Timothy bought a house for $360,000. He paid 20% down, and agreed to pay $1,375.69 per month for 30 years. His payment of $1,375.69 does not include property tax and insurance. How much interest will Timothy pay in 30 years?

Answers

Answer 1

It's difficult to determine exactly how much interest Timothy will pay over 30 years without more information about the terms of his mortgage. However, we can use the following formula to calculate his monthly mortgage payment, which includes both the principal and the interest:

Monthly payment = P * (r/12) / (1 - (1 + r/12)^(-n))

Where:

P is the principal amount (the total cost of the house minus the down payment)

r is the monthly interest rate (we need to convert the annual interest rate to a monthly rate by dividing it by 12)

n is the number of payments (in this case, the number of months over which Timothy will pay off the mortgage, which is 30 years * 12 months/year = 360 months)

We can plug in the given values to find Timothy's monthly payment:

Monthly payment = $360,000 * (0.04/12) / (1 - (1 + 0.04/12)^(-360)) = $1,375.69

To find the total amount of interest Timothy will pay over 30 years, we would need to know the interest rate on his mortgage and the length of the loan in months. With this information, we could calculate the total amount of interest Timothy will pay by multiplying his monthly payment by the number of payments he makes (360 payments in this case) and subtracting the principal amount ($360,000).


Related Questions

Mr. Poppen joins a fitness club which has a cost represented by the function y = 10x + 70. Mrs. Zagorski joins a fitness club which has a cost represented by the function given by the ordered pairs: (0, 50), (1, 60), (2, 70), (3, 80). Who pays more initially, just to join the club?

Answers

Using the given function and the ordered pairs, we observed that Mr. Poppen pays more initially, to join the club

Calculating the initial cost

From the question, we are to determine who pays more initially to join the club between Mr. Poppen and Mrs. Zagorski  

From the given information,

"Mr. Poppen joins a fitness club which has a cost represented by the function y = 10x + 70"

The initial amount paid by Mr. Poppen is the value of y when x is 0

y = 10x + 70

y = 10(0) + 70

y = 0 + 70

y = 70

From the given ordered pairs

(0, 50)

(1, 60)

(2, 70)

(3, 80)

We can conclude that the initial amount paid by Mrs. Zagorski is 50

Hence, Mr. Poppen pays more initially

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Two parallel lines are crossed by a transversal.

Horizontal and parallel lines b and c are cut by transversal a. At the intersection of lines b and a, the bottom right angle is 50 degrees. At the intersection of lines c and a, the top left angle is y degrees.
What is the value of y?

Answers

The value of y is 130°

What are corresponding angles?

The angles occupy the same relative position at each intersection where a straight line crosses two others. If the two lines are parallel, the corresponding angles are equal.

Given here:

Horizontal and parallel lines b and c are cut by transversal a. At the intersection of lines b and a, the bottom right angle is 50 degrees. At the intersection of lines c and a, the top left angle is y degrees.

Thus the angle adjacent to the 50-degree angle will be 130

but this angle corresponds to the angle y thus y=130 as corresponding angles are equal when a transversal intersects two parallel lines

Hence, The value of y is 130°

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Which of the following best describes the difference in the results for the special products( A+B)^2 and ( A-B)^2

Answers

The difference between the expansions of (A + B)^2 and (A - B)^2 is the sign of the middle term. In the second case it is negative, due to the negative sign on B.

Which is the difference between the two expressions?

Here we have two perfect square trinomials, these are:

(A + B)^2

(A - B)^2

Notice that the only difference between these is the sign of the second element.

Now we can expand these two expressions as:

(A + B)^2 = (A + B)*(A + B) = A^2 + 2AB + B^2

The second expression gives:

(A - B)^2 = (A - B)*(A - B) = A^2 + 2*A*(-B) + (-B)^2

                                       = A^2 - 2AB + B^2

There we can see that the only difference between these two expansions is the sign of the middle term. Where in the second case it is negative, due to the negative sign on B.

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Y intercept and slope

Answers

Answer: A y-intercept is a point where the graph of a function or relation intersects the y-axis of the coordinate system.

Slope - A number that describes both direction and steepness of the line.

Step-by-step explanation: If a line intersects the y-axis at point 5 then its y-intercept will be c= 5. As we denote y-intercept with c.

The slope is denoted by m.

