A young executive is going to purchase a vacation property for investment purposes. She needs to borrow $81,000.00 for 27 years at 6.8% compounded monthly, and will make monthly payments of $546.61. (Round all answers to 2 decimal places) What is the unpaid balance after 12 months? During this period, how much interest did she pay?

Answers

Answer 1

1. The unpaid balance after 12 months of paying $546.61 for borrowing $81,000 for 27 years at 6.8% is $79,915.29.

2. During this period, the interest she paid was $5,474.61.

How is the unpaid balance determined?

The total payment made, including interest and principal, for 12 months is the product of the monthly payments and 12 months.

From the amortization schedule from an online finance calculator at month 12, we can deduce that the loan balance is $79,915.29.

When this balance is subtracted from the loan, the difference is the principal repayment so far.

N (# of periods) = 324 months (27 years x 12)

I/Y (Interest per year) = 6.8%

PV (Present Value) = $81,000

PMT (Periodic Payment) = $-546.61

Results:

Sum of all periodic payments = $-6,559.32 ($546.61 x 12)

Total Interest for six months = $5,474.61

Amortization Schedule:

1 $81,000.00 $-546.61 $459.00 $-80,912.39

2 $80,912.39 $-546.61 $458.50 $-80,824.28

3 $80,824.28 $-546.61 $458.00 $-80,735.68

4 $80,735.68 $-546.61 $457.50 $-80,646.57

5 $80,646.57 $-546.61 $457.00 $-80,556.96

6 $80,556.96 $-546.61 $456.49 $-80,466.84

7 $80,466.84 $-546.61 $455.98 $-80,376.21

8 $80,376.21 $-546.61 $455.47 $-80,285.06

9 $80,285.06 $-546.61 $454.95 $-80,193.40

10 $80,193.40 $-546.61 $454.43 $-80,101.22

11 $80,101.22 $-546.61 $453.91 $-80,008.52

12 $80,008.52 $-546.61 $453.38 $-79,915.29

Total payment at $546.61 x 12 months = $6,559.32

Principal repayment for 12 months = $1,084.71 ($81,000 - $79,915.29)

Interest paid for 12 months = $5,474.61 ($6,559.32 - $1,084.71)

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Related Questions

I need help I really don’t get this question

Answers

The surface area of prism is 224 square centimeter

The surface area of the prim = 2 × Area of the hexagonal face + 6 × Area of the rectangular face  

The area of the hexagonal face = 42 square centimeter

The area of the two hexagonal face = 2×42

= 84 square centimeter

The area of the one rectangular face = length × width

= 4 × 8

= 32 square centimeter

The area of the 6 rectangular face = 6 × 32

= 192 square centimeter

The surface area of the prim = 32 + 192

= 224 square centimeter

Hence, the surface area of prism is 224 square centimeter

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d²y/dx²-3(dy/dx) - 4y = 0

Answers

The Solution of the equation y = C₁e⁴ˣ + C₂e⁻ˣ

Derivatives:

The derivative of a function is a function that indicates how quickly another function is changing. Differentiation is a term used to describe the process of finding a derivative. In an equation, it is shown as the dependent variable with respect to the independent variable. A value's derivative is a change in value relative to its input. The symbol for a derivative is f'(x).

           

Here we have

d²y/dx²-3(dy/dx) - 4y = 0

As we know (d/dx) = D

=> D²-3D - 4 = 0

=> D²- 4D + D - 4 = 0

=> D(D - 4) + (D - 4) = 0

=> (D - 4) (D + 1) = 0

=> (D - 4) = 0 and (D + 1) = 0  

=>  D = 4 and  D = -1  

Here, roots are real and distinct

Therefore,

Solution of the equation y = C₁e⁴ˣ + C₂e⁻ˣ

       

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What is 5.33333333333 as a fraction?
please help!

Answers

Answer:

[tex]5\frac{1}{3} or \frac{16}{3}[/tex]

Step-by-step explanation:

endless 3’s are always 1/3

So now we just add 5 in front of it

5 1/3

Hopes this helps please mark brainliest

[tex]\frac{16}{3}[/tex] is the fraction of 5.3333333.

What is a fraction?

A fraction is written in the form of a numerator and a denominator where the denominator is greater that the numerator.

