Pauline Romer has taken a $100000 mortgage loan on her house at an interest rate of 3 percent per year. If the mortgage calls for 20 equal annual payments, what is the amount of each payment?

Answers

Answer 1

Answer:

5000

Step-by-step explanation:

Answer 2

Using the mortgage interest principle, the amount of equal payment to be made ls $8000

Mortgage payment = $100000

Interest rate = 3%

The total amount to repayed can be calculated thus :

Mortgage payment × interest rate × time

Number of annual payments = 20

Total repayment = 100000(1 + (0.03 × 20))

Total repayment = 100000 + 60000 = $160,000

Amount of each payment = $160000 / 20 = $8000

Therefore, the amount to be repayed annually is $8000

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Related Questions

Anna spent $2.75 at the school store. She bought two erasers and some pencils. How many pencils did she buy? Write and Solve an equation. If needed, use P to represent the number of pencils, and E to represent the number of Erasers. (This is for Multi-step Linear Equations)

Answers

Answer:

How much per a pencil and eraser? I'll help you out from there :)

Simplify the expression using the distributive property 2(5c+8)

Answers

Answer:

The answer is -2.5c-4d

-0.5(5c)=-2.5C

And

-0.5(8d)=-4d

Hey there!

The Distributive Property states the following:

a(b+c)=ab+ac

where

a, b, and c can be either constants or variables.

Now, let's simplify:

2(5c+8)

10c+16 (answer)

Hope everything is clear.

Let me know if you have any questions!

#ILoveLearning

:-)

Use the chart and graph to find the number of pairs of size 10 1/2 shoes the store orders for a total order of 175 pairs of shoes.

Answers

Answer

Ste2p-by-step explanation:

20 BECAUSE IM DOING THE SAME TEST 20 BECAUSE COUNT UP A COLUMN

Which is true of the standard form of the equation of the line graphed the value of a can be

Answers

Answer:

Consider the equation 3p - 7 + p = 13. What is the resulting equation after the first step in the solution?

Step-by-step explanation:

answer-4p - 7 = 13

What is an equation in point-slope form of the line that passes through (1, −6) and (4, 6)?

Answers

Answer:

y=4x-10

Step-by-step explanation:

On a test a student got 15 problems correct out of a total of 20 problems.
What percent did the student get incorrect?
HURRY

Answers

Divide 15 by 20

15 divided by 20 is 75%

9. Which expression is equivalent to 14(8x−36)+2x? (1 point)

a. 10x - 36

b. 30x

c. 4x - 9

d. 4x - 36

Answers

Answer:

Step-by-step explanation:

14(8x-36)+2x

112x -504 +2x

114x-504

Which reason justifies statement 2?

A) Vertical angles are congruent

B) Corresponding angles are congruent

C) Alternate interior angles are congruent

D) Alternate exterior angles are congruent

Answers

Answer:

C. Alternate interior angles are congruent

Step-by-step explanation:

<Y and <4 are two alternate angles within the two parallel lines cut across by the transversal, hence, they are called alternate interior angles.

Alternate interior angles are always congruent to each other. Therefore, the reason that justifies statement two: "<Y ≅ <4", is "Alternate interior angles are congruent".

Choose the correct rule for the graph shown. Please Help 30POINTS

Answers

Answer:

B

Step-by-step explanation:

Answer:

B) y=3x

Step-by-step explanation:

Write 7 more than w is 25 as an algebraic equation.

Answers

Answer:

w+7=25

Step-by-step explanation:

if you need it solved its

w+7=25

   -7 -7  

w=18

Answer:

7+w=25

Step-by-step explanation:

when it says more than, that's addition, so 7 more than w is 7+w

25 is the answer so that's self explanatory

28 is 7 times what number?
8 is 32 times what number?
4000 is 4 times what number?
Choose one part and explain how you know your answer is correct.

Answers

Answer:

1) 28 divided by 7 equals 4

2) 32 divided 8 equals 4

3) 4000 divided by 4 equals 1000

i hope these are right!

Answer:

4

1/4

1000

multiply it by the reciprocal of the 2nd number

Step-by-step explanation:

Please help !! Which are pairs of vertical angles?


< AOC and





Answers

Answer: all of them

Step-by-step explanation:

Todd and Kyle wrote down these numbers. Todd’s number is 78,452 Kyle’s number is 94,725 Which statement below is true about the values of the numbers? *

The value of the 2 in Todd’s number is 10 times larger than the value of the 2 in Kyle's number.

The value of the 5 in Kyle’s number is 10 times larger than the value of the 5 in Todd's number.

The value of the 4 in Kyle’s number is 10 times larger than the value of the 4 in Todd’s number.

The value of the 4 in Todd's number is 10 times larger than the value of the 4 in Kyle’s number.

