Hint: Answer these two questions: 1. What number do you start with? 2. How do you get from one number to the next? Look at the s
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The speed of this car is equal to 1.6 km/min.
<u>Given the following data:</u>
- Distance = 50 kilometers.
- Time = 30 minutes.
To calculate the speed of this car:
Speed can be defined as the distance travelled by an object per unit time and it is usually measured in meter per seconds (m/s). Also, speed has magnitude but no direction and as such it is a scalar quantity.
Mathematically, speed is given by the formula;
Substituting the given parameters into the formula, we have;
Speed = 1.6 km/min.
Read more: brainly.com/question/13102821
Answer:
5 a) PMT=$1,465.60
b) Total Payments=$527,616
c) Total Interest=$331,616
6a) Interest=$1,079.93
b) Principal=$584.07
Step-by-step explanation:
a. Given the loan amount is $196,000, annual rate is 8.2% and the loan term is 30 years.
-The monthly mortgage payment can be calculated as follows:
Where:
- PMT is the monthly mortgage payment
- r is the annual interest rate
- n,t is the number of annual payments and time in years respectively
-We substitute to solve for PMT:
Hence, the monthly mortgage payment is $1,465.60
b. The total number of payments is obtained by multiplying the total number of payments by the amount of each payment:
Hence, the total amount of payments is $527,616
c. The amount of interest paid over the loan's term is obtained by subtracting the principal loan amount from the total payments made:
Hence, an interest amount of $331,616 is paid over the loan's term.
6 a) We first obtain the effective loan amount by subtracting the down-payment:
The interest paid on the first mortgage payment is calculated as below:
Hence, the amount of interest in the first payment is $1,079.93
b. The amount of principal repaid is obtained by subtracting the interest amount from the monthly mortgage payments;
Hence, the amount of principal applied is $584.07