subject
Mathematics, 02.02.2022 01:00 hahalol123goaway

Sophie is planning to buy a house. She needs to take out a mortgage for 120000 She is considering two possible options. Option 1: Repay the mortgage over 20 years, at an annual interest rate of 5%, compounded annually. Option 2: Pay $1000 every month, at an annual interest rate of 6%, compounded annually, until the loan is fully repaid. Calculate the monthly repayment using option 1. [2 marks] Calculate the total amount Sophie would pay, using option 1. [2 marks] Calculate the number of months it will take to repay the mortgage using [3 marks] ption 2 Il

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 15:30
Sunday: 1 1 2 monday: 1 tuesday: 2 1 2 wednesday: 1 3 4 thursday: 2 friday: 1 1 2 saturday: 2 jenna is a swimmer and trains every day. the schedule shown outlines the number of hours she trains each day. what is the total number of hours that jenna trains during the week?
Answers: 3
question
Mathematics, 21.06.2019 16:20
Find the value of x for which abcd must be a parallelogram -9-6x x-30
Answers: 2
question
Mathematics, 21.06.2019 18:00
The ratio of wooden bats to metal bats in the baseball coach’s bag is 2 to 1. if there are 20 wooden bats, how many metal bats are in the bag?
Answers: 1
question
Mathematics, 21.06.2019 20:30
What’s 8y+48 and factor each expression completely
Answers: 2
You know the right answer?
Sophie is planning to buy a house. She needs to take out a mortgage for 120000 She is considering tw...
Questions
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Biology, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
question
Chemistry, 10.09.2020 07:01
question
Health, 10.09.2020 07:01
question
Mathematics, 10.09.2020 07:01
Questions on the website: 13722361