Ryan wishes to purchase a new boat and can afford monthly payments of up to $900 per month. Finance is available, and the terms are that the loan lasts for 8 years and the annual interest rate is 10%. What is the maximum price for a boat that Ryan's budget can afford?
Round your answer to the nearest hundred dollars.
Do NOT round until you have calculated the final answer.

Answer:

Step-by-step explanation:

Note - Since you have given multiple questions to solve, I will solve the first question for you. To get any particular question solved, please specify the question.

1) 

To calculate Tom's monthly mortgage payments, we can use the formula for a fixed-rate mortgage payment, which is:

M = P.r.(1+r)^n / [ (1+r)^n - 1]

Where:

M is the monthly payment

P is the principal amount (the remaining property value after the deposit)

r is the monthly interest rate (annual interest rate divided by 12 months)

n is the total number of payments (number of years multiplied by 12 months)

Given:

Property value (P) after the deposit: $300,000 - (0.25 * $300,000) = $225,000

Annual interest rate (r): 2%

Number of years (n): 25 years

First, calculate the monthly interest rate (r) by dividing the annual interest rate by 12:

r=2% / 12 ​=0.02/12=0.001667

Next, calculate the total number of payments (n):

n=25 years×12 months/year=300 monthsn=25 years×12 months/year=300 months

Now, plug these values into the mortgage payment formula:

M=$225,000 x 0.001667x (1+0.001667)^300​  / [(1+0.001667)^300−1]
 

Calculating this expression will give us Tom's monthly mortgage payment: M≈$963.96

So, Tom's monthly mortgage payment will be approximately $963.96 when rounded to the nearest cent.

The answer is in the image 

For 1 flavor there are 9 topping

Therefore, for 5 different flavors there will be 5*9 choices

No of choices= 5*9

=45 

The answer is in the image 

For every 8 cars there are 7 trucks

Therefore,

Cars:Truck=8:7

Answer is B)8:7

F=ma

where F=force

m=mass

a=acceleration

Here,

F=4300

a=3.3m/s2

m=F/a

    =4300/3.3

    =1303.03kg

The solution is given in the image below

Salesperson will make 6% of 1800

=(6/100)*1800

=108

Salesperson will make $108 in $1800 sales

The answer is in the image 

Let the father's age be x and son's be y

10 years before-

Father age=x-10

sons age=y-10

Given,

x-10=10(y-10)

x-10=10y-100

Given present age of father=40

therefore,

x=40

40-10=10y-100

10y-100=30

10y=130

y=130/10

y=13

Therefore present age of son=13years