Mathematics, 09.10.2019 03:20 marquezbell6577
This morning, you borrowed $162,000 to buy a house. the mortgage rate is 4.35 percent. the loan is to be repaid in equal monthly payments over 20 years with the first payment due one month from today. assume each month is equal to 1/12 of a year and all taxes and insurance premiums are paid separately. how much of the second payment applies to the principal balance?
Answers: 2
of the second payment applies to the principal balance
to do it. Then we have, 
,![i_{M}=\sqrt[12]{1.0435}-1=1.0035-1=0.0035](/tpl/images/0302/3617/7326e.png)
![I_{2}=B_{1}*i_{M}=161568.15(0.0035)=565.48\\CS_{2}=K-I_{2}=998.84-565.48=433.35\\\left[CS_{2}=433.35\right]](/tpl/images/0302/3617/16a78.png)
Another question on Mathematics
Mathematics, 21.06.2019 14:00
At the many chips cookie company they are serious about the number of chocolate chips in their cookies they claim that each cookie hasn't c chips. if their claim is true there will be 200 chips in 10 cookies
Answers: 2
Mathematics, 21.06.2019 22:40
(10. in the figure, a aabc is drawn tocircumscribe a circle of radius 3 cm ,such thatthe segments bd and dc are respectively oflength 6 cm and 9 cm. find the length ofsides ab and ac.
Answers: 3
Mathematics, 21.06.2019 23:40
From the top of a tree a bird looks down on a field mouse at an angle of depression of 50°. if the field mouse is 40 meters from the base of the tree, find the vertical distance from the ground to the bird's eyes.
Answers: 1
You know the right answer?
This morning, you borrowed $162,000 to buy a house. the mortgage rate is 4.35 percent. the loan is t...
Questions
Mathematics, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
Biology, 10.03.2021 19:20
Arts, 10.03.2021 19:20
History, 10.03.2021 19:20
English, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
English, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
Mathematics, 10.03.2021 19:20
English, 10.03.2021 19:20
