Shane is paying $0.40 per $100 on his $455,000 home in homeowners’ insurance annually. if his annual homeowners’ insurance premium is divided into twelve equal monthly payments to be included on each of his monthly mortgage payments of $2325.00, what is his total monthly payment

$2,476.67

Step-by-step explanation:

Data provided in the question:

Annual insurance amount paid = $0.40 per $100 on his $455,000 home

Monthly mortgage payments = $2325.00

Now,

Annual insurance amount = [ $0.40 ÷ $100 ] × $455,000

= $1,820

Therefore,

Monthly insurance amount = [ Annual insurance amount ] ÷ 12

= $1,820 ÷ 12

= $151.67

Therefore,

His total monthly payment

= Monthly mortgage payments + Monthly insurance amount

= $2325.00 + $151.67

= $2,476.67

, and

for

step-by-step explanation:

we can analyze the pattern at which the terms increase. let us denote , , , so that we can call

note the following:

the pattern: to get the next term value, we just add the next term number (e.g. 1st, 2nd, to the previous term value (term values are the given numbers in the question, 1, 3, 6, 10, 15,

from , to get to , we add

from , to get to , we add

etc.

we need to form a recursive formula, a formula that has the next term as a function of the previous term. so a possible recursive formula can be

, and for

h/o/e/s mad

step-by-step explanation:

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