Answer:
what do you mean like 4 with a exponent of 2,3,4,5,6,7,8,9,10?
Step-by-step explanation:
Answer:
5.81%
Step-by-step explanation:
Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Answer:1200 miles
Step-by-step explanation:
Given
Mr. and Mrs. Thompson drove
in October
They drove 2 times as many miles in December
so they drove
in December
In November they drove 2 times as many as in december
So they drive 1200 miles in November
Wouldent the answer be A because all percents are out of 100 so the 1.9 would be 9 over 100