We have two types of fractions.

Proper fraction and improper fraction.

A proper fraction is a fraction whose numerator is less than the denominator.

An improper fraction is a fraction where the numerator is greater than the denominator.

Example:

1/2, 1/3 is a fraction.

3/6, 99/999 is a fraction.

1/4 is a fraction.

We have,

5.333333

= [tex]\frac{16}{3}[/tex]

We see that,

3 ) 16 ( 5.333333

    15

      10

       9

        10

         9

           1

and so on...

Thus,

[tex]\frac{16}{3}[/tex] is the fraction of 5.3333333.

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What is the domain of the function shown on the graph?
Y
4
-8 -6 -4
N
8
6
4
2+
2
4
-6
8-
N
OA. ≤ 2
OB.
x ≤ 1
O C. -10 < x < 2
O D. -8AA ∞
4
6 8
X

Answers

Option A is the answer

The domain of the given graph is x≤ 2, option A is correct.

What is a function?

A relation is a function if it has only One y-value for each x-value.

We have to find the domain of the given graph.

Graph is a mathematical representation of a network and it describes the relationship between lines and points.

The domain refers to the set of possible input values, the domain of a graph consists of all the input values shown on the x -axis.

As we observe the graph the value of x are less than 2

Hence, the domain of the given graph is x≤ 2

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This is math PLS HELP SOME PPL DO HELP BUT PLS

Answers

The unit rate of discovery of the new species of marine animals are; 2000 per year.

What is unit rate?

There is independent quantity, and a quantity which depends on it (dependent quantity). When independent quantity moves by a unit measurement (single unit increment), the increment in dependent quantity is called rate of increment of dependent quantity per unit increment in independent quantity.

We have been given about 4000 new species of marine animals were discovered in the last 2 years.

We need to find the unit rate of discovery.

Total = 4000 new species

Time = 2 year.

Unit rate = new species of marine animals/ time period

Unit rate = 4000/ 2

Unit rate = 2000/1

Therefore, the unit rate of discovery of the new species of marine animals are; 2000 per year.

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liu earned $316 on an investment of $869. How much would $1298 have earned in the same investment?

Answers

Liu will earn $472 on an investment of $1298.

Given, Liu earned $316 on an investment of $869.

We have to find how much he would earned if he invest $1298 in the same investment.

Now, $869 investment = $316 earned

$1 investment = 316/869 earned

$1298 investment = 316/869 × 1298 earned

$1298 investment = $472 earned

Hence, Liu will earn $472 on an investment of $1298.

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Holly is purchasing drinks for a holiday party. She is getting a combination of soda and juice. The soda costs $2 each and the juice costs $5 each. Holly
needs to bring at most 10 drinks but doesn't want to spend more than $50. Which graph shows how many of each type of drink she can buy?

Answers

The graph that shows how many of each type of drink she can buy is as shown below.

The correct answer is an option (D)

In this question, we have been given  Holly is getting a combination of soda and juice. The soda costs $2 each and the juice costs $5 each. Holly

needs to bring at most 10 drinks but doesn't want to spend more than $50.

Let x be the number of soda cans and y be the number of soda cans(or bottles)

Holly needs to bring at most 10 drinks

So, we get an inequality,

x + y ≤ 10

She doesn't want to spend more than $50.

So, we get an inequality,

2x + 5y ≤ 50

In following graph, an inequality x + y ≤ 10 is represented by blue shaded region and the inequality 2x + 5y ≤ 50 is represented by red shaded region.

The solution set for the given inequalities is represented by a purple region (common region for both the inequalities)

Therefore, the graph that shows how many of each type of drink she can buy is as shown below.

The correct answer is an option (D)

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What is the perimeter of the shape?
8 ft
15 ft
15 ft
8 ft
ft

Answers

Answer: 46 ft

Step-by-step explanation:

You didn't specify what those numbers mean, so I'm going to assume they're the length of the sides of the shape.

The perimeter equals the sum of all sides' lengths of the shape.

So, it equals 8 + 8 + 15 + 15 = 46 ft


Please help I was sick and missed out on class.Thank you

Answers

Answer:

The slope is -1.

Step-by-step explanation:

When given two points, the formula for slope is [tex]m = \frac{y_{2} - y_{1}}{x_{2} - x_{1}}[/tex].

