subject
Mathematics, 28.08.2020 18:01 Hellboy467

(b) The Johnsons have accumulated a nest egg of Sh.40,000 that they intend to use as a down payment toward the purchase of a new house. They have decided to invest a minimum of Sh.2400/month in monthly payments (to take advantage of tax deductions) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed Sh.3000. If local mortgage rates are 7.5%/year compounded monthly for a conventional 30-year mortgage, what is the price range of houses that they should consider?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
Arestaurant offers a $12 dinner special that has 5 choices for an appetizer, 12 choices for an entrée, and 4 choices for a dessert. how many different meals are available when you select an appetizer, an entrée, and a dessert? a meal can be chosen in nothing ways. (type a whole number.)
Answers: 1
question
Mathematics, 21.06.2019 22:00
Question 13 (1 point) jerome is starting a new job. his contract states he will earn $42,000 the first year, and will get a 4% raise per year. which function s(x) represents jerome's salary after a certain number of years, x?
Answers: 1
question
Mathematics, 22.06.2019 01:00
Which of the following domains provide a real value periods
Answers: 3
question
Mathematics, 22.06.2019 03:00
Darcy deposited $390 into a savings account. as long as the account balance remains at or above $150, she does not have to pay a service fee for the account. for how many months can she withdraw $40 a month without having to pay service fees? a) 3 b) 5 c) 6 d) 9
Answers: 1
You know the right answer?
(b) The Johnsons have accumulated a nest egg of Sh.40,000 that they intend to use as a down payment...
Questions
question
Spanish, 28.08.2019 19:30
question
Physics, 28.08.2019 19:30
Questions on the website: 13722367