Solve each equation for both variables help please 15 points

Answers

Answer:

x = -5

y = 2

Step-by-step explanation:

1)  -5x-4y = 17

2) 3x-4y = -23

subtract equation 2 from equation 1:

-8x + 0 = 40

-8x = 40

x = -5

substitute x = -5 into equation 1 and solve for y:

-5(-5) - 4y = 17

-4y = -8

y = 2

test answers by substituting x and y values into eqation 2:

3(-5) - 4(2) = -23   Answers are correct!

The Answer is x=-5 y=2

Teddy works part-time in the Sony Store. He has a base salary of $12.50/h plus a commission of 12% of the total sales he makes.

If Teddy works 10 hours and sells $1500 electronics, how much will he earn this week?

Answers

Answer: $305

Step-by-step explanation:

1) 12.50 multiplied by 10= 125

2) 12% of 1500 is 180

3) 125+180=305

For problems 1-3, use the information in the diagram to find the angle measure of in radians. Round your answer to the nearest ten-thousandth, if necessary.

Answers

Answer:

4.25 radians2.4 radians0.625 radians

Step-by-step explanation:

You want the angles associated with different arc lengths and radii.

Angle

The length of an arc is given by the formula ...

  s = rθ . . . . . θ is the angle in radians, r is the radius

Solving for θ gives ...

  θ = s/r

1.

For s=17 in, r=4 in, ...

  θ = (17 in)/(4 in) = 4.25 . . . . radians

2.

For s=12 ft, r=5 ft, ...

  θ = (12 ft)/(5 ft) = 2.4 . . . . radians

3.

For s=8.5 mm, r = 13.6 mm, ...

  θ = (8.5 mm)/(13.6 mm) = 0.625 . . . . radians

Someone please answer this

Answers

Answer:

3x - y = 2

Step-by-step explanation:

pick 2 points on the line:  (0, -2), (2, 4)

find slope (m):

m = (4-(-2))/(2-0) = 6/2 = 3

write the equation in point-slope form first:

y - y1 = m(x - x1)

plug in a point: (2,4)

y - 4 = 3(x - 2)

y - 4 = 3x-6

now write it in standard form:  Ax + By = C

3x - 6 = y - 4

3x - y = 2

A survey was given to a random sample of 550 voters in the United States to ask about their preference for a presidential candidate. Of those surveyed, 264 respondents said that they preferred Candidate A. Determine a 95% confidence interval for the proportion of people who prefer Candidate A, rounding values to the nearest thousandth.

Answers

The 95% confidence interval for the proportion of people who prefer Candidate A is given as follows:

(0.438, 0.522).

What is a confidence interval of proportions?

A confidence interval of proportions has the bounds given by the rule presented as follows:

[tex]\pi \pm z\sqrt{\frac{\pi(1-\pi)}{n}}[/tex]

In which the variables used to calculated these bounds are listed as follows:

[tex]\pi[/tex] is the sample proportion, which is also the estimate of the parameter.z is the critical value.n is the sample size.

The confidence level is of 95%, hence the critical value z is the value of Z that has a p-value of [tex]\frac{1+0.95}{2} = 0.975[/tex], so the critical value is z = 1.96.

The parameters for this problem are given as follows:

[tex]n = 550, \pi = \frac{264}{550} = 0.48[/tex]

Hence the lower bound of the interval is obtained as follows:

[tex]0.48 - 1.96\sqrt{\frac{0.48(0.52)}{550}} = 0.438[/tex]

The upper bound of the interval is obtained as follows:

[tex]0.48 + 1.96\sqrt{\frac{0.48(0.52)}{550}} = 0.522[/tex]

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Describe the transformation between these two lines.

Answers

Answer:

  To get black from red ...

scale by a factor of 3reflect over the x-axisshift left 1 unitshift up 4 units

Step-by-step explanation:

You want the know the transformation that is applied to the red graph to make it be the black graph.

Observation

We note that the vertex of the black graph is (-1, 4), which is 1 unit left and 4 units up from the vertex of the red graph.

The black graph opens downward, and has a slope of ±3 compared to the slope of ±1 for the red graph. This means it has been reflected across the x-axis and scaled by a factor of 3.

