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Your home mortgage is $300,000 for 30 years with a nominal annual rate of 7%. The monthly payment is most nearly:
Solution: n = 360 months interest = 7%-annual ÷ 12-months/year
= 0.583% per month
$300,000(A/P, 0.00583, 360) = Apply the equation:
i (1+i)n/ (1+i)n -1
= 0.006650339
A = 300,000 x 0.006650339 = $1,995.10 per month
Q. Design a water supply scheme for new Railway colony based on the following data's. i. Requirement of Loco and domestic consumption 5 lacs gallon per day. ii. Source of wat
An 8 kN.m moment is applied at the end of a block fixed into the ground as illustrated in thefigure below. The moment vector (double arrow head representation) acts in line with th
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Explain the important factors affecting the design of pavement?
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A clay sample, having its natural moisture content, weighs 0.333 N. The specific gravity of solids of this soil is 2.70. After oven-drying, the soil sample weighs 0.2025 N. The vol
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