subject
Mathematics, 01.03.2021 19:00 Ully4559

The Payans have just learned that the bank will approve them for a mortgage at an APR of 4.3% for 30 years if they meet the back-end ratio requirement. To determine whether they'll meet the requirement, the back-end ratio needs to be
calculated with the actually monthly payment rather than the estimate used in part A. Use this monthly payment formula
to calculate the Payans' monthly mortgage payment.
Monthly payment formula:
(1) (1 + )
M-
where
(1 + $)
M = monthly payment
p-principal
interest rate
t-number of years

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 18:00
The only way to identify an intercept is as an ordered pair. true false
Answers: 1
question
Mathematics, 21.06.2019 21:00
Atorch and a battery cost 2.50 altogether.the torch costs 1.50 more than the battery.what fraction of the total price is the torch? give your answer in its simplest form.
Answers: 2
question
Mathematics, 21.06.2019 22:00
Solve 2 - 3 cos x = 5 + 3 cos x for 0° ≤ x ≤ 180° a. 150° b. 30° c. 60° d. 120°
Answers: 1
question
Mathematics, 21.06.2019 22:50
Which of the following is closest to 32.9 x 7.5? a: 232 b: 259 c: 220 d: 265
Answers: 2
You know the right answer?
The Payans have just learned that the bank will approve them for a mortgage at an APR of 4.3% for 30...
Questions
question
Mathematics, 14.10.2019 02:30
Questions on the website: 13722359