Answer:
x = - 3 ± 3
Step-by-step explanation:
given the equation x² + 6x - 9 = 0
We can solve for x using the quadratic formula
x = ( - b ± ) / 2a
with a = 1, b = 6 and c = - 9
x = ( - 6 ± ) / 2
= ( - 6 ± ) / 2
= ( - 6 ± ) / 2
= ( - 6 ± 6 ) / 2
x = - 3 ± 3
Answer:
1
Step-by-step explanation:
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.