$MathMaster logo$

MathMaster

Home
general
you buy a 475 000 house and put 15 down if you take a 20 year amortization and the rate is 2 34 what would the monthly pay

Question

You buy a $475,000 house and put 15% down. If you take a 20 year amortization and the rate is 2.34%, what would the monthly payment be?

183

likes

917 views

Answer to a math question You buy a $475,000 house and put 15% down. If you take a 20 year amortization and the rate is 2.34%, what would the monthly payment be?

$Expert avatar$

4.4

92 Answers

PMT =\frac{475000\times85\%\times\frac{2,34\%}{12}}{1-\left(1+\frac{2,34\%}{12}\right)^{-12\ fois20}}=2108,15

Frequently asked questions (FAQs)

Question: "What is the equation of an exponential function that has a horizontal asymptote at y = 3, passes through the point (2, 12), and has a y-intercept at (0, 5)?

+

What is the period of the trigonometric function y = 3sin(5x - π/4) + 2?

+

What is the area of a parallelogram with base 7 units and height 5 units?

+

New questions in Mathematics

The patient is prescribed a course of 30 tablets. The tablets are prescribed “1 tablet twice a day”. How many days does a course of medication last?

A book is between 400 and 450 pages. If we count them 2 at a time there is none left over, if we count them 5 at a time there is none left over and if we count them 7 at a time there are none left over, how many pages does the book have?

Exercise 4 - the line (AC) is perpendicular to the line (AB) - the line (EB) is perpendicular to the line (AB) - the lines (AE) and (BC) intersect at D - AC = 2.4 cm; BD = 2.5 cm: DC = 1.5 cm Determine the area of triangle ABE.

6. Among 100 of products there are 20 rejects. We will randomly select 10 of products. The random variable X indicates the number of rejects among the selected products. Determine its distribution.

Suppose the horses in a large they will have a mean way of 818 pounds in a variance of 3481. What is the probability that the mean weight of the sample of horses with differ from the population mean by more than 18 pounds is 34 horses are sampled at random from the stable.

To make brine, José buys 1 kg of salt and pays 12 pesos. If he buys 4 kg, they charge him 48 pesos, but for 100 pesos they sell him 9 kg. What is the constant of proportionality?

Convert 78 percent to a decimal

If 0101, what is the binary representation of the 4x16 decoder output?

Let r: x - y 5 = 0. Determine a general equation of the line s parallel to the line r, which forms an isosceles triangle with area 8 with the line x = 5 and the Ox axis.

I need to know what 20% or £3292.75

Calculate the boiling temperature and freezing temperature at 1 atmosphere pressure of a solution formed by dissolving 123 grams of ferrous oxide in 1.890 grams of HCl.

The Humane Society has asked for our help again this week. Currently they are charging $50 for an adoption fee. Unfortunately they just pulled this number out of the air and do not know why they are charging this amount. They would like to charge an amount that covers all the adoption costs – both the variable costs for adoptions as well as the fixed cost for the kennel portion of the Humane Shelter operations. We can help them by doing a breakeven analysis. During a client meeting we gathered these facts. There are 2 part-time employees that each earn $1000 per month. The utilities for the kennel area (water, electricity) are $200 per month. The average food cost for animals in the kennel is $800 per month. In addition, each animal that is adopted receives a rabies vaccination that costs $4 and is micro-chipped that costs $6. At the current cost of $50, how many animals must be adopted to break-even? What would break-even be at a $60 adoption fee? What would break-even be if the fee were lowered to $40? The newspaper has suggested that the Humane Society advertise to increase pet adoptions. The package that they have recommended costs $1000 for a very small ad run every day for a month. If the Humane Society does this extra advertising, how will it affect breakeven? Based on what you have learned about elasticity, what price do you recommend for the adoption fee?

Is -11/8 greater than or less than -1.37?

At the dance there are 150 boys the rest are girls. If 65% are girls what is the total amount in the room

Subjects are randomly assigned to one of three specialties for a 3-month rotation, and at the end of that rotation, they are given a test that measures moral development. The scores are listed below, where a high score represents high moral development and a low score represents low moral development. Orthopedics Pediatrics Oncology 77 63 54 84 93 97 66 97 76 44 76 65 59 45 91 40 88 68 28 74 54 M = 56.86 M = 76.57 M = 72.14 What is Nt?

Calculate the difference between 407 and 27

Write the detailed definition of a supply chain/logistics related maximization problem with 8 variables and 6 constraints. Each constraint should have at least 6 variables. Each constraint should have At least 5 variables will have a value greater than zero in the resulting solution. Variables may have decimal values. Type of equations is less than equal. Numbers and types of variables and constraints are important and strict. Model the problem and verify that is feasible, bounded and have at least 5 variables are nonzero.

If the mean of the following numbers is 17, find the c value. Produce an algebraic solution. Guess and check is unacceptable. 12, 18, 21, c, 13

To paint a 250 m wall, a number of workers were employed. If the wall were 30 m longer, 9 more workers would be needed. How many were employed at the beginning?