4 - 7 / -2 - (-5) = -3 / 3

-3 / 3 = -1, so the slope is -1.

Triangle A'B'C' is the image of AABC under a reflection. Given A(-2, 5), B(0, 9), C(3, 7), A'(5,-2), B'(9, 0), and C(7,3), what is the line of reflection?

Answers

For given transformation of ΔABC to ΔA'B'C' the line of reflection is x = y

Triangle A'B'C' is the image of ΔABC under a reflection.

Given A(-2, 5), B(0, 9), C(3, 7),

A'(5,-2), B'(9, 0), and C'(7,3)

We need to find the line of reflection.

We can observe that the coordinates (x, y) of preimage are transformed to (y, x) in image.

This means, the line of reflection is x = y

Therefore, for given transformation of  ΔABC to ΔA'B'C' the line of reflection is x = y

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11,12,13,14 10th term

Answers

The value of the 10th term for the sequence 11,12,13,14 is 20.

How to find the term?

It's important to note that this is an arithmetic sequence. The formula for an arithmetic sequence is:

= a + (n - 1)d

where a = first term = 11

d = common difference = 1

n = number of terms = 10

The 10th term will be:

= a + (n - 1)d

= 11 + (10 - 1)1

= 11 + (9 × 1)

= 11 + 9

= 20

The value is 20.

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Complete question

The first four terms of an arithmetic sequence are 11,12,13,14. Find the 10th term.

7. The area of the shaded triangle in the figure
at the right is 43 square inches. What is the
area of the rectangle?

Answers

Area of rectangle is 86 square inches.

What is area of triangle?

In a two-dimensional plane, a triangle's area is the area that it completely encloses. A triangle is a closed shape with three sides and three vertices, as is common knowledge.The total area occupied by a triangle's three sides is referred to as its area. Half of the product of the triangle's base and height provides the general formula for calculating the area of the triangle.

What is area of rectangle ?

To find the area of a rectangle, we multiply the length of the rectangle by the width of the rectangle.

Area of triangle = 1/2 * b* h

43 = 1/2 *b * h

86 = b * h

Area of rectangle = Length * Breadth

We know that base of triangle = Breadth of the rectangle and

Height of triangle = length of triangle

So, Area of rectangle is 86 square inches.

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HELP PLEASE If quadrilateral ABCD is rotated 90° clockwise about point A and then reflected across the y-axis to create quadrilateral A’B’C’D’, what will be the coordinate of D’?

Answers

According to the 90° clockwise rotation, the new coordinate of the quadrilateral D' is (3, -2)

Quadrilateral

Quadrilateral refers a closed shape and a type of polygon that has four sides, four vertices and four angles.

Given,

If quadrilateral ABCD is rotated 90° clockwise about point A and then reflected across the y-axis to create quadrilateral A’B’C’D’.

Here we need to find the coordinate of D'.

In order to find the new coordinates, first we have to identify the current coordinates of the quadrilateral.

While we looking into the graph, we have identify the point of

A (0,0), B(-4, 3), C(1,5) and D(2,3)

Now, we have to use the rule of clockwise 90° rotation, states that to rotate the figure 90 degrees clockwise about a point, every point(x , y) will rotate to (y, -x).

According to this rule, the new coordinates are written as,

A(0,0) = A'(0,0)

B'(-4,3) = B'(-3,-4)

C(1,5) = C'(5, -1)

D(2,3) = D' (3, -2)

Therefore, the new coordinate of D' is (3, -2).

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Angel hired Chris as a housekeeper starting on January 2 at $750 monthly. Angel does not withhold any federal taxes. Assume that Chris is not a housekeeper for anyone else. Assume that Angel paid $2,250 in wages for the fourth quarter of 2021.

Required:
How much in social security tax should Angel pay?
How much Medicare tax should Angel pay?
How much FUTA tax should Angel pay?

Answers

Assume that Chris is not a housekeeper for anyone else. Assume that Angel paid $2,250 in wages for the fourth quarter of 2021. The social security tax is $1,116, Medicare tax is $261 and FUTA tax is $42.

How to find the social security , Medicare and FUTA tax?

