Given:
P = $8000, the principal
r = 5.99% = 0.0599, the interest rate
t = 60 months = 5 years, the duration
Assume n = 12, monthly compounding.
n*t = 12*5 = 60
r/n = 0.0599/12 = 0.004992
The total value of the loan is
A = P(1 + r/n)⁶⁰
= 8000(1.004992)⁶⁰
= 10785.434
Monthly payment = 10785.434/60 = $179.76
Answer: $179.46
Answer:
y=-3/4x+4
Step-by-step explanation:
Equation Format:
where m = slope & c = y-intercept
Hence:
7=-3/4(-4)+c
7=3+c
c=4
y=-3/4x+4
Did you try to do the problems first?
Joys age is x
x + (x-4) = 74
2x = 78
x = 39
joy is 39 years old
