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Mrac [35]
2 years ago
6

The following table shows the first segment of a five-year amortization schedule.

Mathematics
1 answer:
ELEN [110]2 years ago
4 0

After one year of payments, the amount need to be paid to interest is $1100.42 if the first segment of a five-year amortization schedule is a 5-year amortization schedule option (a) is correct.

<h3>What is a loan amortization schedule?</h3>

It is defined as the systematic way of representation of loan payments according to the time in which the principal amount and interest mentioned in a list manner.

We have a table given that showing a first segment of a five-year amortization schedule that has a 5-year amortization schedule and the amount of interest paid for months 1 through 12.

As the loan amount is not mentioned in the question, we are assuming the loan amount is $1184.6

Therefore, loan amount = $1184.6

The outstanding amount at the end of one year, which is 12 months, is shown in the table as $84.18

After one year of payments, the amount need to be paid to interest:

= Loan amount - Outstanding amount after 12 months

= 1184.6 - 84.18

= $1100.425

Thus, after one year of payments, the amount need to be paid to interest is $1100.42 if the first segment of a five-year amortization schedule is a 5-year amortization schedule option (a) is correct.

Learn more about the amortization schedule here:

brainly.com/question/15357884

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Answer:

5) x = 1, y = -3

6) x = -20, y = 2

7) infinite solutions

8) no solutions

Step-by-step explanation:

5)

y = 5x - 8

y = -6x + 3

5x - 8 = -6x + 3

11x = 11

x = 1

y = 5 - 8

y = -3

6)

2x + 10y = -20

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2x = -20 - 10y

x = - 10 - 5y

-x = 28 - 4y

x = -28 + 4y

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18 = 9y

2 = y

2x + 20 = -20

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x = -20

7)

this has infinite solutions because one equation is a simplified version of the other

8)

this has no solutions because 5 does not equal -5

9)

I can't graph on brainly, hope this helped though

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