Answers

Answer:

Your answer would be The third option or C

Step-by-step explanation:

Answer:

c) The value of the 5 in Kyle’s number is 10 times larger than the value of the 5 in Todd's number.

Step-by-step explanation:

math answer

What is the polynomial of least degree with the given zeroes O with a
multiplicity of 3, -1 with a multiplicity of 2, i, and -i?

Answers

Answer:

the answer is by making this question make sense and less confusing

Step-by-step explanation:

helpppp it’s my friends birthday

Answers

-2(13/20)
there you go

Choose the correct expression for 10 decreased by 3x

Answers

Answer:

10-3x=0

    3x=10

    x=10/3

Step-by-step explanation:

the answer is x= 10/3

Of the 16 children at the park, 10 are riding bicycles and 6 are riding skateboards. Select the
statements for which the ratio is correct.
a. The ratio of bicycles to skateboards is 10 to 6
b. The ratio of skateboards to children is 3.8
c. The ratio of bicycles to children 6 to 16
d. The ratio of skateboards to children is 6 10
The ratio of bicycles to children is 5,8
The ratio of bicycles to skateboards is 5.3
e
f.
f

Answers

Answer:

Step-by-step explanation:

its a or e

Answer:

A

Step-by-step explanation:

A is bicycles to skateboards which is 10:6

Write the next three terms: 7,10,13,16,

Answers

Answer:

7,10,13,16,19,21,24,27

Step-by-step explanation:

Add 3 every time

I hope this helped you! If it did, please consider rating, pressing thanks, and giving my answer 'Brainliest.' Have a great day! :)

Solve for w.

w−8=32


w = 4

w = 24

w = 40

w = 256

Answers

Answer:

w=40

Step-by-step explanation:

Let's solve your equation step-by-step.

w−8=32

Step 1: Add 8 to both sides.

w−8+8=32+8

w=40

.......W=40........ So C

hhhhhhhhhhhhhhhhhelp hhhhhhhhhhhhhhhhhelp hhhhhhhhhhhhhhhhhelp hhhhhhhhhhhhhhhhhelp hhhhhhhhhhhhhhhhhelp

Answers

Answer:

B is the answer

Step-by-step explanation:

hey luv the answer is (d.) :)

Someone please help me with number 6 lve been stuck on it forever

Answers

Answer:

x = 10

Step-by-step explanation:

8x - 13 = 5x + 17 (DE = EF)

8x - 5x = 17 + 13

3x = 30

x = 10

Helpppppppppppppppp it is due now

Answers

the answer is : 120


you add 15+45 then subtract by 180

is 0.75 repeating irrational or rational

Answers

Answer:

This is a rational decimal and is not a repeating decimal.

Step-by-step explanation:

Stands steakhouse has a server to cook ratio of 5 to to tell a number of servers and cooks are 42 how many servers the stands steakhouse employ

Answers

Answer:

Stands Steakhouse has 210 servers.

Step-by-step explanation:

5 servers to 1 cook.

5/1 = x/42

x = 5 * 42 = 210

The point-slope form of the equation of a line that passes through points (8, 4) and (0, 2) is y - 4 = (x – 8). What
is the slope-intercept form of the equation for this line?
O y = 1 x - 12
O y = -x-4
O y=+*+2
O y=x+6

Answers

Answer: y = x/4 + 2

Y equals one fourth x plus two.

Step-by-step explanation:

There seems to be a typo on answer choice c.

Slope intercept form is y= mx + b

m is the slope. b is the y-intercept.

The y-intercept is given here in the coordinate (0,2) It is +2

Slope is rise/run.

Rise: Difference in given y-values is 4-2 = 2.

Run: Difference in x-values is 8-0=8.

So the slope is 2/8 = 1/4

The equation is y = 1/4 x + 2

a water park is designing an incline for guests to boogie board on as shown below
PLEASE HELP

Answers

the answer would be ≈43.7

Please help me I am confused

Answers

Add 8 to both sides of the equation

ANSWER QUICKLY!!!11!!!1!1

what is 3/4 divided by one - sixths

Answers

4.5, or 9/2 or 4 1/2

3/4 ^ 5/12 = 3/4 x _______

Answers

2/3 I think I hope it’s right

help ⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️⁉️ 3) Scott is twice as old as Ben. Donna is 6 years older than Ben. The sum of their ages is 34. How old are Donna, Scott, and Ben?​

Answers

Answer:

S=2B

D=B%2B6

S%2BD%2BB=34

Substitute,

2B%2BB%2B6%2BB=34

 

4B%2B6=34

4B=28

B=7

Then,

S=2%287%29=14

D=7%2B6=13

Step-by-step explanation:

hope this helps

Answer:

donna is 13

scoot is 14

ben is 7

Step-by-step explanation:

2x+6=34 2x+6-6=34-6 2x=28[tex]\frac{2x}{2} =\frac{28}{2}[/tex]x=14

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