Social security  =12.4%

Medicare = 2.9%

FUTA = 0.6%

a. Social security tax

Yearly salary = $750 × 12 months

Yearly salary  = $9,000

Social security tax  = $9,000 ×12.4%

Social security tax = $1,116

b.  Medicare tax

Yearly salary =$750 × 12 months

Yearly salary = $9,000.00

Medicare tax = $9,000×2.9%

Medicare tax = $261

c. FUTA tax

Yearly salary = $750 × 12 months

Yearly salary = $9,000

The first $7,000 will be  subject to FUTA tax.

FUTA tax = $7,000 ×0.6%

FUTA tax = $42

Therefore the social security tax is $1,116.

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how many elements are in the set AnB​

Answers

Answer:

option A - 2

Step-by-step explanation:

event A { 2 4 6 8 10 12 }

event B { 3 6 9 12 }

The set AnB means A intercept B, which simply means all the elements that are common in event A and event B

So we just have to look at all the elements in A and B, we can see that the common elements are 6 and 12 so therefore:

set AnB = { 6 12 }

and the number of elements in set AnB is 2

3 of 30 computers are out of seevice what percentage is working

Answers

Answer:

10%

Step-by-step explanation:

3/30

1/10

10/100

10%

Hopes this helps please mark brainliest

Solve the inequality 4x-14<6

Answers

Answer:

x<5

Step-by-step explanation:

1.  add 14 to both sides  

4x - 14  + 14 < 6 + 14

    4x<20

2.  divide both sides by 4

[tex]\frac{4x}{4} < \frac{20}{4}[/tex]

     x<5

                                               Answer = x<5

Suppose that x units of a product cost C dollars to manufacture and earn revenue of R dollars. The value of x at
which the expressions for C and R are equal is the break-even quantity, or the number of units that produce 0
profit. Complete parts (a) and (b) below.
C=84x+1,475; R = 109x
No more than 34 units can be sold.

Answers

a) The break-even quantity (in units) is 59 units.

b) If the company is selling no more than 34 units, A. The product should not be produced because it will lead to a loss of $625.

What is the break-even point?

The break-even point is the production and sales point at which the total costs equal the total revenue.

At the break-even point, there is no profit or loss.

Total units produced = x

Let the cost of production = C

Let the revenue = R

C = 84x+1,475

R = 109x

At the break-even point, 109x = 84x + 1,475

109x - 84x = 1,475

25x = 1,475

x = 59 units

If x = 34 units:

Total cost = 84x+1,475

= 84(34) + 1,475

= 2,856 + 1,475

= $4,331

Total revenue = 109x

= 109(34)

= $3,706

Loss = $625 ($3,706 - $4,331)

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Question Completion:

(a) Find the break-even quantity units (Simplify your answer.)

(b) Decide whether the product should be produced on the basis of whether it will earn a profit. (Profit = Revenue - Cost.)

Choose the correct answer below and, if necessary, in the answer box to complete your choice.

A. The product should not be produced because it will lead to a loss of  B. The product should be produced because it will lead to a profit of

Given: (GH) is a midsegment of ∆DEF.

Find the value of x and y.

What is the length of (DF) ?

Answers

Answer:

leg lengths are 5 units and 3 units.

Step-by-step explanation:

ヾ(•ω•`)o

(a × 10^b) x (3.1 × 10^9) = 1.953 x 10^5
Given that a × 10^b is in standard form, work out the values of a and b.

Answers

The values of a = 6.3 and b = -5

     

Scientific notation:  

Presenting extremely big or extremely small numbers in a simpler format is done through the use of scientific notation. The full numbers can, as we all know, go on forever, but we are unable to write such enormous quantities on paper. In addition, there was a need for a simpler way to express numbers that appear in the million's place.    

     

Here we have

(a × 10ᵇ) x (3.1 × 10⁹) = 1.953 x 10⁵

=> [tex](a\times 10^{b} ) = \frac{1.953 \times10^{5} }{ (3.1\times 10^{9} )}[/tex]  

=> (a × 10ᵇ) = 0.63 × 10⁵ × 10⁻⁹  

=> (a × 10ᵇ) = 0.63 × 10⁻⁴      

=> 6.3 × 10⁻⁵    

Here 6.3 × 10⁻⁵  is in the form of a × 10ᵇ

=> a = 6.3 and b = -5

Therefore,

The values of a = 6.3 and b = -5  

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First place pays $4800 to the winner, second place $3300 and third place $1300. Is it worthwhile to enter the race if it costs $1000?

