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Anna [14]
2 years ago
8

You own a house and land with an assessed value of $55,580. Every year, you pay a total of $2,834.58 in property taxes. What is

your local property tax rate? a. 0.051 b. 0.058 c. 0.019 d. 0.066
Mathematics
2 answers:
Butoxors [25]2 years ago
7 0

The answer would be A

Ludmilka [50]2 years ago
4 0
Tax rate = property taxes / assessed value 
= 2,834.58 / 55,580
= 0.051

the answer is A.

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340? TBD add the two numbers.
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Marvin has a coupon the discount is the rental of a full-size car by $25 they decide to buy insurance for each day if the cost i
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Answer: Marvin needs approximately 19 days to rent the car.

Step-by-step explanation:

Since we have given that

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Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly. What will his balance be after he has made exactly
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Answer:

The balance be after he has made exactly half of his monthly payments is $56881.4.

Step-by-step explanation:

Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.

To find : What will his balance be after he has made exactly half of his monthly payments?

Solution :

Formula of monthly payment ,

M=\frac{\text{Amount}}{\text{Discount factor}}  

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i=\frac{4}{100}=0.04  

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n=10\times12=120  

Now, put all the values we get,  

D=\frac{1-(1+i)^{-n}}{i}  

D=\frac{1-(1+0.04)^{-120}}{0.04}  

D=\frac{1-(1.04)^{-120}}{0.04}  

D=\frac{1-0.00903}{0.04}  

D=\frac{0.9909}{0.04}  

D=24.7725  

M=\frac{\text{Amount}}{\text{Discount factor}}  

M=\frac{40000}{24.7725}  

M=1614.69  

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Payment for 10 years is 807.345\times 120=96881.4

The balance is $96881.4-$40000=$56881.4

Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.

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Answer:

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