The following formula is a variation of the ”compound interest formula”, compounded yearly:
I = P (1 + r)t−P
I is the interest you earn/owe
P is the amount of money at the beginning (the principal)
r is the interest rate as a decimal
t is the amount of time (in years)
Please note: The ”t” is in the exponent position. That means it’s raising
(1 + r) to the power of ”t”. You can type this in some online calculators by
holding shift and pressing the ”6” key. That should give you this carrot symbol,
ˆ, which means ”exponent”
Aaron has bought a house using a loan of $180,000, 4% interest. Their
monthly mortgage payment is $1000. The taxes and insurance for the house is
$270 a month. They make their first mortgage payment after 30 days.

found it xd it ok yt

$655.61 which is option c

step-by-step explanation:

price of house =   $146,000

initial rate = 3.5%

mortgaged paid in this = 3.5 % of $146,000

                                        =

                                        =$5110

the total years would be = 7

total mortgaged paid = 7 * $5110

                                      =$35770

remaining money = $146000-35770

                                =$110230

new mortgaged payment = 5 % of 110230

                                            =  

                                            =$655.61

i believe it’s 165 because if u add 137 and 58 u get 195 and then subtract that from 360 and there’s ur answer