Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month
He spent <span>150.97 hope this helps :) have a good day</span>
Answer:
y - 5 = 2(x + 2)
General Formulas and Concepts:
Point-Slope Form: y - y₁ = m(x - x₁)
x₁ - x coordinate
y₁ - y coordinate
m - slope
Step-by-step explanation:
<u>Step 1: Define</u>
Slope <em>m</em> = 2
Point (-2, 5)
<u>Step 2: Create equation</u>
y - 5 = 2(x + 2)
Answer:
C is correct
Step-by-step explanation:
