Dagny Taggart has just purchased a home and taken out a $300,000 mortgage. The mortgage has a 25 year term with monthly payments and has an APR of 6% (monthly compounding). The total amount of interest that Dagny will pay during the first month of her mortgage is closest to: a.
1923.24

b.
1816.93

c.
1500

d.
1485

c.

1500

Step-by-step explanation:

The computation of the total amount of interest in first month is shown below:

Interest for first month is

= Mortgage amount × interest rate ÷ total number of months in a year

= $300,000 × 6% ÷ 12  

= $1,500

Hence, the interest in the first month is $1,500

Therefore the c option is correct

i really dont know

step-by-step explanation:

x + y = 90 5x – 10y = 90 90 – 10y = 5x 90 + 10y = 5x

step-by-step explanation:

last month maria hiked the 5-mile mountain trail a number of times and she hiked the 10-mile canal trail several times. let x represent the number of times she hiked the 5-mile trail, and let y represent the number of times she hiked the 10-mile trail. if she hiked a total of 90 miles, which equation can be used to find the number of times maria hiked each trail? x + y = 90 5x – 10y = 90 90 – 10y = 5x 90 + 10y = 5x