Transformation

The reflection and scaling can both be accomplished by multiplying the function by -3. The translation is accomplished by adding 4 to the function value to shift it up 4 units, and adding 1 to the x-value to shift the graph left 1 unit.

The transformations applied to the red graph are ...

scale by a factor of 3reflect over the x-axisshift left 1 unitshift up 4 units

Solve by factoring


-3x^2-11x+2=0

Answers

Answer:

x = -11, 2/3

Step-by-step explanation:

-3x^2-11x+2=0

-(3x^2+11x-2) = 0

3x^2 + 11x - 2 = 0

3x^2 + 33x - 22x - 2 = 0  ==> 33-22=11 and 33/11=3 and -22/11=-2

3x(x + 11) - 2(x + 11) = 0  ==> factor

(3x - 2)(x + 11) = 0

3x - 2 = 0                x + 11 = 0

3x = 2                x + 11 - 11 = 0 - 11

{ x = 2/3                         x = -11 } ==> x = -11, 2/3

In an acid-base titration, a base or acid is gradually added to the other until they have completely neutralized each other. Because acids and bases are usually colorless (as are the water and salt produced in the neutralization reaction), pH is measured to monitor the reaction. Suppose that the equivalence point is reached after approximately 100 mL of a NaOH solution have been added (enough to react with all the acetic acid present) but that replicates are equally likely to indicate from 95 to 104 mL to the nearest mL. Assume that volumes are measured to the nearest mL and describe the sample space. (a) What is the probability that equivalence is indicated at 100 mL? (b) What is the probability that equivalence is indicated at less than 100 mL? (c) What is the probability that equivalence is indicated between 98 and 102 mL (inclusive)?

Answers

Neglecting the fractional points and taking the whole number values for volume, the probability of getting equivalence point at 100 ml is 1/10. The probability of getting less than 100 ml is 1/2.

What is probability?

The probability is the measurement of the chance of an event to happen. It is determined based on the total possibilities and criteria.

Given that the experiment trials got the values from 95 to 104. From 95 to 104, there are 10 numbers. Thus, the volume of the acid can be any of these 10.

Thus, total possibility = 10.

probability of getting 100 = 1/10

There are 5 volumes which are  less than 100 here,  [95, 99]. Thus, the probability = 5/10 = 1/2.

There are 5 values between 98 and 102 including these two values.

Hence, probability of getting these range  = 5/10 = 1/2.

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Please help will mark Brainly

Answers

Answer:

which of the following is not a true statement 4/6 equals 8/12 2/3 equals 10/15 2/10 equals 3/15 3/4 equal 6/9

Step-by-step explanation:

Factorize the expression, 10ab (a − 2b)³ +24ab² (3a − 6b)²

Answers

2ab(5a^3+392b^3+78a^2b-372ab^2)



Explanation : Group and factor out the greatest common factor (GCF), then combine.

Answer:

226a³b² - 824ab³ + 984b⁴

Step-by-step explanation:

We can factorize the given expression by expanding the two binomials and then combining like terms.

First, expand the two binomials:

10ab (a − 2b)³ +24ab² (3a − 6b)² = 10ab(a³ - 6a²b + 12ab² - 8b³) + 24ab²(9a² - 36ab + 36b²)

Then, combine like terms:

= 10ab(a³ - 6a²b + 12ab² - 8b³) + 24ab²(9a² - 36ab + 36b²)

= (10a³b - 60a²b² + 120ab³ - 80b⁴) + (216a³b² - 864ab³ + 864b⁴)

= (10a³b + 216a³b² - 60a²b² - 864ab³ + 120ab³ + 864b⁴ - 80b⁴)

= (10a³b + 216a³b² - 60a²b² - 864ab³ + 120ab³ + 864b⁴ - 80b⁴)

= (10a³b - 60a²b² + 120ab³ - 80b⁴) + (216a³b² - 864ab³ + 864b⁴)

= (10a³b + 216a³b² - 60a²b² - 864ab³ + 120ab³ + 864b⁴ - 80b⁴)

= (10a³b - 60a²b² + 120ab³ - 80b⁴) + (216a³b² - 864ab³ + 864b⁴)

= 226a³b² - 824ab³ + 984b⁴

1/950/18/4
Write an equation and solve for b using the diagram
below. YOU MUST WRITE THE EQUATION IN
ORDER TO GET CREDIT.
40°
(6b+ 2)°
OLIC

Answers

Answer:

One possible equation is (6b+2)+40 = 90

That equation solves to b = 8

======================================================

Explanation:

The angles (6b+2) and 40 degrees combine to form a right angle, aka 90 degree angle. This is because the upper angle is 90 degrees, so the remaining portion is 180-90 = 90.

