A mortgage can take up to 25 years to pay off. Taking a $250,000 home, calculate the month-end payment for 15-, 20-, and 25-year periods using semi-annually compounded interest rates of 4%, 5.5%, and 7% for each period. What do you observe from your calculations?

Answers

Answer 1

Answer:

a-1. Using semi-annually compounded interest rates of 4%, or 0.04, we have:

M15 = $2,389.13

M20 = $2,091.10

M25 = $1,929.54

a-2. Using semi-annually compounded interest rates of 5.5%, or 0.055

M15 = $2,841.49

M20 = $2,580.47

M25 = $2,450.28

a-3. Using semi-annually compounded interest rates of 7%, or 0.07

M15 = $3,329.35

M20 = $3,108.80

M25 = $3,009.40

b-1. It can be observed that there is a negative relationship between the month-end payment and the payment period.

b-2. It can be observed that there is a positive relationship between the month-end payment and the semi-annually compounded interest rate.

Step-by-step explanation:

The month-end payment for each period can be calculated using the formula for calculating the present value (PV) of an ordinary annuity as follows:

Mn = PV / ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

Mn = month-end payment for a particular year period = ?

PV = Present value or home value = $250,000

r = Monthly interest rate = semiannual interest rate / 6 months

n = number of months = Number of years * 12 months

Using equation (1), we have:

a. Calculate the month-end payment for 15-, 20-, and 25-year periods using semi-annually compounded interest rates of 4%, 5.5%, and 7% for each period.

a-1. Using semi-annually compounded interest rates of 4%, or 0.04

M15 = $250,000 / ((1 - (1 / (1 + (0.04/6)))^(15*12)) / (0.04 / 6)) = $2,389.13

M20 = $250,000 / ((1 - (1 / (1 + (0.04/6)))^(20*12)) / (0.04 / 6)) = $2,091.10

M25 = $250,000 / ((1 - (1 / (1 + (0.04/6)))^(25*12)) / (0.04 / 6)) = $1,929.54

a-2. Using semi-annually compounded interest rates of 5.5%, or 0.055

M15 = $250,000 / ((1 - (1 / (1 + (0.055/6)))^(15*12)) / (0.055 / 6)) = $2,841.49

M20 = $250,000 / ((1 - (1 / (1 + (0.055/6)))^(20*12)) / (0.055 / 6)) = $2,580.47

M25 = $250,000 / ((1 - (1 / (1 + (0.055/6)))^(25*12)) / (0.055 / 6)) = $2,450.28

a-3. Using semi-annually compounded interest rates of 7%, or 0.07

M15 = $250,000 / ((1 - (1 / (1 + (0.07/6)))^(15*12)) / (0.07 / 6)) = $3,329.35

M20 = $250,000 / ((1 - (1 / (1 + (0.07/6)))^(20*12)) / (0.07 / 6)) = $3,108.80

M25 = $250,000 / ((1 - (1 / (1 + (0.07/6)))^(25*12)) / (0.07 / 6)) = $3,009.40

b. What do you observe from your calculations?

Two things can be observed from the calculations:

b-1. At a particular semi-annually compounded interest rate, the month-end payment decreases as the payment period increases. This implies that there is a negative relationship between the month-end payment and the payment period.

b-2. At a particular payment period, the month-end payment increases as the semi-annually compounded interest rate increases. This implies that there is a positive relationship between the month-end payment and the semi-annually compounded interest rate.


Related Questions

Have a good day everybody.......

Answers

thank you, you too! :D

Thank you and you too

Find the perimeter of ΔJKL. Round your answer to the nearest tenth if necessary

Answers

The answer is x = 86.4, hope this helps

Answer:

3.25

Step-by-step explanation:

the triangle=15+9 8.5=3.25 in answer find x.8 ∆JKL OPTIMIZE 1 UP 3...

What is the variable expression for 6 less than the difference of 5 and a number? * 3 points 6 - 5 - n 6 - n - 5 (5 - n) -6 6 - (5 - n)

Answers

Given:

The given statement is "6 less than the difference of 5 and a number".

To find:

The variable expression for the given statement.

Solution:

Let n be the unknown number or the variable.

We know that minus sign is used to represent the difference between two numbers.

Difference of 5 and a number is [tex](5-n)[/tex].

6 less than the difference of 5 and a number is [tex](5-n)-6[/tex].

The required expression for the given statement is [tex](5-n)-6[/tex].

Therefore, the correct option is C.

Which of the following statements are always true?


A trapezoid is a rhombus.

A trapezoid is a parallelogram.

A trapezoid is a quadrilateral.

A trapezoid is a rectangle.

Answers

Answer:

„A trapezoid is a quadrilateral.” ⇒ true

Step-by-step explanation:

This is a trapezoid. It is a quadrilateral with one pair of parallel sides while other sides are non-parallel. Here, the opposite angles are alternate, that is, they have together 180°.

Isosceles trapezoid

An isosceles trapezoid is a trapezoid with congruent base angles and congruent non-parallel sides. Here, the base angles are the same.

The line segment joining the midpoints of the parallel sides is perpendicular to the bases and the diagonals are the same in length.

Right-angled trapezoid

Trapezoid with two right angles and necongruent non-paralell sides.

Good luck:)

jayce travels 30 miles per hour in her car.how many miles does she travel in 4 hours

Answers

Answer:

120 miles

Step-by-step explanation:

30 miles per hour * 4 hours

120 miles

Answer:

She travels 120 miles in 4 hours.

Step-by-step explanation:

She travel in 4 hours = 30 miles × 4 = 120 miles

She travels 120 miles in 4 hours

(9-3)+18÷8
show your work ​

Answers

Answer:

(9-3)+18÷8

=6+ 9/4

Step-by-step explanation:

.............

Answer:

8.25

Step-by-step explanation:

(9-3) + 18 ÷ 8

6 + 18 ÷ 8

6 + 2.25

8.25

I hope it helps ^_^

he area of a rectangle is 44m , and the length of the rectangle is less than twice the width. Find the dimensions of the rectangle.

Answers

Answer:

4m x 11m

Step-by-step explanation:

4 is your width. 11 is your length.

4 x 4=16 > 11

Round the $40435.29 to the nearest thousand dollar

Answers

Answer:

$40000

Step-by-step explanation:

The nearest thousand dollar is rounding the thousand value from its hundred value, which in this case is 4. Since 4 is less than half of 10, the thousand value must round down to $40000.

Answer:

$40000.00

Step-by-step explanation:

Report this answer if its incorrect ^_^

A committee that consists of five members are to be chosen from 6 boys and 5 girls. Find the number of different committees that can be formed if the number of boys is more than the number of girls​

Answers

Answer:

281 different committees can be formed if the number of boys is more than the number of girls​.

Step-by-step explanation:

The order in which the people are chosen to the committee is not important, which means that the combinations formula is used to solve this question.

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

Number of boys more than the number of girls:

3, 4 or 5 boys.

3 boys:

3 boys from a set of 6.

2 girls from a set of 5. So

[tex]C_{6,3}C_{5,2} = \frac{6!}{3!3!} \times \frac{5!}{2!3!} = 200[/tex]

4 boys:

4 boys from a set of 6.

1 girl from a set of 5. So

[tex]C_{6,4}C_{5,1} = \frac{6!}{4!2!} \times \frac{5!}{1!4!} = 75[/tex]

5 boys:

5 boys from a set of 6. So

[tex]C_{6,5} = \frac{6!}{5!1!} = 6[/tex]

Total:

200 + 75 + 6 = 281

281 different committees can be formed if the number of boys is more than the number of girls​.

$975, and there is 7 percent sales tax on the purchase.
How much is the sales tax?

Answers

Answer:

$68.25

Step-by-step explanation:

To get the sales tax, you must notice that the sales tax is 7% of 975.

That is equal to:

975 × 0.07

0.07 is equal to 7%, or [tex]\frac{7}{100}[/tex].

The answer to the equation is 68.25.

F= P(1 + r)!
Rearrange the formula to highlight the present value.
P=

Answers

[tex]\tt\displaystyle\ P(1+r)!= r*(r-1) *(r-2)*(r-3) ..... *1[/tex]

HELP 20 points Congruence by SSS AND SAS NO LINKS

Answers

Answer:

where is the question oooo

Easy
a) -2,-5.-8.-11,...

Answers

Step-by-step explanation:

???????? what is easy??

What's your question

Use the distributive property to write the next step in simplifying the numerical expression. Use the asterisk symbol (*) to represent multiplication. Do not multiply factors fully and do not use spaces. 4(x + 9)​

Answers

Answer:

This is the expression:

4*x+4*9

A particle is projected with a velocity of [tex]40ms^-^1[/tex] at an elevation of 60°. Calculate the vertical component of its velocity at a height of 50m. (Take g = [tex]9.8ms^-^2[/tex])
A. [tex]25\sqrt{3} ms^-^1\\\\B.20\sqrt{3} ms^-^1\\\\c. 2\sqrt{545} ms^-^1[/tex]

Answers

Answer:

[tex]2\sqrt{55}\text{ m/s or }\approx 14.8\text{m/s}[/tex]

Step-by-step explanation:

