Okay so first I am taking it that you have to subtract 24k from the 104k which brings it to 80,000.
I am also taking it that the 8.5% is suppose to be in decimal form which makes it .085%
Take the 80,000 and use the monthly payment formula, which is really easy to use.
Monthly payment should be 644.18
height:length
1:2
x feet: 5 feet
You know the length and the ratio of the dimensions. From the ratio you know that the length is twice the height. So height = 5/2 = 2.5 ft.
The answer would be:
5(-4) - 8
-20 - 8
-28
Answer:
3 twelths is your answer :)