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ozzi
2 years ago
8

. A condo in Orange Beach, Alabama, listed for $1.4 million with 20% down and financing at 5% for 30 years. What is the monthly

payment?
Mathematics
1 answer:
vovikov84 [41]2 years ago
8 0
Listed price = $1.4 million
Down payment = 20% of $1.4 million = 0.2 x 1,400,000 = 280,000
Amount left to pay = $1.4 million - 280,000 = $1,120,000
Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / r
where: PV = $1,120,000
r = 5% = 0.05
t = 12
n = 30 years.
1,120,000 = P(1 - (1 + 0.05/12)^-(12 x 30)) / 0.05
1,120,000 x 0.05 = P(1 - (1 + 1/240)^-360)
56,000 = P(1 - 0.2238)
P = 56,000 / 0.7761 = 72,148.83
Therefore, the monthly payment is $72,148.83
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A park ranger has 32 feet of fencing to fence four sides of a rectangular recycling site. What is the greatest area of recycling
wariber [46]
The greatest area he can fence is 64 ft².

In order to maximize area and minimize perimeter, we use dimensions that are as close to equivalent as possible.  32 feet of fence for 4 sides gives us 8 feet of fence per side.  We would have a square whose side length is 8; the area would be 8*8 = 64.
8 0
2 years ago
Read 2 more answers
If angle ABC is one degree less than three times angle ABD and angle DBC=47 find each measure
Contact [7]

It has not been indicated whether the figure in the questions is a triangle or a quadrilateral. Irrespective of the shape, this can be solved. The two possible shapes and angles have been indicated in the attached image.

Now, from the information given we can infer that there is a line BD that cuts angle ABC in two parts: angle ABD and angle DBC

⇒ Angle ABC = Angle ABD + Angle DBC

Also, we know that angle ABC is 1 degree less than 3 times the angle ABD, and that angle DBC is 47 degree

Let angle ABD be x

⇒ Angle ABC = 3x-1

Also, Angle ABC = Angle ABD + Angle DBC

Substituting the values in the above equations

⇒ 3x-1 = x+47

⇒ 2x = 48

⇒ x = 24

So angle ABD = 24 degree, and angle ABC = 3(24)-1 = 71-1 = 71 degree

8 0
2 years ago
The equations below represent the numbers y of tickets sold after x weeks for two different local music festivals
Anton [14]
Assuming you mean y=10x+150 and y=20x+115, you need to use a simultaneous equation, because you have two equations with two unknowns (x and y)

rearrange so
10x-y=-150
20x-y=-115

multiply the top by -1, so that if we add the two lines together, the y will cancel out
-10x+y=150
20x-y=-115

add the two lines together
10x=35
x=3.5

so the time is 3 and a half weeks

then we can sub in x to find y
20x-y=-115
20(3.5)-y=-115
70-y=-115
-y=-185
y=185

so 185 tickets were sold !
you can sub these values into your original equations to check your answer :)
5 0
2 years ago
Read 2 more answers
The most popular mathematician in the world is throwing aparty for all of his friends. As a way to kick things off, they decidet
ratelena [41]

Answer:

The no. of possible handshakes takes place are 45.

Step-by-step explanation:

Given : There are 10 people in the party .

To Find: Assuming all 10 people at the party each shake hands with every other person (but not themselves, obviously) exactly once, how many handshakes take place?

Solution:

We are given that there are 10 people in the party

No. of people involved in one handshake = 2

To find the no. of possible handshakes between 10 people we will use combination over here

Formula : ^nC_r=\frac{n!}{r!(n-r)!}

n = 10

r= 2

Substitute the values in the formula

^{10}C_{2}=\frac{10!}{2!(10-2)!}

^{10}C_{2}=\frac{10!}{2!(8)!}

^{10}C_{2}=\frac{10 \times 9 \times 8!}{2!(8)!}

^{10}C_{2}=\frac{10 \times 9 }{2 \times 1}

^{10}C_{2}=45

No. of possible handshakes are 45

Hence The no. of possible handshakes takes place are 45.

4 0
2 years ago
If 25% of 150 is equal to 700 percent of n, then n is equal to what number?
adelina 88 [10]
25% of 150 = 37.5
700% of x = 37.5
x = 5.35714285
5 0
2 years ago
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