You can save a significant amount of mortgage interest paid if you make one additional principal and interest payment a year. This will reduce a 30-year mortgage by around 6 years. It also increases your equity in the home faster. If you choose to pay one additional mortgage payment a year by paying 1/12 of it each month (make certain to note the extra money is to reduce principal), how much will you pay each month for a mortgage of $152,000 at 3.5% for 16 years?

Answers

Answer 1

Answer:

A = $237,120.00

I = A - P = $85,120.00

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 3.5%/100 = 0.035 per year.

Solving our equation:

A = 152000(1 + (0.035 × 16)) = 237120

A = $237,120.00

The total amount accrued, principal plus interest, from simple interest on a principal of $152,000.00 at a rate of 3.5% per year for 16 years is $237,120.00.


Related Questions

An education researcher is comparing four different algebra curricula. Eighth grade students are randomly assigned to one one of the four groups. Their state achievement test scores are compared at the end of the year. Use the appropriate statistical procedure to determine whether the curricula differ with respect to math achievement. An alpha criterion of .05 should be used for the test.
n mean std
curriculum 1 50 170.5 14.5
curriculum 2 50 168.0 12.8
curriculum 3 50 167.6 17.7
curriculum 4 50 172.8 16.8

Answers

Answer:

Hello your question has some missing parts attached below is the missing part of the question

answer :

a)  population mean

b) Null hypothesis: H0 : u1 = u2 = u3= u4  while the

Alternate hypothesis H1  : shows that all given values are equal

Step-by-step explanation:

a) Define the parameter of interest in the context

The parameter of interest in the context is the population mean

b) state The Null hypothesis and the alternate hypothesis

Null hypothesis: H0 : u1 = u2 = u3= u4  while the

Alternate hypothesis : H1 : shows that all given values are equal

Derek weighs 155 pounds and drives a utility vehicle that can carry no more than 220 pounds. He plans to use his utility vehicle to haul blocks to his backyard. Which inequality shows the number of 3 pounds, b, Derek can haul at one time on his utility vehicle

Answers

By the looks of this the answer is E

Derek weighs 155
155+220

Please, can someone help me on math? Struggling a bit.

Answers

to find the perimeter you just multiply the numbers for example

for number one just multiply 4 and 6 which is 24

find the value of x^2 +xy if x =4 and y = 3

Answers

It is 20 how to solve: 4*2+4*3

THE CORRECT ANSWER IS 12 FAVORS!!

Answers

Answer:

yes the answer in 12 fpavers

Step-by-step explanation:

wa

A salesperson at a jewelry store earns 5% commission each week last week heidi sold $540 worth of jewelry how much did she make in the commission how much did the jewelry store make from her sales

Answers

Answer: $27

Step-by-step explanation:

$540x.05=$27

Answer:

Heidi made $27 from commision; And the store made $513 (i had this question my self on Saavas)

Step-by-step explanation:

1. 540x0.05=27

2. 540-27= $513

So the store made 513 dollars and heidi made 27 dollars

Find the unit rate.
21 grams of fat in 3 servings
The unit rate is
g/serving.

Answers

Answer:

7 grams of fat per serving

Step-by-step explanation:

21/3=7, unit rate is 7 grams of fat per serving

The sum of two integers is 9 their difference is 5 what are the 2 integers

Answers

the two integers are 7 and 2

(LOTS OF POINTS) Please just help me!!!

Answers

Part 1) 396 work at fast food.

