HIGHSCHOOL MATH MATHEMATICS FOR WORK AND EVERYDAY EVERYDAY LIFE
work assignments
work assignments
Watch the video below, then answer the questions in your initial post.
area I choose Katy, Texas 77493 zip code
Instructions for the initial post:
For your initial post this week, you will investigate the purchase of a home. You must show your work for the calculations (you may still use a calculator, just be sure to show the operations you performed). This will be performed in multiple steps:
Step 1: Using Zillow.com or Redfin.com, find a house in the region of the country you plan to live in after graduation. It does not have to be for sale at the time of writing this – you can use the estimate of the home’s price provided by the website. If you already own a home, find a home you’d be interested in moving to after graduation (even if you have no serious plans to move). Share the price of the home in your post for this step, and be sure to cite the link to the home at the bottom of your post in proper APA format.
Step 2: Calculate how much a 20% Down Payment on the house would be. Be sure to clearly state what this amount would be, in dollars. Now, calculate the loan amount (that is, how much money you’ll need to borrow) by taking the price of the house and subtracting your down payment from it. Be sure to clearly indicate what this loan amount will be.
Step 3: Calculate your closing costs by estimating that closing costs will be 3% of the loan amount. Then, calculate your cash to close by adding the closing costs with the down payment amount from Step 2. This cash to close amount is how much money you’ll already need to have in savings to facilitate the purchase.
Step 4: Using a search engine, find the national average interest rate for a 30-year fixed mortgage and share it in your post, as a percent.
Step 5: Then, use this
. Calculate the monthly mortgage payment for buying this house. You will put in the loan amount you found in Step 2, the interest rate you just found in Step 4 (keep it as a percent), and will put in a 30-year loan term. Clearly state the mortgage payment amount in your post.
(Note: Keep in mind this mortgage payment is just what the lender receives from you each month for paying off the loan. You will also have property taxes and insurance, which we will not calculate here, and these coupled with your mortgage payment represent your true housing payment each month).
Step 6: One rule of thumb when buying a house is that you should spend no more than 28% of your household monthly income on your mortgage payment. Divide the mortgage payment you calculated in Step 5 by 0.28. This new value will be the minimum household income you’ll want to have to be able to afford that mortgage payment according to this rule of thumb – be sure to share this value.
Step 7: Share your personal thoughts concerning the affordability of the house you found. You may use the following questions to help:
Do you expect to be making enough money at graduation (and after starting a new job, if applicable) to afford this house? If not, how many years of experience do you think you’ll need to be making enough? Keep in mind you can bring into account other income streams from your household if they apply.
Do you always need to make a 20% down payment? What are some of the advantages and disadvantages of home ownership?
Your initial post should include the citation of your source(s) using APA format. Be sure to put your information in your own words.
Instructions for replies:
Reply 1: Respond to a peer and compare their findings with your own. Does the house your peer found seem like a good value for its price, and for its monthly mortgage payment?
Reply 2: Respond to another peer and compare their findings with your own. Does the house your peer found seem like a good value for its price, and for its monthly mortgage payment?
SKQ-101 Online Sections Graded Homework 7
Directions: Draw a circle around your answer(s) for each question and show all of
your work.
Graded Question #1
A survey was conducted to find out the favorite type of cuisine among 100 people. The
results were categorized into five types: Italian, Chinese, Mexican, Indian, and American.
The goal of the graph is to show how each cuisine makes up a portion of the whole groups
preferences. What type of display (bar graph, line graph, or pie chart) would be most
appropriate for this data? Explain your reasoning.
Graded Question #2
You have a list of eight different countries and the number of Olympic medals each won in
the last games. What type of display would be most appropriate to compare the number of
medals won by each country? Explain your reasoning.
Graded Question #3: Unit C Exercise 8 Page 177
Decide whether the following statement makes sense (or is clearly true) or does not make
sense (or is clearly false). Explain your reasoning.
Statement: The relative frequency of B grades in our class was 0.3.Graded Question #4
(a) Complete the frequency table for the following data set:
Final grades of 20 students in a math class:
A, A, A, A, A, B, B, B, C, C, C, C, C, C, C, C, C, D, D, F
Grade
Frequency
Relative Frequency
Cumulative Frequency
A
B
C
D
F
Totals
(b) Make a pie chart of the relative frequencies to display the data. Be sure to include a
title, a legend or labels for each section, and percentages for each section.Graded Question #5
(a) Use ten-point bins to make a frequency table for the following data set that shows
the final grades of 20 students in a science class:
91
72
78
75
78
70
83
95
69
84
77
88
98
90
92
68
86
79
60
96
Grade
Frequency
Relative Frequency
Cumulative Frequency
60 to 69
70 to 79
80 to 89
90 to 99
Totals
(b) Make a histogram to display the data. Be sure to include a title, vertical
scale and label, and horizontal scale and label.
When the power of a number is negative, to make the power positive, we flip the number (take the reciprocal), and then the power becomes positive.”
English Mathematical Terms:
Mathematical Rule:a+(1/a)^-n=a+a
You can use the sage math only to find RREF… do not need to find RREF by hand.
Attached Files (PDF/DOCX): math264_Quest2.pdf
Note: Content extraction from these files is restricted, please review them manually.