Benjamin has purchased a $105,000 home with a 30-year mortgage at 4.75%.

He can make a monthly payment of $1000. If he were to make this payment

each month, how long will it take him to pay off his mortgage?

Benjamin has purchased a $105,000 home with a 30-year mortgage at 4.75%.

=>Total amount of mortgage:

M = 105000 x ( 1 + 4.75/100)^30 = 422483.98$

If he were to make this payment  each month, he would need an amount of time to pay off his mortgage:

T =  422483.98/1000 =422.5 months = 35.2 years

Hope this helps!

:)

boxplot

in the math equation 8 x 7 = 56, the 8 and the 7 are both factors of 56, since in this lesson we will use square tiles to figure out the factors of a whole find as many different arrays as you can, but follow one important rule: all the rows must have the i can make two rows of nine, so 2 and 9 are both factors of 18.

step-by-step explanation: