A couple purchased a home 20 years ago for $65,000 . The home was financed by paying 20 % down and signing a 30-year mortgage at 8 % on the unpaid balance. The net market value of the house is now $130,000 , and the couple wishes to sell the house. How much equity (to the nearest dollar) does the couple have in the house now after making 240 monthly payments?
A couple purchased a home 20 years ago for $65,000 . The home was financed by paying 20 % down and signing a 30-year mortgage at 8 % on the unpaid balance. The net market value of the house is now $130,000 , and the couple wishes to sell the house. How much equity (to the nearest dollar) does the couple have in the house now after making 240 monthly payments?
Solution Summary: The author calculates the equity couple have in the house after making 240 monthly payments for it purchased 20 years ago.
A couple purchased a home
20
years ago for
$65,000
. The home was financed by paying
20
%
down and signing a 30-year mortgage at
8
%
on the unpaid balance. The net market value of the house is now
$130,000
, and the couple wishes to sell the house. How much equity (to the nearest dollar) does the couple have in the house now after making 240 monthly payments?
4.
5.
6.
Prove that p (gp) is a tautology using the laws of propositional logic.
Prove that p((pVq) → q) is a tautology using the laws of propositional logic.
Let us say a natural number n is ok if there are two natural numbers whose sum
is n and whose product is n. (Convention: the natural numbers consist of 0, 1, 2,...)
(a) Give a logical expression that means "n is ok".
(b) Show that 0 and 4 are both ok.
(c) Give a logical expression that means "every natural number is ok".
(d) Give a logical expression that means "it is not the case that every number is ok". Push
the negations into the expression as far as possible.
7.
Let E(x, y) be a two-variable predicate meaning "x likes to eat y", where the
domain of x is people and the domain of y is foods. Write logical expressions that represent
the following English propositions:
(a) Alice doesn't like to eat pizza.
(b) Everybody likes to eat at least one food.
(c) Every student likes to eat at least one food other than pizza.
(d) Everyone other than Alice likes to eat at least two different foods.
(e) There are two different people that like to eat the same food.
21. Determine for which values of m the function (x) = x™ is a solution to the given equation.
a. 3x2
d²y
dx²
b. x2 d²y
+11x
dy
- 3y = 0
dx
dy
dx2
x dx
5y
= 0
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