Donna is thinking about buying a house that costs $125,000. If she puts down $25,000 and is able to get a 5 percent mortgage, she wants an estimate of her total monthly housing expenses. The average annual cost for owning a house, beyond the 5% cost of mortgage interest, is 4.09 percent of the value of the house. Not including the opportunity cost of the down payment, amortization on the loan, or any tax benefits from homeownership, what will be her monthly cost the first month?



A. $206.25


B. $279.60


C. $842.71


D. $746.43

Donna Is Thinking About Buying A House That Costs $125,000. If She Puts Down $25,000 And Is Able To Get

Answers

Answer 1

Donna can expect her total monthly housing expenses to be approximately $842.71 for the first month after purchasing the house, assuming no tax benefits or amortization on the loan.

To calculate Donna's monthly housing expenses, we first need to determine the total amount of the mortgage. Since she puts down $25,000 on a $125,000 house, she will need to take out a mortgage for $100,000.

Next, we can calculate the annual cost of owning the house beyond the 5% cost of mortgage interest, which is given as 4.09% of the value of the house. So, 4.09% of $125,000 is:

0.0409 x $125,000 = $5,112.50

This means that Donna can expect to pay approximately $5,112.50 per year in additional expenses associated with owning the house.

To calculate the monthly cost, we simply divide this by 12:

$5,112.50 / 12 = $426.04

So, Donna can expect to pay approximately $426.04 per month in additional expenses associated with owning the house.

Adding the cost of the mortgage interest, we can calculate her total monthly housing expenses as follows:

Total monthly housing expenses = Mortgage interest + Additional annual costs / 12

Mortgage interest = 5% of $100,000 = $5,000 per year or $416.67 per month

Total monthly housing expenses = $416.67 + ($5,112.50 / 12) = $416.67 + $426.04 = $842.71

Hence, Donna can expect her total monthly housing expenses to be approximately $842.71

For more such questions on mortgages click;

brainly.com/question/1318711

#SPJ1


Related Questions

Can someone help me? Write a rule for nth term of the arithmetic sequence with a1=7 and the common difference is 3

Answers

Answer:

[tex]a_n=3n+4[/tex]

Step-by-step explanation:

If the common difference is d=3 and the first term is a₁=7, then we can create an arithmetic sequence:

[tex]a_n=a_1+(n-1)d\\a_n=7+(n-1)(3)\\a_n=7+3n-3\\a_n=3n+4[/tex]

A square piece of sheet metal (24 in x 24 in)
is used to make an open box (no lid). Equal
squares are cut out of each corner, and the
edges are folded up to make the box.
What is the maximum volume, V, of the box?

Answers

The maximum volume of the box is 864 cubic inches.

Let side length of the square cut from each corner is x inches.

After cutting the squares from each corner, the remaining dimensions of the sheet metal will be:

Length: 24 - 2x inches

Width: 24 - 2x inches

Height: x inches

So, the volume of the box

V = (24 - 2x) (24 - 2x)  x

V = x(24 - 2x)²

To find the maximum volume, we can take the derivative of V with respect to x, set it to zero, and solve for x:

dV/dx = (24 - 2x)² - 2x(24 - 2x) = 0

4x² - 96x + 576 = 0

Solving the quadratic equation,

x = 6 and x = 12.

We can substitute x = 6 into the volume equation to find the maximum volume:

V = 6(24 - 2(6))²

V = 6(12)²

V = 6 x 144

V = 864 cubic inches

Therefore, the maximum volume of the box is 864 cubic inches.

Learn more about Derivative here:

https://brainly.com/question/29144258

#SPJ1

Can someone please answer and provide an explanation for these problems?

Answers

The values of x for the tangent segments to the circles are: (25). x = 2 and (26). x = 4

What are the segments tangent to the circle

A theorem of tangents to a circle states that if from one exterior point, two tangents are drawn to a circle then they have equal tangent segments.

