The monthly payment p on a mortgage is directly proportional to amount A that is borrowed. If
Question:
The monthly payment p on a mortgage is directly proportional to amount A that is borrowed. If p = $635 for A = $100,000.00, find p if A = $345,000.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
We are given that the monthly payment p on a mortgage is direc...View the full answer
Answered By
Krishnavendra Y
I am a self motivated financial professional knowledgeable in; preparation of financial reports, reconciling and managing accounts, maintaining cash flows, budgets, among other financial reports. I possess strong analytical skills with high attention to detail and accuracy. I am able to act quickly and effectively when dealing with challenging situations. I have the ability to form positive relationships with colleagues and I believe that team work is great key to performance. I always deliver quality, detailed, original (0% plagiarism), well-researched and critically analyzed papers.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Basic Technical Mathematics
ISBN: 9780137529896
12th Edition
Authors: Allyn J. Washington, Richard Evans
Question Posted:
Students also viewed these Mathematics questions
-
Find a mathematical model that represents the statement. (Determine the constant of proportionality.) 1. y is directly proportional to x. (y = 54 when x = 3.) 2. A varies directly as r2. (A = 9 when...
-
Find a mathematical model for the verbal statement. 1. A varies directly as the square of r. 2. V varies directly as the cube of l. 3. Y varies inversely as the square of x. 4. H varies inversely as...
-
1. The Multiple Risk Factor Intervention Trial (MRFIT) used data from 356,222 men aged 35 to 57 to investigate the relationship between serum cholesterol and coronary heart disease (CHD) risk. The...
-
To meet the demand for parking, your town has allocated the area shown here. As the town engineer, you have been asked by the town council to find out if the lot can be built for $11,000. The cost to...
-
What is meant by significant influence?
-
The equation mgy for gravitational potential energy is valid only for objects near the surface of a planet. Consider two very large objects of mass m 1 and m 2 , such as stars or planets, whose...
-
The owner and managing director of Eaglet plc, a large, independent garage, is considering how to improve the company's management information system. The garage engages in 3 main activities: the...
-
Unique characteristics of biologically active materials such as fruits, vegetables, and other products require special care in handling. Following harvest and separation from producing plants,...
-
= L" f(x) dx = -1 f(x) f(x) dx. Therefore, we can say the following. f(x) dx We also know that f(x) dx = dx-F
-
Of Earths water area, the Pacific Ocean covers 46.0%, and the Atlantic Ocean covers 23.9%. Together they cover a total of 2.53 10 8 km 2 . What is the area of each?
-
The average speed s of oxygen molecules in the air is directly proportional to the square root of the absolute temperature T. If the speed of the molecules is 460 m/s at 273 K, what is the speed at...
-
Find the eigenvalues and eigenvectors of the given matrix. :) (2
-
What exactly is Pascal trying to prove with his bet and what type of reasoning he is using? Present each possible outcome in Pascal's own sentence. How should an objection be made to the position...
-
You just purchased an interesting investment in teak forests for a total cost of $3,275. You expect to sell the entire investment in 17.93 years for $32,526. Given it's riskiness, the expected...
-
Brookline , Inc . just sold an issue of 40-year bonds for $ 2,207.20 . Investors require a rate of return on these bonds of 9.65 % . The bonds pay interest semiannually . What is the coupon rate of...
-
Adams and Adams, Inc. (AA), a law firm prepares ANNUAL financial statementsatDecember 31 each year. The following questions relate to the adjusting entries recordedatDecember 31, 2018. AA had the...
-
Calculate the modified IRR of project A considering the following estimated data: Initial cost at time 0 = $1,000 After-tax, end of year cash inflows are as follows: first year: $1,150; second year:...
-
What is the purpose of using multiple performance measures?
-
Explain the term global capital markets. This chapter primarily discusses global equity markets. What other types of financial instruments are traded in these markets? How important are global...
-
Find f(z) = u(x, y) + iv(x, y) with u or v as given. Check by the CauchyRiemann equations for analyticity. u = cos 3x cosh 3y
-
Find the principal value. Show details. (3 + 4i) 1/3
-
Find f(z) = u(x, y) + iv(x, y) with u or v as given. Check by the CauchyRiemann equations for analyticity. v = y/(x 2 + y 2 )
-
P11.34 Overhead variances; journal entries; closing variance accounts: manufacturer LO11.5 Broome Instruments Company manufactures a control valve used in air-conditioning systems. The firm uses a...
-
What are the problems with the ideal CNN model? A. Requirement of a large and labeled image dataset B. Higher computational cost for training deep CNNs C. Lower computational cost for training deep...
-
Pregunta 10 1 pts El ingenio Mujica labora en INHGEOMIN; el contador de la institucin le informa que una mina en explotacin tiene una produccin anual de $600,000 y se calcula que se agotar en cinco...
Study smarter with the SolutionInn App