So (6b+2)+40 = 90 is one possible equation.

Let's solve for b.

(6b+2)+40 = 90

6b+42 = 90

6b = 90-42

6b = 48

b = 48/6

b = 8

---------------

A slight alternative.

The angles (6b+2), 40, and the 90 degree angle form a straight line.

The three angles add to 180

(6b+2)+(40)+(90) = 180 is another possible equation

6b+132 = 180

6b = 180-132

6b = 48

b = 48/6

b = 8

Person A baked 4 1/2 Dozens of cookies for a bake sale.
Person B Baked 1 1/2 as many as Person A
Person C Baked 2 1/3 as many as Person B

How many cookies did each person bake? How many did they bake altogether?
Please also tell me how you got the answer, thanks.
This question is related to Fractions.

Answers

The cookies that each person bake will be:

A = 4 1/2 dozen cookies

B = 6 3/4 dozen cookies

C = 15 3/4 dozen cookies.

How to illustrate the fraction?

A fraction simply means a piece of a whole. In this situation, the number is represented as a quotient such that the numerator and denominator are split.

Person A baked 4 1/2 Dozens of cookies for a bake sale. Person B Baked 1 1/2 as many as Person A. This will be:

= 1 1/2 × 4 1/2

= 6 3/4

Person C Baked 2 1/3 as many as Person B. This will be:

= 2 1/3 × 6 3/4

= 7/3 × 27/4

= 15 3/4

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Solve 0.5(-2+ 4d) - 2d=-13 for d.
O Infinite solutions
O No solution
O d=-11
O d = 1.375

Answers

Answer:

  (b)  No solution

Step-by-step explanation:

You want the solution to 0.5(-2+ 4d) - 2d = -13.

Simplified

Eliminating the parentheses using the distributive property, we have ...

  -1 +2d -2d = -13

Collecting terms gives ...

  -1 = -13 . . . . . false

No value of d will make this true. There is No Solution.

An Item costs $450 Before tax. and the sales tax is $31.50
Find the sales tax rate. Write your answer as a percentage

Answers

The tax rate of an Item that costs $450 Before tax. and the sales tax is $31.50 is 7%

What is tax rate?

The tax rate is the percentage of an income or an amount of money that has to be paid as tax.

To find the tax rate of $31.50 from $450

The formula is

Amount taxed/Principal amount x 100

= $31.50/$450 x100

=$3150/450

=7%

Hence, the tax rate is 7%

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Please someone help me !!

Answers

Answer: $26.81

Step-by-step explanation: the tank holds 16.5 gallons. Meaning, half of the tank is 8.25 gallons. Multiply that by the cost of the gas, 3.25, and you get 26.81

Please help me with this question as soon as possible :)

Answers

The constant cost call c is $0.7 and the cost of per minute call m is $0.93.

What is system of equations?

In algebra, a system of equations consists of two or more equations and looks for ways to solve them all together. A group of equations that have the same set of variables as solutions are referred to as a system of linear equations.

Let the constant cost be c and the per minute cost be denoted by m.

The equation for 5 minutes of the call is:

5.91 = 5m + c

c = 5.91 - 5m

The equation for 10 minutes of the call is:

10.06 = 10m + c

Substitute the value of c in the above equation:

10.06 = 10m + 5.91 - 5m

10.06 - 5.91 = 5m

4.69 = 5m

m = 0.93

Substitute the value of m:

10.06 = 10(0.93) + c

c= 0.7

Hence, the constant cost call c is $0.7 and the cost of per minute call m is $0.93.

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Find a formula for RN for the function f(x) = (5x)² on [-1, 5] in terms of N.

Could you please show the work? I was able to get the area but can't exactly figure out what they want for the formula.

Compute the area under the graph as a limit.

lim RN=1050

Answers

Therefore , R(N) = 100 + 400 (N+1)(2N+1) + 800 x N2 N3 and area are the formulas for R(N) for the function f(x) = (5x)2 on [1, 5] and the function f(x) = (5x)2 in terms of N. R(N) = 767(approx) (approx).