(25). 2x - 1 = x + 1 {equal tangent segments}

2x - x = 1 + 1 {collect like terms}

x = 2

(26). 2x - 4 = x {equal tangent segments}

2x - x = 4 {collect like terms}

x = 4

Therefore, the values of x for the tangent segments to the circles are: (25). x = 2 and (26). x = 4

Read more about tangent to circle here:https://brainly.com/question/9132922

#SPJ1

Find k so the product of the roots is -4 if 3x² + 5x + 3k = 0

Answers

Answer:

k = - 4

Step-by-step explanation:

given a quadratic equation in standard form

ax² + bx + c = 0 ( a ≠ 0 ) , then the product of the roots is [tex]\frac{c}{a}[/tex]

3x² + 5x + 3k = 0 ← is in standard form

with a = 3 and c = 3k , then

[tex]\frac{c}{a}[/tex] = - 4 , that is

[tex]\frac{3k}{3}[/tex] = - 4 ( multiply both sides by 3 to clear the fraction )

3k = - 12 ( divide both sides by 3 )

k = - 4

D
(x+2)(x+6)=0
In the problem shown, to conclude that x+2=0 orx+6=0, one must use the:
O zero product property
O division property
O transitive property
O multiplication property
H
OI

Answers

Answer:

zero product property

Step-by-step explanation:

To conclude that x+2=0 or x+6=0 from the equation (x+2)(x+6)=0, one must use the zero product property.

The zero product property states that if the product of two factors is equal to zero, then at least one of the factors must be equal to zero. In this case, if (x+2)(x+6)=0, it means that the product of (x+2) and (x+6) is zero. Therefore, we can conclude that either (x+2) = 0 or (x+6) = 0, based on the zero product property.

evaluate 6a +4b -3c when a=4 , b=7 , and c=-2 (a) 26 (b) 16 (c) 46) (d) 58​

Answers

Answer:

(d) 58

Step-by-step explanation:

Let's start with the equation:

6a+4b-3c

Now, since we got the values of a, b, and c, we can just plug them into the equation:

6(4)+4(7)-3(-2)

24+28+6=58

So the answer is d) 58

Suppose it is known that 879 of young Americans earn a hig of 1600 young Americans is selected.
a) Describe the distribution of the proportion of people in t high school diploma.
chool diploma. A random sample
same who have earned their
b) What is the probability that at least 88% of the sample of 1600 young Americans will have earned their high school diploma?

Answers

(a) The distribution of the proportion of people in t high school diploma = 0.0158.

(b)  the probability that at least 88% of the sample of 1600 young Americans will have earned their high school diploma is extremely small.

Given that,

(a) Based on the central limit theorem, the normal distribution may be used to approximate the fraction of persons in the sample who have a high school diploma.

The mean proportion of individuals in the population who have earned their high school diploma can be estimated as

⇒ 879/1600 = 0.5494.

The standard deviation can be estimated as the square root of (0.5494*(1-0.5494)/1600)

=0.0158

b) To find the probability that at least 88% of the sample of 1600 young Americans will have earned their high school diploma,

We need to use the normal distribution with a mean of 0.5494 and a standard deviation of 0.0158.

We can standardize the value of 88% to the corresponding z-score:

z = (0.88 - 0.5494) / 0.0158

  = 20.99

Using a standard normal distribution table or calculator, we find that the probability of a z-score this large or larger is essentially zero,

So the probability that at least 88% of the sample will have earned their high school diploma is extremely small.

Learn more about the probability visit:

https://brainly.com/question/13604758

#SPJ1

The distribution of monthly charges for cellphone plans in the United States is approximately normal with a mean of $62 and a standard deviation of $18. What percentage of plans have charges that are less than $83.60?

Answers

About 88.49% of cellphone plans have charges that are less than $83.60.

How to determine the percentage of plans have charges that are less than $83.60?

