Mathematics, 20.02.2020 06:46 meccadm
Anissa is considering buying her first home. The house she is interested in buying is priced at $125,000. Anissa qualifies for a 30-year mortgage at 6%. What will her monthly mortgage payment be?
A) $629.53
B) $697.87
C) $805.23
D) $749.44
Answers: 2
![EMI=\frac{P\timesr\times(1+r)^{n}}{[(1+r)^{n}-1]}](/tpl/images/0517/0539/25847.png)
![EMI=\frac{P\times r\times(1+r)^{n}}{[(1+r)^{n}-1]}=\frac{125000\times 0.005\times(1+0.005)^{360}}{[(1+0.005)^{360}-1]}=\frac{3764.11}{5.023}= 749.4381\approx749.44](/tpl/images/0517/0539/206b4.png)
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 14:30, mcouil9369
Which functions are even? check all of the boxes that apply. f(x) = x4 – x? f(x) = x2 – 3x + 2 f(x) = (x - 2) f(x) = x done
Answers: 3
Mathematics, 21.06.2019 17:00, cassandrabeliles
The variable in a relation who’s value depends on the value of the independent variable is called what?
Answers: 1
You know the right answer?
Anissa is considering buying her first home. The house she is interested in buying is priced at $125...
Questions in other subjects:
Biology, 19.05.2021 19:50
Business, 19.05.2021 19:50
Mathematics, 19.05.2021 19:50
Mathematics, 19.05.2021 19:50
Mathematics, 19.05.2021 19:50
Mathematics, 19.05.2021 19:50
