SOLUTION: You can afford a $1100 per month mortgage payment. You've found a 30 year loan at 8% interest. Decrypt the message IDER HURN AATE ASTY DHAR MWSN TDTX OHOO QEA if it was encryp

Question 1053864: You can afford a $1100 per month mortgage payment. You've found a 30 year loan at 8% interest.

Decrypt the message IDER HURN AATE ASTY DHAR MWSN TDTX OHOO QEA if it was encrypted using a tabular transposition cipher with rows of length 5 characters.

Apply the sorted edges algorithm to the graph above. Give your answer as a list of vertices, starting and ending at vertex A. Example: ABCDEA
CAN YOU PLEASE HELP ME
Found 3 solutions by Alan3354, addingup, MathTherapy:
Answer by Alan3354(69443)   (Show Source): You can put this solution on YOUR website!
It's unusual to have to decrypyt a mortgage agreement.
Answer by addingup(3677)   (Show Source): You can put this solution on YOUR website!
You can afford 1100 per month
The rate is 8% annual compounded monthly (when payments are made). Thus, the monthly rate is 0.08/12 = 0.00667
The number of period n=30 years, and 30*12(months per year)= 360
:
Payment = r(PV)/[1-(1+r)^-n]
plug in your numbers:
:
1100 = 0.00667(PV)/[1-(1.00667)^-360
We have a negative exponent. A negative exponent is like the reciprocal of the number, so 1.00667^-360 = 1/1.00667^360. Solve this and you get: 0.0913
Now we have:
1100 = 0.00667(PV)/1-0.0913 = 0.00667(PV)/[1-0.0913] = 0.00667(PV)/0.9087
1100*0.9087 = 0.00667(PV) = 999.57= 0.00667(PV)
999.57/0.00667 = PV divide on left and you get
PV = 147,860.57 is the max present value of the mortgage you can afford.
:
John
Answer by MathTherapy(10549)   (Show Source): You can put this solution on YOUR website!
You can afford a $1100 per month mortgage payment. You've found a 30 year loan at 8% interest.

Decrypt the message IDER HURN AATE ASTY DHAR MWSN TDTX OHOO QEA if it was encrypted using a tabular transposition cipher with rows of length 5 characters.

Apply the sorted edges algorithm to the graph above. Give your answer as a list of vertices, starting and ending at vertex A. Example: ABCDEA
CAN YOU PLEASE HELP ME

Looking for mortgage you can afford, paying 8% interest for 30 years? It's:
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