To determine the percentage of plans that have charges less than $83.60, we need to find the z-score (z) using the given mean and standard deviation, and then look up the corresponding area under the normal distribution curve.

z = (x – μ) / σ

where x = 83.60, mean, μ =  62 and standard deviation, σ = 18

Thus, the z-score of $83.60 is:

z = (83.60 - 62) / 18 = 1.2

Using a standard normal distribution table, we can find that the area to the left of z = 1.20 is 0.8849 or 88.49% (check image attached).

Therefore, about 88.49% of cellphone plans have charges that are less than $83.60.

Learn more about normal distribution on:

https://brainly.com/question/4079902

#SPJ1

Please help urgent thank you

Answers

If he wants an average of 84, he needs to get at least 93 points.

What score does he need to get in the next test?

Remember that the average value between 3 values A, B, and C is:

(A + B + C)/3

Here we know that the first two scores are 76 and 83 points, let's say that the third score is x, if we want to have an average of 84 or more, then we need to solve:

(76 + 83 + x)/3 = 84

159 + x = 252

x = 252 - 159

x = 93

So he needs to get at least 93 points in the next exam.

Learn more about averages at:

https://brainly.com/question/20118982

#SPJ1

What is x? Because I don’t know g how to work it out

Answers

Answer:

45 degrees

Step-by-step explanation:

The 4 angles of a quadrilateral will add to 360.

We know 1 of them (angle B) is 90 degrees.

We can set up an equation to solve the others.

2x+3x+x+90 = 360

Now solve for x.

Start by combining the x terms together.

6x+90 = 360

6x = 360-90

6x = 270

(6x/6) = 270/6

x = 45 degrees

Check back to see if that makes sense and if the equation equals 360 when x is 45:

2x+3x+x+90 = 360

2(45)+3(45)+45+90=360.

lin's family needs to travel 325 miles to reach her grandmother's house at 377 miles what percentage have they completed

Answers

Lin's family has completed approximately 86.15% of the total Distance to her grandmother's house.

The percentage of the distance Lin's family has completed, the ratio of the distance they have traveled to the total distance.

The distance traveled is 325 miles, and the total distance to Lin's grandmother's house is 377 miles.

To calculate the percentage, we can use the following formula:

Percentage = (Distance Traveled / Total Distance) * 100

Plugging in the values, we have:

Percentage = (325 / 377) * 100

          = 0.8615 * 100

          = 86.15

Therefore, Lin's family has completed approximately 86.15% of the total distance to her grandmother's house.

To know more about Distance .

https://brainly.com/question/30395212

#SPJ11

What is the value of i 20+1
1
-1
i
-i

Answers

the value of 20+1 should be one bc thats what it equals

AABC is similar to ADEF.
Find x.
D
A
6
B
8
PADEF = 60
[?]
X =

Answers

We can solve for x by equating the two ratios:

a/b = 6/8 = 3/4

We can conclude that x is equal to 3/4.

To find the value of x in the given scenario, where triangles AABC and ADEF are similar, we can use the concept of corresponding sides in similar triangles.

From the given information, we know that the lengths of sides AB and DE are in proportion with each other, as the triangles are similar. Let's denote the length of AB as a and the length of DE as b. Similarly, let's denote the length of BC as c and the length of EF as d.

Since the corresponding sides are in proportion, we can set up the following equation:

AB/DE = BC/EF

Substituting the given values, we have:

a/b = 6/8

To find the value of x, we need to determine the ratio of the corresponding side lengths. Dividing both sides of the equation by 6, we get:

a/6 = b/8

Cross-multiplying, we have:

8a = 6b

Now, we can solve for x by equating the two ratios:

a/b = 6/8 = 3/4

We can conclude that x is equal to 3/4.

For more such questions on ratios, click on:

https://brainly.com/question/13513438

#SPJ11

8 +[13-(2+1] =
20
18
-3

Answers

Answer: false

Step-by-step explanation:

How many different ways can president, vice president, and secretary be chosen from a group of 24 individuals?

Answers

The number of ways to choose a president, vice president and secretary from a set of 24 individuals is given as follows:

12,144 ways.

What is the permutation formula?

