brighamc23
02.07.2019 •
Mathematics
Shelley purchased a home in myland heights, mo, for $204,000. her down payment was 20% of the cash price, and she obtained a mortgage for 20 years at 7%. what's shelley's monthly payment? a. $2,896.43 b. $1,546.43 c. $2,456.43 d. $1,266.43
Solved
Show answers
More tips
- F Food and Cooking How to Make Sushi: A Step-by-Step Guide to Perfectly Rolled Delights...
- C Cities and Countries Which Country has the Most Expensive Visa?...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
- S Sport Playing Bowling: Rules and Advice for Novices...
- C Computers and Internet How to Properly Repartition a Hard Drive?...
- A Auto and Moto What Is the Cost of Customs Clearance for a Car in Russia?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
Answers on questions: Mathematics
- M Mathematics What is the true solution in 20+in 5=2 in x?...
- M Mathematics Use the concept of volume to explain why the determinant of a 3×3 matrix a is zero if and only if a is not invertible. what must be done to prove that the determinant of a 3×3 matrix...
- M Mathematics A1-pound bag of candy-coated chocolate-covered peanuts contained 224 pieces of candy, each colored brown, orange, green, or yellow. test the null hypothesis that the machine filling...
- M Mathematics Arandom survey of 100 students asked each student to select the most preferred form of recreational activity from five choices. following are the results of the survey: recreational...
- M Mathematics For each customer, a bakery charges p dollars for the first loaf of bread bought by the customer and charges q dollars for each additional loaf bought by the customer. what is the...
- M Mathematics True or false. one (six-sided) fair die is rolled, and one (two-sided) fair coin is tossed. if the coin turns up heads, then the number of spots showing on the die is the value (score)...
- M Mathematics If 12 workers can do piece of work in 20 days how many workers should be added to complete the work in 16 days...
- M Mathematics What is the factored form of this expression? x2 − 81...
- M Mathematics Explain the importance of family health....
- M Mathematics The graph of y= 2 *and the graph of y= 2 xare symmetrical. what is the line of symmetry? the x-axis y = x the y-axis y=-x...
Ответ:
shelley purchased a home in Myland Heights, MO, for $204,000. Her down payment was 20% of the cash price, and she obtained a mortgage for 20 years at 7%.
20% of amount is paid on cash
20% of 204,000 is 0.2* 204,000= 40800
Remaining amount of loan to be paid = 204,000 - 40,800=163,200
Now we apply monthly loan payment formula
MP is the monthly payment amount
PV is the loan amount
r is the interest rate
n is the number of payments per year
t is the time in years
Interest rate is 7% = 0.07. so r= 0.07
n = 12, t= 20 , PV= 163200
Plug in all the values in the formula
MP = 1265.28786
So answer is D
Ответ:
lol
Step-by-step explanation:
im not even sure try using google