Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
They both equal the same thing
(6 x 3) x 2 = 36
6 x(3 x 2) = 36
Answer:
100.48
Step-by-step explanation:
Get the Radius which is 8 then multiply (8)(8) and then get 64, finally you need to do 64*3.14 to get the final answer of 200.96. Then you need to divide that by two which would give you the final answer of 100.48
Answer:
The answer is 
Step-by-step explanation:
Answer:
1st statement is true.
2nd statement is false.
3rd statement is true.
Step-by-step explanation:
We have been given two inequalities and we are asked to find out whether the given statements are true or false.
represents balance of account A and
represents balance of account B.
1. We can see from our inequalities that Jeremiah initially invested $100 in account A and $50 in account B. Therefore, 1st statement is true.
2. The rate at which balance of account A grows is 1.2 and rate for account B is 1.23. Therefore, 2nd statement is false.
3. We can find total amount Jeremiah invested in two accounts by adding initial investment of both accounts, that is 100+50=150 . Therefore, 3rd statement is true.