The number of possible permutations of x elements from a set of n elements is given by:

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

The permutation formula is used when the order in which the elements are chosen is important, which is the case for this problem. The order is important as there are different roles, that is, president, vice president and secretary.

For this problem, 3 people are chosen from a set of 24, hence the number of ways is given as follows:

P(24,3) = 24!/21! = 12144.

More can be learned about the permutation formula at https://brainly.com/question/12468032

#SPJ1

factorise fully:

1) 2014² - 2013²

please explain and help​

Answers

4027


The rule of the “difference of two squares” says $$2014^2 - 2013^2 = (2014 +2013) * (2014 - 2013)$$

= (2014 +2013) * (2014 - 2013)
= 4027 * 1
= 4027

Haru recorded how long his bus ride to school took for `16` days.



Here are the values of the quartiles.



About how many rides would you expect to be less than `6.5` minutes long?

Answers

The number of rides that one would expect to be less than `6.5` minutes long is 4 rides.

How to determine the number of rides

To determine the number of rides, we will first begin by classifying the quartiles. There are 4 quartiles that each constitute 25% of the ride timing.

The number of rides that one would expect to be less than 6.5 minutes can be gotten by finding 25% of 16, the total days recorded. This is 1/4 * 16 = 4. So, the number of rides that will be less than 6.5 minutes will be 4 rides.

Learn more about quartiles here:

https://brainly.com/question/28169373

#SPJ1

3. In a cooking class, Martin pours 500 milliliters
of broth into a pot. He then adds 1,500 milliliters
of water to the broth. How much total liquid is in
the pot?
A. 1 liter
B.
2 liters
C.
3 liters
D. 5 liters
C

Answers

Answer:The correct answer is C. 3 liters.

Step-by-step explanation:

To determine the total amount of liquid in the pot, we need to add the volume of the broth and the volume of the water.

The broth has a volume of 500 milliliters, and the water has a volume of 1,500 milliliters. Adding these together, we get:

500 mL + 1,500 mL = 2,000 mL

Since there are 1,000 milliliters in a liter, we can convert the volume to liters:

2,000 mL ÷ 1,000 = 2 liters

Therefore, the total amount of liquid in the pot is 2 liters.

The first shelf of one bookcase is 2 inches off the ground. The second shelf is 1’5” above the first the third shelf is 1’3” above the second and the fourth shelf is 1’2” above the third. The top shelf is 1’4” above the fourth how high off the ground is the top shelf.

Answers

answer: 5'6"

step by step: 1'5"+2"=1'7"+1'3"=3'0"+1'2"=4'2"+1'4"=5'6"

What is the value of x *
7+5x
47°

Answers

The answer is going to be 8

Answer: X = 8

Step-by-step explanation:

47 - 7 = 40

40 / 5 = 8

x = 8

find the center and radius by completing the square x2+6x+y2-16y-8=0​

Answers

center- (-3,-8) radius- (3)

In Algebra, a minus symbol [-] will represent two things, an operation of subtraction and a negative number, depending on where it's placed.
(a) True
(b) False​

Answers

Answer:

It is true that in algebra minus symbol represent two things

Step-by-step explanation:

And it is true that it depend on where it placed such as

8-2 this minus indicate the substraction of two terms

-3 this show that the number has negative quantity

A student is establishing the A.A criterion for the similarity of triangles [MN and [QR. The student writes LMLN ~ ZQLR What other information can the student use to establish the AA criterion?

Answers

The other information can the student use to establish the AA criterion is Angle LMN congruent angle LQR or angle LMN congruent angle LRQ

The student can use the following information to establish the AA criterion:

Angle MLN congruent angle QLR (already given)Angle LMN congruent angle LQR or angle LMN congruent angle LRQ (either one will work)

These two angles correspond to the two angles in the other triangle (LQR or LRQ) that are not congruent to the angle already known to be congruent (angle QLR).

Therefore, the AA congruent for similarity can be congruent .

Learn more about Similarity here:

https://brainly.com/question/26451866

#SPJ1

Which expressionis equivalent to 60m-2n6/5m-4n-2 for all values of m and n where the expression is defined?

