. surplus lines insurers have consistently performed better financially than the overall property-casualty industry. What policy might be the best strategy to reduce teenage drug use: Source control? Reliance on treatment? National education efforts? Community-level enforcement? Harm reduction measures? Explain and support your selection. K - 8 = -7 What is K? A track is deposited by moving the extrusion nozzle with speed,Us. Let us assume that the cross-section of the track is a semi-circle of radius Rt. Derive a relationship between dP Us,andRt dac You are configuring shared storage for your servers and during the configuration you have been asked to a supply a LUN. What type of storage are you configuring What does romeo think of juliet the first time he sees her?.