The mixed number form is 6 2/3
The decimal form is 6.6
The exact form is 20/3
The parts of a lease that are most similar to a mortgage are C. THE TERM OF LEASE AND THE MONTHLY RENT.
The term of lease is at least 1 year. And lease payments are usually made monthly.
Mortgage, be it real property or chattel mortgage, is for a period of at least 5 years and monthly payment must be made. The payment covers the principal amount loaned as well as the corresponding interest on the loaned amount.
Hello!
First you have to find out how many hours are in a day
There are 24 hours in a day
Since 1200 people pass a day to find the hourly rate you do
1200 / 24
This gives us the answer of 50
Hope this helps!