Answers

The expression that is equivalent to [tex]\\\\\frac{60m^-2n^6\\}{5m^-4 n^-2}[/tex] for all values of m and n where the 5m-4n-2 expression is defined is [tex]12m^{2} n^{8}[/tex]

How can the expression be known?

In mathematics, an expression or mathematical expression  can be described as the finite combination of symbols which is been analyzed and  well-formed according by following some set of rules which could be varies base on the kind of the symbol as ll as the operation  that are involved in the expression and it s been done  depending on the context so that another expression can be gotten.

This is given as   [tex]\\\\\frac{60m^-2n^6\\}{5m^-4 n^-2}[/tex]

Then we have it defined by;  [tex]12m^{2} n^{8}[/tex]

Learn more about expression at;https://brainly.com/question/22816547

#SPJ1

Cual es la sucesión aritmética de 3,8,13,18,23

Answers

Equation [1] : a(n) = 3 + (n - 1)5 represents the step where he made the mistake.

We have,

A mathematical expression is made up of terms (constants and variables) separated by mathematical operators. A mathematical equation is used to equate two expressions. Equation modelling is the process of writing a mathematical verbal expression in the form of a mathematical expression for correct analysis, observations and results of the given problem.

We have a student who used the explicit formula a[n] = 5+3(n-1) for the sequence 3,8,13,18,23,...to find the 12th term.

The given sequence is -

3 , 8 , 13 , 18 , 23, ..

Here -

d = 8 - 3 = 13 - 8 = 5

a = 3

a(n) = a + (n - 1)d      {for arithmetic sequence}

a(n) = 3 + (n - 1)5     ...Eq[1]

a(n) = 3 + 5n - 5

a(n) = 5n - 2

Therefore, Equation [1] : a(n) = 3 + (n - 1)5 represents the step where he made the mistake.

To solve more questions on Equations, Equation Modelling and Expressions visit the link below -

brainly.com/question/14441381

#SPJ1

complete question:

A student uses the explicit formula an= 5+3(n-1) for the sequence 3,8,13,18,23,...to find the 12th term. Explain the error the student made.

Which equation is the inverse of y = x² - 36?
Oy=± √√x +6
Oy=+√√x+36
O y=+√√x +36
Oy=+√√x²+36

Answers

Answer:

Step-by-step explanation:

Answer:   B y = ±[tex]\sqrt{x+36}[/tex]

Step-by-step explanation:

To find the inverse of any equation.  Switch the x and the y then solve for y.

y = x² - 36                      >switch variables

x = y² - 36                      >add 36 to both sides

x+36=y²                         >take square root of both sides

y = ±[tex]\sqrt{x+36}[/tex]  

B

A rectangle has an area of 114cm squared and a perimeter of 50 cm. What are its dimensions

Answers

Answer:

width = 6

length = 9

Step-by-step explanation:

Perimeter = 2(length + width) or P = 2(l + w)

2(l + w) = 50

l + w = 25

l = 25 - w

Area = length x width or A = lw

lw = 114

Substitute l = 25 - w into the lw = 114

(25 - w)w = 114

25w - w^2 = 114

-w^2 + 25w - 114 = 0

=> w^2 - 25w + 114 = 0

we have x = [-b ± √(b^2 - 4ac)] / 2a

w = [-(-25) ± √((-25)^2 - 4(1)(114)))] / 2(1)

w = [25 ± √(625 - 456)] / 2

w = [25 ± √(169)]/2

w = [25 ± 13]/2

w = [25 + 13]/2 = 38/2 = 14

or

w = [25 - 13]/2 = 12/2 = 6

if width = 14, length = 25 - 14 = 11

then area = 14 x 11 = 154, this is incorrect answer

if width = 6, length = 25 - 6 = 19

then area = 6 x 19 = 114, this is correct answer

you and a friend have created a carnival game for your classmates. you plan to charge $1 for each time a student plays, and the payout for a win is $5. according to your calculations, the probability of a win is .05 what is your expected value for this game?​

Answers

Answer:

The expected value for this game is -$0.75, indicating that, on average, players would expect to lose $0.75 per game.

