What is your monthly mortgage payment

Assignment Help Mathematics
Reference no: EM13178161

You wish to purchase a house for $200,000 with 20% down. You will have it financed over 30 years at a rate of 8%. In addition, your yearly real estate tax is $4,800 while your monthly insurance payment on the home will be $30. What is your monthly mortgage payment? How much does your house cost per month including principal, interest, real estate taxes, and insurance?

Reference no: EM13178161

Questions Cloud

State substrate-level phosphorylation : The ATP that is generated in glycolysis is produced by substrate-level phosphorylation, a very different mechanism than the one used to produce ATP during oxidative phosphorylation
What did the doctor say after examining yunn yunsberger : What did the doctor say after examining Yunn Yunsberger.
State the concentration of oxygen in the arterial blood : An otherwise healthy medical student visits pikes peak (barometric pressure of 450 mmHg) during spring break. druing her first hour on the peak, she was foced to rest at periodic intervals. Which of the following is increased?
Financial statement effects of fifo and lifo : Inventory on hand at December 31, 2009, consisted of 40,000 units valued at $3.00 each - would have different amounts for 2011 if LIFO rather than FIFO had been used, and state the new amount for each account that is named
What is your monthly mortgage payment : What is your monthly mortgage payment? How much does your house cost per month including principal, interest, real estate taxes, and insurance?
What monthly payment will john get : John sells his house and earns a profit of $600,000. With the profit, he buys a 20 year annuity that earns 6.5% interest compounded monthly. What monthly payment will John get?
Agility-resilience in dealing-change in business environment : How important do you think it will be for companies of the future to develop their agility and resilience in dealing with changes in their business environment?
What is the present value of this annuity : Suppose a retiree wants to buy an ordinary annuity that pays her $2,000 per month for 20 years. If the annuity earns interest at 3.5% interest compounded monthly, what is the present value of this annuity?
State pepsin is an enzyme that breaks down protein : How would you test an unknown solution for: (a) sugar (b)fat (c) starch (d) protein? 2) Although pepsin is an enzyme that breaks down protein, a test for peptides is negative. Why?

Reviews

Write a Review

Mathematics Questions & Answers

  Determining minimum consumed time

From a raft 50m offshore, a lifeguard wants to swim to shore and run to a snack bar 100m down the beach. If the lifeguard swims at 1m/s and runs at 3m/s, express the total swimming and running time t as a function of the distance

  Working with probability distributions and expected values

Working with probability distributions and expected values. Suppose 5 apples in a barrel of 25 apples are known to be rotten.

  Find the derivative of the function

Find the derivative of the function.

  Determine the probability that an employee selected

Using excel I'm trying to create a probability tree showing all marginal, conditional and joint probabilities. Im also trying to develop a joint probability table and determine the probability that an employee selected at random would fail the man..

  Linear algebra concepts

Creating matlab code using these linear algebra concepts. 1500 points for help with any of these! Preferably all but I've posted this multiple times and it seems no one can help

  Systems of linear equations word problems

Joe wants to sell his horses for 500.00 each and his cows for 300.00 each for a total of 2100.00 for them all. How many horses and how many cows are Joe selling?

  Combinational circuit for boolean expression

Digital information can be represented through the use of Boolean algebra, which is an important concept to study if one wishes to understand how computers work.

  Misleading use of percentages

A New York Times editorial criticized a chart caption that described a dental rinse as one that "reduces plaque on teeth by over 300%." What is wrong with that statement?

  Calculus-application of derivatives

The prong of a tuning fork moves back and forth when it is set into vibration. The distance the prong moves between its extreme positions is 2.22 mm.

  Inner product in vector spaces

Find each of the following for the given inner product defined in R^2 =3u(subscript 1)v(subscript 1) + u(subscript 2)v(subscript 2)

  Find the validity of following argument form

Find the validity of following argument form.

  Linear programming model for maximizing profit

Linear Programming Model for Maximizing Profit of a Production Schedule, Ms. Olsen, a coffee processor, markets three blends of coffee. They are Brand X, Minim and Taster's Reject. Ms. Olsen uses two types of coffee beans

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd