Afamily is purchasing a house and needs to finance a $195,000 mortgage from the bank with an annual percentage rate (apr) of 5.3%. the family is financing it over 30 years and making monthly payments. what is the monthly payment?
group of answer choices

$541.67

$860.25

$1082.84

$1242.25

Monthly payment is $1082.84.

Solution:

Given data:

Principal = $195000

Rate per year =

Rate per month =

Time = 30 × 12 = 360 month

To find the monthly payment using formula:

If you simplify this using calculator, we get

Monthly payment = $1082.84

Option C is the correct answer.

Hence monthly payment is $1082.84.

3x + 18 = 147°

step-by-step explanation:

3x + 18 = 147°, because the value of the central angle is equal to the value of the arc formed by it.

i hope i you.

b. 6

step-by-step explanation:

we are given the table representing an exponential function.

we can see from the table that, as x is increasing, the value of y is increasing in the power of 6.

i.e. the following relation is obtained,

x = 1, y = 6

x = 2, y = 36 =

x = 3, y = 216 =

x = 4, y = 1296 =

x = 5, y = 7776 =

so, the geometric series obtained is .

thus, the common ratio is given by = = 6.

hence, the common ratio is 6.