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gatorboy1788
19.05.2020 •
Mathematics
You can afford $1,000 per month as a house payment. If you can get a home loan at 5.3% interest for 15 years (paid monthly), how expensive of a home can you afford? In other words, what amount loan can you pay off with $1,000 per month for 15 years?
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Ответ:
You can afford $1,000 per month as a house payment.
You can get a home loan at 5.3% interest for 15 years (paid monthly).
Then, after 15 years, the price of house that you can afford would be:
A x (1 + (5.3/100)/12)^(12 x 15) = 2.2 x A
With payment of 1000$ per month in 15 years, then we have
2.2 x A = 1000 x 12 x 15 = 180000
=> The price of house that you can afford now, would be:
A = 180000/2.2 = 81818.2$
Hope this helps!
:)
Ответ:
x = 5
Step-by-step explanation:
First, we need to move all the x's onto one side:
-7x-3x+8x = -8-2
Then, we simplify:
-2x = -10
To find x, we need to divide each side by -2:
So then x = 5