The vertical component of the initial launch can be found using basic trigonometry. In any right triangle, the sine of an angle is equal to its opposite side divided by the hypotenuse. Let the vertical component at launch be [tex]y[/tex]. The magnitude of [tex]40\text{ m/s}[/tex] will be the hypotenuse, and the relevant angle is the angle to the horizontal at launch. Since we're given that the angle of elevation is [tex]60^{\circ}[/tex], we have:

[tex]\sin 60^{\circ}=\frac{y}{40},\\y=40\sin 60^{\circ},\\y=20\sqrt{3}[/tex](Recall that [tex]\sin 60^{\circ}=\frac{\sqrt{3}}{2}[/tex])

Now that we've found the vertical component of the velocity and launch, we can use kinematics equation [tex]v_f^2=v_i^2+2a\Delta y[/tex] to solve this problem, where [tex]v_f/v_i[/tex] is final and initial velocity, respectively, [tex]a[/tex] is acceleration, and [tex]\Delta y[/tex] is distance travelled. The only acceleration is acceleration due to gravity, which is approximately [tex]9.8\:\mathrm{m/s^2}[/tex]. However, since the projectile is moving up and gravity is pulling down, acceleration should be negative, represent the direction of the acceleration.

What we know:

[tex]v_i=20\sqrt{3}\text{ m/s}[/tex] [tex]a=-9.8\:\mathrm{m/s^2}[/tex] [tex]\Delta y =50\text{ m}[/tex]

Solving for [tex]v_f[/tex]:

[tex]v_f^2=(20\sqrt{3})^2+2(-9.8)(50),\\v_f^2=1200-980,\\v_f^2=220,\\v_f=\sqrt{220}=\boxed{2\sqrt{55}\text{ m/s}}[/tex]

# If two vectors whose direction ratios are 1,2,3 and -k,2,1 are perpendicular to each other then, a) k=7 b) k=4 c) k=3 O d) k=6 me especially since we had be 1 poir 82) I don't know why he turned friends for so long.​

Answers

Answer:

(a)k=7

Step-by-step explanation:

We are given that

Two vectors whose direction ratios are 1,2,3 and -k,2,1.

Let

[tex]a_1=1,b_1=2,c_1=3[/tex]

[tex]a_2=-k,b_2=2,c_2=1[/tex]

We have to find the value of k.

We are given that two vectors are perpendicular to each other.

We know that two vectors are perpendicular to each other then

[tex]a_1a_2+b_1b_2+c_1c_2=0[/tex]

Substitute the values

[tex]1(-k)+2(2)+3(1)=0[/tex]

[tex]-k+4+3=0[/tex]

[tex]-k+7=0[/tex]

[tex]\implies k=7[/tex]

Hence, option a is correct.

helppppp and explain pls and thankyouuu

Answers

Answer:

third option (7.5, 8)

this option (6, 5, -3)

Step-by-step explanation:

you eliminate one variant by expressing it through the other(s) until you have one equation with one variable.

that you solve, and then you go back to the other elimination expressions to calculate the others.

2x - y = 7

-2x + 3y = 9

since the terms with x are already so similar, we could now simply add both equations and solve that result :

2x + (-2x) -y + 3y = 7+9 = 16

0×x + 2y = 16

2y = 16

y = 8

=>

2x - 8 = 7

2x = 15

x = 7.5

x - 2y - 3z = 5

x + 2y + 3z = 7

x + z = 3

the same trick by adding the first 2 equations

x + x -2y + 2y -3z + 3z = 5 + 7 = 12

2x + 0y + 0z = 12

2x = 12

x = 6

=>

6 + z = 3

z = -3

and then

6 + 2y + 3(-3) = 7

6 + 2y - 9 = 7

2y - 3 = 7

2y = 10

y = 5

People pack seeds into foils and store them in a seed vault. Each foil contains 500 seeds. If the vault has 145,000 seeds altogether, how many foils are in the vault?

Answers

Step-by-step explanation:

dbdhdhbdbshsjakkakkajnwbsbdbdbdbbdbdbdvdvdvvvddvvdvd

Answer:

290 foils

Step-by-step explanation:

145,000÷500=290

look at image for question and answers​

Answers

Answer:

ANSWER :

it's x + 3 + x

i need help in this question that is in the photo

Answers

The answer is A, 1. In the statement x^2 >x, if we try 4, 5 and 8 for x, we get 16, 25 and 64 for x^2. The statement is true. But if we try x = 1, when we square it we still have 1. Therefore for x=1, x^2>x is false.

Find the measure of angle A.
54.99
35.1°
50.7°
39.3°

Answers

Hi there!