Answers

It is worthwhile to enter the race if it costs $1000.

What is total cost?

Total cost is an economic measure that includes not only the initial cash outlay but also the opportunity cost of their choices when producing a product, purchasing an investment, or acquiring a piece of equipment. TVC + TFC = TC

The sum of fixed and variable costs is the total cost. For example, if a company has a fixed cost of $30 per unit and a variable cost of $5 per unit as output increases, the total cost is $35.

In this case, first place pays $4800 to the winner, second place $3300 and third place $1300. It is therefore worthwhile since the amounts are more than $1000.

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geometry lesson!! please help, i’ll make brainliest!

Answers

Answer:

GH = 42 ft

Step-by-step explanation:

Given

Congruent isosceles trapezoids ABCD and EFGH.

Solution

We know that corresponding parts of congruent figures are congruent.

It means:

AB = CD = EF = GH = 42 ft

How are the entries of the matrix named by position?

Answers

You can ask where you don't understand.

find two numbers such that one number is 4 more than twice as big as the other number and the two numbers sum to 28

Answers

The first number is 8  and the second number is 20

let the first number =  X

the second number = 4 + 2X

sum = 28

X + (4 + 2X) = 28

3X + 4 = 28

3X = 24  

X = 8                                                                  

The first number is 8

and the second number is 4 + 2X = 4 + 2(8) = 20

Addition:

When we say "the addition," we mean adding two or more numbers together. The plus sign (+) denotes addition of two numbers, therefore three is written as three plus three. You also have control over how often the plus sign (+) is used. such as 3 + 3 + 3 + 3. Mathematical addition is an essential part of children's education. Students learn basic addition sums in primary school, including one-digit facts, math addition sums, and double-digit math addition sums. Sums in addition are one of the most fundamental and fascinating Math concepts for elementary school students. Children first learn fundamental mathematical ideas like adding numbers in their early years because math is an enthralling subject.

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Between which two numbers will you find |-2.65|?
A. -2.6 and -2.5
B. -2.7 and -2.6
C. 2.5 and 2.6
D. 2.6 and 2.7

Answers

|-2.65| can be found between numbers 2.6 and 2.7

|-2.65| is between which two numbers?

Absolute value means to remove any negative sign in front of a number and to think of the number as positive.  This is what the vertical lines |  | surrounding -2.65 means.

Thus,   |-2.65| = 2.65

If we examine the options, then we can say 2.65 is between 2.6 and 2.7 i.e. 2.6, 2.65, 2.7

Therefore,  |-2.65| can be found between the numbers 2.6 and 2.7. So option D is the answer

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493÷16

And I need to show my work

Answers

Answer: 493/16

Step-by-step explanation:

Find the GCD (or HCF) of numerator and denominator

GCD of 493 and 16 is 1

Divide both the numerator and denominator by the GCD

493 ÷ 1

16 ÷ 1

Reduced fraction:

493

16

Therefore, 493/16 simplified to lowest terms is 493/16. or 30.8125

493 divided by 16 = 30 R13 or 30.8125

Step by step:

Find the volume of a cube with the given side lengths.

1/5b^3

Answers

The volume of the cube with the given side length is 1/125b⁹

Calculating the volume of a cube

From the question, we are to determine the volume of the given cube.

The volume of a cube is given by

V = s³

Where V is the volume of the cube

and s is the side length of a side of the cube

From the given information,

s = 1/5b³

Thus,

The volume of the cube will be

V = 1/5b³ × 1/5b³ × 1/5b³

V = 1/5 × 1/5 × 1/5 × b³ × b³ × b³

V = 1/125 × b⁹

V = 1/125b⁹

Hence,

The volume is 1/125b⁹

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A drilling crew dug to a height of 232 feet during their first day of drilling. On the second
day, the crew dug down 193 feet more than on the first day. Describe the height of the
bottom of the hole after the second day.
Answer using a mixed number and label your
answer.

Answers

The depth of the bottom of the hole after the second day is 425 feet using addition operation.

