The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.

Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34

The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34

6 0

3 years ago

Factor this expression. Select the correct answer from each drop-down menu.

umka21 [38]

The answer is (3x+4)(x-5)

7 0

2 years ago

Read 2 more answers

3 is 12% of what number

AleksAgata [21]

3/12% = 25

<em>Therefore, 3 is 12% of 25.</em>

3 0

3 years ago

Read 2 more answers

Suppose triangle ABC has vertices at A(1, 0), B(10, 0), and C(2, 6). After a 60° counterclockwise rotation about the origin, ver

Artemon [7]

Check the picture attached.

Let OB be the radius of circle with center O.

Let B' be the image of B after the described rotation

OB and OB' are sides of the equilateral triangle OBB'.

The x coordinate of B' is the midpoint of OB, that is 5.

In the right triangle B', point (5, 0) and B:

Distance point (5, 0) to B is 5
|B'B|=|OB|=10

so by the pythagorean theorem:

$a= \sqrt{ 10^{2} - 5^{2} } = \sqrt{ 2^{2} *5^{2} - 5^{2} }= \sqrt{5^{2}(4-1)}=5 \sqrt{3}$ units

Answer: $5 \sqrt{3}$

3 0

3 years ago