[tex]\large\boxed{35.1^o}}[/tex]

We can once again use right triangle trig:

We are given the hypotenuse and adjacent sides, so cosine must be used:

cosA = A / H

thus:

cosA = 9/11

Use inverse trig to solve:

cos⁻¹(9/11) ≈ 35.1°

true or false: The function f(x) = 3/x + 7x a polynomial

Answers

Answer: False

Step-by-step explanation:

If you graph this using Desmos, you can clearly see that for every x value, there are multiple y values.

A function has only one output(y) for every input(x)

True, The function f(x) = 3/x + 7x is a polynomial.

What is a polynomial?

An expression that consists of variables, constants, and exponents that is combined using mathematical operations like addition, subtraction, multiplication, and division is referred to as a polynomial.

Given:

The function : f(x) = 3/x + 7x

Simplifying,

f(x) = 3/x + 7x

f(x) = (3 + 7x²)/x.

And it is a polynomial with the variable x.

Therefore,  it is a polynomial with the variable x.

To learn more about the Polynomials;

brainly.com/question/11536910

#SPJ2

HELPP!
The functions f(x) and g(x) are described using the following equation and table:
f(x)=-4(1.09)x

Answers

Given:

The function is:

[tex]f(x)=-4(1.09)^x[/tex]

The table of values for the function g(x).

To find:

The equation that best compares the y-intercepts of f(x) and g(x).

Solution:

We have,

[tex]f(x)=-4(1.09)^x[/tex]

Putting [tex]x=0[/tex], we get

[tex]f(x)=-4(1.09)^0[/tex]

[tex]f(x)=-4(1)[/tex]

[tex]f(x)=-4[/tex]

So, the y-intercept of the function f(x) is -4.

From the given table of values, it is clear that the function f(x) passes through the point (0,-4). So, the y-intercept of the function g(x) is -4.

The y-intercept of f(x) is equal to the y-intercept of g(x).

Therefore, the correct option is A.

Answer:

A) The y-intercept of f(x) is equal to the y-intercept of g(x).

At a football stadium, 25% of the fans in the attendance were teenagers. If there were 190 teenagers at the football stadium, what was the total numbers of the people at the stadium?

Answers

Answer:

760

Step-by-step explanation:

25%= 190

100 = 25 × 4

100% (total number of people) = 190 × 4 = 760

FOR EASY BRAINLIEST ANSWER QUESTION BELOW!

1. Solve each word problem .twice a number added three times the sum of the number and 2 is more than 17. Find the numbers that satisfy condition

Answers

Answer:

28

Step-by-step explanation:

I need some help with this one. Please give it a go! Thank you for your time.

Answers

Answer:

Step-by-step explanation:

Hello there

I'm also a student so I'm not 100% sure on this one, but I think I know.

Usually when you have functions you just replace the letters for their value:

f = 11x

g = x² - 6x + 3

h = -x + 4

Th exercise is asking for (g * h) (x)

Since there are parenthesis, here's what we have:

[(x² - 6x + 3)(-x + 4)](x)

Use the left side of the equation:

[(x² - 6x + 3)(-x + 4)](x)

And solve it:

-x³ + 6x² -3x + 4x² - 24x + 12

That's equal to

-x³ + 10x² -27x + 12

Multiply all that by that x on the left:

-x^4 + 10x³ -27x² + 12x

No idea if that's right so please tell me

brainlest if correct !!!!!

Answers

Answer: C. x > 0

Step-by-step explanation:

It is an empty circle, meaning the value of 0 is not included in the inequality, so it's not ≤ or ≥.The arrow goes to the right, towards values greater than 0, therefore it is > and not <.

The answer would be x > 0.

Answer:

C

Step-by-step explanation:

I NEED HELP WITH THIS ONE TOO !!

Answers

Answer:

40°

100 + 80 = 180

60 + 80 = 140

140+ 40 = 180

Step-by-step explanation:

Answer:

m<C+m<D=100 degrees   m<D=40 degrees

Step-by-step explanation:

Let ABCD and EFGH be two quadrilaterals such that ABCD ~ EFGH. If AB = 15 cm, EF = 18 cm and the perimeter of ABCD is 40 cm, find the perimeter of EFGH.​

Answers

Step-by-step explanation:

this photo is correct answer of this question.

PLESE ANSWE ASAPPPPP

Answers

Answer:

Number of terms: 2

Degree: 1

Step-by-step explanation:

✔️A term can either be a coefficient with a variable, a variable, or a constant.

In the polynomial given, 10y + 2, there are two terms:

First term is a coefficient with a variable = 10y

Second term is a constant = 2

The two terms are: 10y and 2

✔️Degree of a polynomial is the highest exponents possessed by any of its term.

10y has an exponent of 1.

The degree of the polynomial therefore will be 1

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