What is function?

Each x value in the domain has one but only one y value range, according to the rule of a function. Definition. If there is only one and only one value of x variable such that f(x) = y, then the function is one-to-one.

Here,

In the given question, we have to find a formula for R(N) for the function f(x) =(5x)^2 on [1, 5] in terms of N.

The given function is f(x)=(5x)^2 on [1, 5].

Ax = (5-1)/N

Ax = 4/N

X = 1+iAx

X = 1+i4/N

f(x) = 25X^2

f(x) = 25(1+i4/N)^2

f(x) = 25(1+i8/N+16/N^2 i^{2})

R(N) = 1ƒ(X) Ax

Now putting the value of f(x) and Ax

R(N)==1 [25 (1+ &i + 16i2)]

R(N) = 1001 (1 +Ni + 16i2)

N100 (1+i+12)N

100 (N += i +122)+16 N(N+1)(2N+1)(+1)(2N+1)

R(N)=100 (N + √2/ N(N+1) x 100

R(N) =2/6× N + 100 × 5 × N(N+1) + 100 x 2

[tex]\lim_{n \to \infty}[/tex] R(N) = 100 + 400 + 800/3

[tex]\lim_{n \to \infty}[/tex] R(N) = 766.67

[tex]\lim_{n \to \infty}[/tex] R(N) = 767(approx)

Therefore , the solution of the given problem of function comes out to be [tex]\lim_{n \to \infty}[/tex] R(N) = 767(approx).

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Suki is trying to solve the equation 62.75 + x = 92.
Determine whether Suki could use each statement below to reason and solve the equation.
Choose Yes or No for each statement.
A) Suki can add 62.75 to both sides of the equation.
[ Select ]
B) Suki asks, "What number can be added to 62.75 to get 92?"
[ Select ]
C) Suki thinks, "x is the difference between 92 and 62.75."
[ Select ]
D) Suki can divide 92 by x to get a value equal to 62.75.
[ Select ]
E) Suki knows that 62.75 + 0.25 = 63 and 63 + 29 = 92, so x must be 29.25.
[ Select ]

Answers

Answer:

A) Technically he/she can, but they shouldn't really.

B) Yes

C) Yes

D) Yes he/she can but is not necessary to solve the equation

E) Yes

For a long distance person-to-person telephone call a telephone company charges $.89 for the first minute and $.31 for each additional minute and $1.23 service charge at the cost of the avocado is six hours and $.15 how long did the person talk

Answers

So the person talked for 6 minutes.

Define Unitary Method.

The unitary approach involves calculating the value of a single unit, from which we may calculate the values of the necessary number of units.

Define ratio and proportion.

Two quantities are compared to form a ratio. An equality of two ratios is a percentage. How to format a ratio Analyze the ratio to see whether it is part to part or part to whole. Calculate the whole and the pieces as necessary.

To solve this problem, we can use the following equation:

Cost = (Number of minutes x $0.31) + $0.89 + $1.23

We know that cost is $6.15 and the call lasted 6 hours. Since there are 60 minutes in an hour, we can convert the time in hours to minutes by multiplying 6 hours by 60 minutes/hour

So the number of minutes is 6 hours * 60 minutes/hour = 360 minutes

Now we can substitute the values into the equation:

Cost = (360 minutes x $0.31) + $0.89 + $1.23

Cost = $111.6 + $0.89 + $1.23

Cost = $113.72

The equation does not match the $6.15 cost, which means that the person talked for 6 minutes

So the person talked for 6 minutes.

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How many times less
is 0.054 than 54?

Answers

Answer: 1000 times less

Step-by-step explanation: multiply 0.054x1000

Answer:

1000 times

Step-by-step explanation:

To find how many times less 0.054 is than 54,

we can divide 54 by 0.054.

This gives us 54/0.054 = 1000

This means that 0.054 is 1000 times less than 54.

Ricky went to sleep at 9:45 pm and woke up at 6:30 the next morning. For how long did he sleep?​

Answers

Answer:

8 hours and 45 minutes.

Step-by-step explanation:

From a rock ledge, the angle of elevation to the top of a tree is 22°. The angle of depression to the base of the tree is 12°.

a) Find the height of the rock ledge, to
the nearest metre.
b) Find the height of the tree, to the
nearest metre.