Step-by-step explanation:

Expected Value = (Probability of Winning * Payout for Win) - Cost of Playing

In this case:

Probability of Winning = 0.05

Payout for Win = $5

Cost of Playing = $1

Expected Value = (0.05 * $5) - $1

Expected Value = $0.25 - $1

Expected Value = -$0.75

when y is directly proportional to x. When x= 2.5, y=20. what is the value of y when x= 22?

Answers

If it’s proportional that means you can put it in a ratio
Y:X
20:2.5
8:1
176:22

What is the length of this circle?

Answers

The length of arc length s is 1152π² or 11358.26.

We have,

The arc length of a circle can be calculated using the formula:

Arc Length = 2πrθ/360

Where:

π is a mathematical constant approximately equal to 3.14159.

r is the radius of the circle.

θ is the central angle subtended by the arc, measured in degrees.

The arc length of a circle can be written as:

s = angles/360 x 2πr _______(1)

Now,

r = 4 cm

Angle = (2/5)π

Now,

Substitute in (1).
s = angles/360 x 2πr

s = (2/5)π/360 x 2π x 4

s = 2π x 72 x 2π x 4

s = 4π² x 288

s = 1152π²

or

s = 11358.26

Thus,

The length of arc length s is 1152π² or 11358.26.

Learn more about arc lengths here:

https://brainly.com/question/16403495

#SPJ1

Other Questions
como se cuidan esas plantas nativas Can we always be aware of Our happiness? This image shows someone practicing good hygiene. A woman holding a tissue to her nose. What does this hygiene practice help prevent? smelling unwanted body odors the transmission of disease exposure to toxic chemicals the spread of common pests Which of the following is the constant in the equation below:16x + 42 = 7816x164278 A model car is 7.5 inches long made with a scale of 2 inches = 48 inches. How long is the actual car?a) 15b) 20c) 180d) 360WILL MARK BRANLIEST! In a survey of 1800 people who owned a certain type of car, 1260 said they would buy that type of car again. What percent of the people surveyed were satisfied with the car? El viraje que realiza el feminismo radical consiste fundamentalmente en defender que The boy sat close to his friend. "Close" in this sentence is a/an: -adverb. -adjective -noun -verb Bo wants to conduct research on the history of suspense movies, but he also wants to make sure that horror moviesdo not come up in his search results.How should Bo format his internet search?O Insert the word OR between suspense and horror.O Insert the word AND between suspense and horror.O Insert the word NOT between suspense and horror.O Insert the word BUT between suspense and horror. Can anyone tell me what 9/2 simplified completely is?? Describe the energy of the products in comparison to the energy the atoms had when the were wandering around the room free. an example of xenon (Xe) Which statements regarding the diagram are correct? Check all that apply. ST ST by the reflexive property. RWS UWT because they are vertical angles. RWS UWT by AAS. RST UST by SAS. WTU WSR because CPCTC.ANSWER: ST ST by the reflexive property. RWS UWT because they are vertical angles.RWS UWT by AAS.WTU WSR because CPCTC. What are the features of the Model Code of Conduct? What types of energy do lamps give off?Include how was your day in you answer.Explain why/if the lamp gives off heat energy. Decrease in a person's life span is an example of ____A. Adverse health effectsB. HazardC. IncidentsD. Risk There are 8 marbles in a bag, all of different colors. In how many orders can 4 marbles be chosen? In other words, what is thenumber of permutations of picking 4 marbles from the bag?A1680B7040320 Giovanni is heating up mini frozen pizzas in the microwave. Each pizza takes 3 minutes to cook. How long will it take Giovanni to heat up 3 pizzas? * given that line a is parallel to line be and the slope on line a is 2 what is the slope of line b? The tenth grade is usually theyear of high school.secondthirdfirstfourthOther: