Paul lands a home mortgage of $58,00 at a 7.40% interest rate. He plans to pay this after 3 years. What will the total principles + interest payment be?

The answer to the question is

The total principles + interest payment is $64,854.00

Step-by-step explanation:

To solve the question, we not that

Home mortgage value = $58000

Interest rate, r = 7.4 % annually = 7.4/12 % monthly or 0.62 % monthly

Duration of payment  = 3 years = 3 × 12 =36 months

Monthly payment is given by

=  = $1,801.5

Cumulative interest payed is given by

M×n - P = 1801.5 × 36 - P =$6, 854

Total principles + interest payment = M × n = $64,854.00

step-by-step explanation:

in the absence of parentheses, i will have to make some assumptions:   i interpret your (3x+5/y^6)(4y^3/5)​ to mean:

3x + 5     4y^(3/5)       (3x + 5)(4)

* =

    y^6             1               y^(6-3/5)

if this is not what you expected, repost your question using parentheses to indicate whether you meant

4y^3

    or   4y^(3/5)

    5

$15 each

step-by-step explanation:

$45/3 children= $15 each