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Use the formula of the present value of annuity ordinary to find the monthly payment of the loan
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 75500
PMT monthly payment?
R interest rate 0.065
K compounded monthly 12
N time 40 years
So we need to solve for pmt
PMT=Pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=75,500÷((1−(1+0.065÷12)^(
−12×40))÷(0.065÷12))
=442.02 (this is the monthly payment)
Now find the amount of interest
Total interest=total paid-present value
Present value=75500
Total paid
442.02×12months×40years
=212,169.6
Total interest=212,169.6−75,500
=136,669.6
The answer is 136,669.6
Answer: -30
Step-by-step explanation:
6(-5)
The negative sign will still stay.
Hence, 6x -5
= -30
Feel free to ask any questions. I'd be glad to explain.
<span>it's right
-2y= -6x+12
-2y= -2 (3x-6) |</span>÷ (-2)
y= 3x-6
Answer:
b) 822.42
Step-by-step explanation:
Just multiply 2.7 by 304.6 and your answer would be 822.42