Julio just bought a $267,900 house. he had a 20 year mortgage with a fixed rate of 5.875%. julio’s monthly payments are $1,558.09. what percent of the purchase price was julio’s down payment?

P =[ (rM)/[1 – (1+ r/n)]^(-nt)] /  n

where P = the payment, r = the annual rate, M = the mortgage amount, t = the number of years, and n = the number of payments per year.

1558.09 = [ (0.05875M)/[1 – (1+ 0.05875/12)]^(-12(20)] /  12

The solve for M

M = 219684.92

Downpayment = 267900 -219684.92

Downpayment = 48215.08

Percentage of downpayment = (48215.08/267900) *100

= 18%

18%

Step-by-step explanation:

the line of

(2x + 16) + (x) = 180

step-by-step explanation:

given,

abcd is a quadrilateral inscribed in a circle

angle a is labeled x plus 16, (x + 16)

angle b is labeled x degrees, (x)

angle c is labeled 6x minus 4, (6x – 4)

angle d is labeled 2x plus 16, (2x + 16)

what equation can be used to solve for angle b?

we know that the sum of the opposite angles of a simple quadrilateral inscribed in a circle is 180 degrees.

angle b is opposite angle d

therefore, angle b + angle d = 180

(x) + (2x + 16) = 180 

same as (2x + 16) + (x) = 180