In the 1980s an average mortgage rate was around 18.5 how much less per month would a 150000 30 year mortgage by today if the current rate were 5 %

  $1516.69 per month less

Step-by-step explanation:

The formula for the monthly payment A on a loan of principal P, annual rate r, for t years is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

For the 18.5% loan, the monthly payment is ...

  A = 150000(.185/12)/(1 -(1 +.185/12)^(-12·30)) ≈ 2321.92

For the 5% loan, the monthly payment is ...

  A = 150000(.05/12)/(1 -(1 +.05/12)^-360) ≈ 805.23

The mortgage at 5% would be $1516.69 less per month.

$1516.68

Step-by-step explanation:

<3

answer: 370

step-by-step explanation:

remember use pemdas! there are no parentheses or exponents so lets move onto the first part of the equation: multiplication and division. first, lets break the first part of the equation up into something easier using the distributive property. 28 * 12= (20 *12) + (8*12) you know that 20*12 is 240 and 8*12 is 96. add them and you get 336. then, lets solve the last part of the equation (the last part of pemdas is addition and subtraction). 336 plus 34 is 370. hope this !

answer: 230 miles ( vote ! )

step-by-step explanation:

180.39 minus 17.99 equals 162.4

then divide 162.4 by .80 to get 230