Answer:
Step-by-step explanation:
Jeff decided to purchase a house, his mortage is a 30-year loan at 4.1 % compounded monthly. The final purchase price was $150,0
1 answer:
Answer:
$711.23
Step-by-step explanation:
We assume the entire closing cost went to reducing the principal of the loan. Then the amount borrowed was $147,192.
<h3>Monthly payment</h3>The amortization formula tells you the monthly payment.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
P is the principal, r is the annual rate, and t is the number of years.
The monthly payment is ...
A = $147,192(0.041/12)/(1 -(1 +0.041/12)^-360) ≈ $711.23
Jeff's monthly payment is $711.23.
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Answer:
A)
B)
C)
Step-by-step explanation:
So we have the equation:
Let's write this in function notation. Thus:
A)
To flip a function over the x-axis, multiply the function by -1. Thus:
Simplify:
B) To flip a function over the y-axis, change the variable x to -x. Thus:
Simplify:
C) A reflection over the line y=x is synonymous with finding the inverse of the function.
To find the inverse, switch x and f(x) and solve for f(x):
Switch:
Subtract 4 from both sides:
Divide both sides by 5:
And we're done :)