answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
katen-ka-za [31]
2 years ago
8

Tony addison obtained a 20-year, $45,000 mortgage loan from united savings with an interest rate of 8.5%. his monthly payment is

$390.60. after the first payment, what is the new principal? $41,675.34 $42,395.68 $45,578.87 $44,928.15
Mathematics
1 answer:
Anna007 [38]2 years ago
4 0

As given,  

Loan amount is = $45000

Rate of interest = 8.5%

So, Tony's mortgage will attract an interest of:

45000\times\frac{8.5}{100} = $3825  (this is yearly)

And for 1st month it will be = \frac{3825}{12}=  $318.75  

As given, the first month's payment is $390.60 and this covers the interest Additional amount ($390.60 - $318.75 = $71.85) is a payment against the principle.

Hence, the new principle after the 1st month is $71.85 less than $45000

= 45000-71.85 = $44928.15

Hence, the last option $44928.15 is the correct answer.

You might be interested in
I can buy 4 basketballs for $44. At that same rate, how much would 8 basketballs cost
Advocard [28]

Answer:

$88.00

Step-by-step explanation:

4 0
2 years ago
Read 2 more answers
What is the solution of (4x-16)1/2=36^
MArishka [77]

Answer:

Answer is  x=328 .

Step-by-step explanation:

solution= (4x-16)^1/2=36

squaring both sides we get

 4x-16=129

 4x=1296+16

 x=(1296+16)/4

  x=328 .

8 0
2 years ago
Read 2 more answers
connie made 1 1/3 pounds of trail mix for a hike.Is there a way connie can break up the trail mix into four equal bags without h
mestny [16]
11/3 = 3.67
3.67 divided by 4 = 0.92

So, yes. You can have 4 bags with each one having 0.92 pound of trail mix.
4 0
2 years ago
There are two cables coming off the top of a building from the same point. Each cable is secured to the ground. The longest cabl
Bas_tet [7]

Call the point of attachment at the top of the building point T. (Angle T = 25°) The angle N = 180° -32° -25° = 123°. The Law of Sines tells you the relationship ...

... TM/sin(N) = MN/sin(T)

... MN = TM·sin(T)/sin(N) = (200 ft)·sin(25°)/sin(123°)

... MN ≈ 100.8 ft

6 0
2 years ago
Read 2 more answers
Aaron, Blaine, and Cruz are solving the equation 4 7 (7 − n) = −1. Aaron started his solution by multiplying both sides of the e
hjlf

Answer:

D. All three chose a valid first step toward solving the equation.

Step-by-step explanation:

Aaron, Blaine, and Cruz are solving the equation 4/7 (7 − n) = −1. Aaron started his solution by multiplying both sides of the equation by 7/4 . Blaine started by using the distributive property to multiply 4/7 by both 7 and −n. Cruz started by dividing both sides of the equation by 4/7 .

Which of the following is true?

A. Blaine and Cruz made an error in picking their first steps.

B. Cruz made an error in picking his first step.

C. All three made an error because the right side equals -1.

D. All three chose a valid first step toward solving the equation.

Given:

4/7(7 - n) = -1

Aaron:

4/7(7 - n) = -1

Multiple both sides by 7/4

4/7(7 - n) * 7/4 = -1 * 7/4

7 - n = -7/4

- n = -7/4 - 7

- n = (-7-28)/4

- n = -35/4

n = 35/4

Blaine:

4/7(7 - n) = -1

4/7(7 - n) × 7 = -1 × 7

4(7 - n) = -7

28 - 4n = -7

-4n = -7 - 28

- 4n = - 35

n = -35/-4

n = 35/4

Cruz:

4/7(7 - n) = -1

Divide both sides by 4/7

4/7(7 - n) ÷ 4/7 = -1 ÷ 4/7

4/7(7 - n) × 7/4 = -1 × 7/4

7 - n = -7/4

- n = (-7-28)/4

- n = -35/4

n = 35/4

D. All three chose a valid first step toward solving the equation.

7 0
2 years ago
Other questions:
  • A barrel of crude oil contains about 5.61 cubic feet of oil. How many barrels of oil contained in 1 mile (5280 feet) of a pipeli
    10·1 answer
  • A rain gutter is to be constructed of aluminum sheets 12 inches wide. After marking off a length of 4 inches from each edge, thi
    13·2 answers
  • Leon evaluated the expression (–4a – 6) + a2 for a = 8. (-4(8) - 6) + 82 (-32-6) + 82 (-38) + 82 (-38) + 16 –19 + 16 –3 Analyze
    15·2 answers
  • what is the equation of the line of best fit for the following data round the slope and y intercept of the line to three decimal
    10·2 answers
  • Nico dropped the brand new bottle of dog shampoo and 3 ounce spilled out. He measured 1 1/4 ounces each time he shampoos his dog
    6·2 answers
  • Kamila has a rectangular lawn that measures 80 by 150 feet. She wants to lay gravel made from colored rock in a border, 6 feet w
    5·1 answer
  • Seams Personal advertises on its website that 95% of customer orders are received within four working days. They performed an au
    8·1 answer
  • Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,
    15·1 answer
  • 12. A cyclist travels 40 km at a speed of x km/h. Find the time
    13·2 answers
  • Tiana has already taken 1 page of notes on her own, and she will take 1 page during each hour of class. In all, how many hours w
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!