You are given an annual interest rate of 4.2% compounded monthly for 20 years, mortgage amount of $235,000. You are asked to find the monthly payment. You need the compound interest formula to solve this problem. The answer is $1,449.
The answers are boxed the rest of it is just the work in case you want to know how to do it.
Find common denominators and move from there
Answer:
54 students
Step-by-step explanation:
42 / 7 = 6
9 x 6 = 54
42 : 54 = 7 : 9