Part 3) 8$ left

Part 4) 170 each

1. Find the slope of the line that passes thru the points (7,11) (13,17).

Answers

Answer:

go on cymath it helps alot with solving slopes

Step-by-step explanation:

Need help fasssssssst

Answers

Answer:

40%

Step-by-step explanation:

that is easy

35.408 in expanded form

Answers

Answer:

30+5+0.4+0.00+0.008

I hoped this helped u :)

Step-by-step explanation:

Answer:

30 + 5 +.4 + .008

Step-by-step explanation:

Didn't see a comma so I'm assuming you wanted as decimal, if I messed up tell me it's late I'm not thinking the best rn.

the figure consists of a quarter circle and a parallelogram. what is the area of the composite figure? use 3.14 for . Round to the nearest whole number.
70in.²
84in.²
154in.²
224in.² ​

Answers

Answer:

224

Step-by-step explanation:

the area of a circle is [tex]\pi[/tex][tex]r^{2}[/tex], so for the circle plug in your numbers:

(3.14)([tex]14^{2}[/tex]) = 615.44

divide this by 4 because t=in the picture you only have a fourth of a circle:

615.44 / 4 = 153.86

the formula for area of a trapezoid is [tex]\frac{a + b}{2}[/tex] × h

so plug in your values: [tex]\frac{14+14}{2}[/tex] × 5

you get 70

add 70 and 153.22

70 + 153.22 = 223.22

this can round to 224

The average number of hours for a random sample of amazon orders for a specific product was 39 hours last year. It is believed that the opening of a nearby warehouse has led to a reduction in the shipping and delivery time. To test the validity of this belief, the hypotheses are

Answers

Answer:

H0: μ ≥ 39

Ha : μ < 39

Step-by-step explanation:

Given:

Specific production hour = 39

Explanation:

The given data is a left tailed test.

So,

The null hypothesis is ;

H0: μ ≥ 39

The alternative hypothesis is ;

Ha : μ < 39

You are buying bottles of glue for Mrs. Perro's class. A bottle of glue is $0.74. Which equation can be use to find the number bottles she purchased for $12.58?

Answers

15.75$$


She used all the money up so that’s how much she has

Which equation can be used to solve for x in the following diagram?
(6z- 15)°
Choose 1 answer.
z= (6z-15)
O z-(6z-15) = 90
O z+(6z- 15) = 90
4 of 7

Answers

Answer:

I'm answering this for points

Brandi wants to participate in an after-school program. She has to choose between one art class, three dance classes, bwo gymnastics classes, or three sports casses. She cannot decide, so she writes the name of each class on a slip of paper and draws one slip out of a bag. What is the probability that she does not draw a dance class?​

Answers

Answer:

Step-by-step explanation:

Its 1/3 just put that it will be right I promise

PLEASE HELP!! IT DUE TODAY! im begging you please help me out

Answers

Answer:

11(2r+1)

16(2t+1)

9(4+c)

14(3k+2)

Step-by-step explanation:

no real way to explain besides factor them and take the largest common factor out

Answer:

1) 11(2r+1)

2) 16(2t+1)

3) 9(4+c)

4) 14(3k+2)

Step-by-step explanation:

Factor these expressions, find the GCF and divide the GCF on both the numbers, keep the numbers and put them in parenthesis and put the GCF on the outside of the parthensesis.

Help please! This has to do with the Pythagorean theorem.

Answers

Answer:

x = 11.49

Step-by-step explanation:

Apply the pythagorean theorem to find x

Thus:

a² + b² = c²

Where,

a = x = ???

b = 8

c = 14 (hypotenuse)

Plug in the values

x² + 8² = 14²

x² + 64 = 196

x² = 196 - 64 (subtraction property of equality)

x² = 132

x = √132

x = 11.49 (approximated to nearest hundredth)

( Need Help Now!!!!!!) Noelle has four times as many apples in her grocery bag as her friends Dakota and Kylie combined. Dakota has 1 apple in her bag. Noelle has 16 apples in her bag. How many apples does Kylie have in her grocery bag? The equation 4(x + 1) = 16 models this situation. Which choice shows the sequence of operations needed to solve this problem, using both arithmetic and algebra?​

Answers

Answer:

3 Apples

Step-by-step explanation:

3 + 1 = 4, 4 x 4 = 16 Apples :D

Answer:

The answer is 6 Apples

Step-by-step explanation:

You have to ad 3+2 equals 4 then 4 times 4  is 16 so the answer is 16 apples.