What is addition?

In math, addition is the process of adding two or more integers together. The terms addends and sum describe the input and output of the addition operation, respectively.

Given the depth on the first day is 232 feet.

Depth on the second day = 193 feet more than on the first day i.e. 193 feet + depth on the first day

This implies, depth on the second day = 193+232

=  425 feet

The hole's bottom will therefore be 425 feet deep after the second day.

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One equation for calculating the volume of a cylinder is V = B , where B represents the area of the base of the cylinder. Which expression can be used to find the value of B, in square centimeters, for this cylinder?
The numbers are 12.1 and 3.8

Answers

The base of a cylinder is circular and it's area is given as B= πr^2

What is a cylinder?

A cylinder is a three-dimensional shape consisting of two parallel circular bases, joined by a curved surface. The center of the circular bases overlaps each other to form a right cylinder.

The base of a cylinder is circular . If the base area is B, then the area of the base is πr^2.

where r is the radius of the circle and π is 22/7

The volume of a cylinder is V = B × h

where B is the base area and h is the height or length of the cylinder.

Therefore the volume of a cylinder is V= πr^2h

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The population of California was about 37 million in 2010 and increasing by 1.0% each year. Create a formula to estimate the population of California in 2020.

Answers

The formula that can be used to estimate the population of California in 2020 is P = Poe^rt.

What is population growth?

Population growth has to do with how the number of people in a place is increasing in a given time. We know that the population growth is a positive exponential function.

Initial population (Po) = 37 million

Population growth rate (r) = 1.0%

Time interval (t) = 10 years

Now using the formula;

P = Poe^rt

P = 37 * 10^6 e^0.01 * 10

P = 41 million

There would be about 41 million people within the next ten years.

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Other Questions
among valuation models, the difficulty of estimating a required rate of return is most likely to be a disadvantage of using: Which of the following is an example of the associative property of multiplication? A giant tortoise can travel 0.15 miles in 1 hour. At this rate, how long would it take the tortoise to travel 1 mileIt would take the tortoise approximately ____ Which of the following observations best supports the claim that mitochondria evolved from once-free-living prokaryotic cells by the process of endocytosis?A. Mitochondria produce ATP.B. Mitochondria contain proteins.C. Mitochondria exchange substances with the cytosol.D. Mitochondria are surrounded by a double membrane. where did cristian get his initial design for the robot? What is ethical decision 1. Griffin wants to go hiking, but the weather is not cooperating. Right now, there are 2 inches of snow on the ground and snow is falling at a rate of 0.25 in/hr.(a) Write the linear equation that represents the total amount of snow, y, after x number of hours.(b) How much snow will be on the ground after 4 hours? You must use your equation above to solve, and you must show all of your work.(c) If Griffin does not want to be hiking when there are 6 inches of snow on the ground, how long does he have to complete his hike? Do you think he will finish his hike in time? You must use your equation above to solve, and you must show all of your work. Type an equation of a line that is parallel to the equation y = 5. Which of the following is a good direct mail technique?A. Self folding mailer.B. Use self-folding mailers.C. Print postage labels from your computer.D. Hand address the envelopes. how does the image of the daisy in the fifth stanza (lines 3340) differ from that in the previous stanza? What conditions can cause hurricanes to change direction?need now please A total of 25 trials of the simulation were performed. The number of makes in each set of 10 simulated shots was recorded on the dotplot. What is the approximate probability that a 47% shooter makes 5 or more shots in 10 attempts?. 12 g of magnesium ribbon was heated in a crucible. At the end of the reaction 20 g of magnesium oxide had been produced. What mass of oxygen had reacted with the magnesium?. What would you do if you won the lottery? Marys maximum heart rate is 200 bpm. As she is walking down the street her heart rate reaches 75 beats per minute. If she maintains this pace, will she get an effective workout? Why or why not? please help triangle 1:10 and 8 2: 63: 13 and 64: 8x=? a mason builds two patios with the same area. one is a square and the other is a rectangle 10 m longer than the square but 8 m less wide than the square. what is the area of each patio? The prime factorization is 3 2 5 2 . What number does this describe? should people have the right to own a gun Solve the system of equation by the substitution method 3x-2y=-4 y=2x