a) For principal amount P, interest rate r, and number of years t, the amortization formula for the monthly payment A is ...
... A = P(r/12)/(1 -(1 +r/12)^(-12t))
... A = 22500·(0.06/12)/(1 -(1 +0.06/12)^(-12·20)) ≈ 161.20
The monthly payment is $161.20.
b) After 240 payments, the amount repaid is
... $161.20·240 = $38,688
c) (22500/38688)·100% = 58.2% is paid toward principal
The remaining amount, 41.8% is paid toward interest.
Answer: 4 quarts of milk
Step-by-step explanation: if you buy 3 quarts it won't be enough since 6 pints is not equal to or more than 7 pints but 4 quarts (8 pints) is more than 7 pints so it is more than enough which means you will still have one pint extra after making whatever you need.
Answer: x = 2
<u>Step-by-step explanation:</u>
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Answer: x = 0
<u>Step-by-step explanation:</u>
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Answer: No Solution
<u>Step-by-step explanation:</u>
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Answer: No Solution
<u>Step-by-step explanation:</u>
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The answer is B.
Using rise over run, you can tell that the graph goes down 2 and over 1. This is the same as -2.
Answer:
The missing value is -9
Step-by-step explanation:
Given
Required
Determine the missing value
Represent _ with a variable
Open the bracket
Subtract 2 from both sides
Reorder
<em>Hence, the missing value is -9</em>