3 + 1 = 4, 4 x 4 = 16 Apples

PLEASE HELP THIS IS DUE AT 10 PM

Answers

lol it would be too hard to explain by typing but here you go,, hopefully u can read my writing

Which ratio is larger, 10 to 15 or 14 to 21?

Answers

Answer:

I am pretty sure that is it 14 to 21

Step-by-step explanation:

Sorry if i am wrong

The monthly expenditures on food by single adults in one city are monthly distributed with a mean of $410 and a standard deviation of $70

Answers

Answer:

is the whole question asked?

#11 PLEASE HELP!!! URGENT!! NEED ASAP!!!

Answers

Answer:

See bolded answers

Step-by-step explanation:

Since 1=100%, then 1.15=115%, meaning x increased by 15% is correct

Since 1=100%, then 0.15=15%, meaning 15% of x is correct

Since 1=100%, then 0.85=85%, meaning x decreased by 15% is correct

Derek has 6 feet of ribbon that he needs to cut into 2/3 feet pieces. How
many pieces of ribbon can Derek cut?

Answers

Answer:

The correct answer is 9 pieces of ribbon.

Step-by-step explanation:

9 is correct because if you do 6 divided by 2/3 you equal 9, therefore 9 is the correct answer

HAVE A GOOD DAY!

Which of the following represents the measures of all angles coterminal with a -220° angle?
O 360 + 140n, for any whole number n
O 360 + 140n, for any integer n
O 140 + 360n, for any whole number n
O 140 + 360n, for any integer n

Answers

Answer n 9 Explanation 140 degrees is the measure of each angle and the sum of ... So degrees and radians are related by the following equations 360 2 ... Measure angles in whole number degrees using a protractor.

The measurement of all angles co-terminal with a -220° angle is represented by 140+ 360 n, for any integer number n.

What are Co-terminal angles?

These are the angles which shares the same initial line or terminal side. They are obtained by adding or subtracting 360° from the given angles.

Given, angle is -220° then its one positive co-terminal angle= -220°+360 = 140°

So, 140° is a positive co-terminal angle of -220°.

Therefore, co-terminal angle must be the type of 140°+360° n,

Learn more about  Co-terminal angles.

https://brainly.com/question/14692520

#SPJ5

please help algebra II

Answers

Answer:

yes its a function

Step-by-step explanation:

A function is a problem that has an x value used only once. in this problem you provided, it goes horizontal across the x axis so no x value will be used twice.

can someone help me with this geometry problem?

Answers

Answer:   VW < UW < UV

=========================================================

Explanation:

The exterior angle is 137, so the interior angle adjacent to that is 180-137 = 43. This is interior angle U of triangle UVW.

Let's find the missing angle W

U+V+W = 180

43+68+W = 180

111+W = 180

W = 180-111

W = 69

We have three three interior angles of triangle UVW

U = 43V = 68W = 69

The longest side is opposite the largest angle, so the longest side is UV

The shortest side is opposite the smallest angle, so the shortest side is VW

The order of the sides from smallest to largest is

VW < UW < UV

Refer to the diagram below.

Find the measure of angle A.
3)
74
16x + 1
19x
A
A) 82°
C) 57°
B) 69°
D) 49°

Answers

Answer:

I think its 69* but I be wrong so good luck

Step-by-step explanation:

i would believe it’s 69

9) Eva can knit of a scarf in an hour. Her sister takes 3/4 of the time she takes. How long will her sister take to knit 8 similar scarves?

Answers

Answer:

it would take 360 minutes or 6 hours

Step-by-step explanation:

Answer:

6 hours

Step-by-step explanation:

3/4 of an hour is 45 mins, 45 minutes times 8= 360

Convert to hours and you get 6 hours.

Mark me brainiest

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