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TTownsel2390
25.07.2021 •
Mathematics
A family is thinking about buying a new house
costing 380 000$. They must pay 110 000$ down and the rest is to
be amortized over 25 years in equal monthly payments. If money
costs 7% compounded monthly
(A)What will their monthly payment be?
(B)What will be unpaid balance after 20 years?
(C)How much total interest will be paid over the 25 years?
Solved
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Ответ:
a.) 1908.30
b.) 96373.15
c.)302491.15
unrounded answers below
Step-by-step explanation:
The amount that is to be loaned out is 380000-110000=270000
The effective montly rate is .07/12=.005833333
a.)
b.)
use what is called the prospective method (the outstanding loan balance at time n is equal to the present value of the remaining payments)
c.)
total paid= 1908.303833*12*25=572491.1499
amount of loan: 270000
Total interest paid:
572491.1499-270000=302491.1499
Ответ:
980
Step-by-step explanation:
Here is your answer :-
➡ 49 × 17 + 49 × 3
➡ 49 ( 17+3 )
➡ 49 × 20
➡ 980
Answer : 980
Hope it will help you !!!