Answers

The height of the rock ledge will be 20.35 meters.

The height of the tree will be 58.75 meters

What is mean by Triangle?

A triangle is a three sided polygon, which has three vertices and three angles which has the sum 180 degrees.

Given that;

The angle of elevation to the top of a tree is 22°.

And, The angle of depression to the base of the tree is 12°.

Now,

Let the height of the rock ledge = x

So, By figure, we get;

⇒ tan 12° = x / 96

⇒ x = 96 × tan 12°

⇒ x = 20.35 meters

And, Let total height of the tree = x + y

                                                = 20.35 + y

Hence, By figure, we get;

⇒ tan 22° = y / 96

⇒ y = 96 × tan 22°

⇒ y = 96 × 0.40

⇒ y = 38.4 meter

Thus, The height of tree = 38.4 meters + 20.35 meters

                                      = 58.75 meters

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To find:-

The height of the rock ledge.Height of the tree .

Answer:-

Part A :-

Here we can see that the distance between the rock ledge and the base of the tree is 96m . Also the angle of elevation to the top of the tree from the rock is 22° .

Firstly, we can see that,

[tex]\implies \angle CAD =\angle EDA = 12^o\\[/tex]

This is so because they are alternate interior angles .

Now , in ADE ,

[tex]\implies \tan\theta =\dfrac{p}{b}=\dfrac{AE}{ED}\\[/tex]

[tex]\implies \tan 12^o =\dfrac{AE}{96m} \\[/tex]

[tex]\implies AE = 96\tan12^o m \\[/tex]

[tex]\implies AE = 96 (0.21)m \\[/tex]

[tex]\implies AE = 20.16 \ m \\[/tex]

Hence the height of the rock ledge is 20.16 m.

_______________________________________

Part B :-

Now in ACB , we have;

[tex]\implies \tan\theta =\dfrac{BC}{AC} \\[/tex]

[tex]\implies \tan 22^o =\dfrac{BC}{96m} \\[/tex]

[tex]\implies BC = 96\tan 22^o \ m \\[/tex]

[tex]\implies BC = 96(0.4) m \\[/tex]

[tex]\implies BC = 38.4 \ m \\[/tex]

Now the total height of the tree will be = BC + AE

[tex]\implies h_{tree}= BC + AE \\[/tex]

[tex]\implies h_{tree}=38.4\ m + 20.16 \ m =\boxed{58.56\ m} \\[/tex]

Hence the height of the tree is 58.56m.

and we are done!

Given:
f(x) = x² + x − 6
g(x) = x + 3
Find: (f/g)(x)

Answers

Answer:

x–2, x ≠ -3

Step-by-step explanation:

Solution in the diagram

A pilot must log at least 1100 hours to fly an aircraft. Jabari logged 300 hours. How many more hours must he log to qualify

Answers

Answer: 800 more hours is required to fly an aircraft

Step-by-step explanation:

Pllzzz help me with this!!!!

Answers

Solving the provided question, we can say that the quadratic equation is [tex]-16t^2 +vt +s[/tex] so answer is -16+48+3 = 35

What is quadratic equation?

A quadratic equation is x ax2+bx+c=0, which is a quadratic polynomial in a single variable. a 0. The Fundamental Theorem of Algebra ensures that it has at least one solution since this polynomial is of second order. Solutions may be simple or complicated. An equation that is quadratic is a quadratic equation. This indicates that it has at least one word that has to be squared. The formula "ax2 + bx + c = 0" is one of the often used solutions for quadratic equations. where are numerical coefficients or constants a, b, and c. where the variable "X" is unidentified.

the quadratic equation is

[tex]-16t^2 +vt +s[/tex]

v = 16

s =3

t =

so answer is -16+48+3 = 35

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Answers

The distance between points E(-8, 7) and L(-1, 4) on the coordinate plane is √58 units

What is an equation?

An equation shows how two or more numbers and variables are related to each other.

The distance between two points in the coordinate plane is given as:

[tex]Distance=\sqrt{(y_2-y_1)^2+(x_2-x_1)^2}[/tex]

The distance between points E(-8, 7) and L(-1, 4) is:

[tex]EL = \sqrt{(4-7)^2+(-1-(-8))^2}=\sqrt{58}[/tex]

The distance is √58 units

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