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vladimir2022 [97]
1 year ago
11

A small restaurant was purchased for 316000 with no down payment and a 6.6% loan for 10 year. Find the monthly payment

Mathematics
1 answer:
DiKsa [7]1 year ago
4 0

We will have the following:

First, we calculate the total payment per year:

p_y=316000\cdot0.066\Rightarrow p_y=20856

Now, we calculate the monthly payment:

316000=\frac{p}{0.0055}(1-\frac{1}{(1+0.066)^{120}})\Rightarrow1738=p(0.9995331951\ldots)\Rightarrow p=\frac{1738}{(1-\frac{1}{(1+0.066)^{120}})}\Rightarrow p=1738.811686

So, the monthly payment will be approximately $1738.811686.

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Help! is due today please
MakcuM [25]

Answer:

Option 2

Step-by-step explanation:

Minimum value is going to be in the y part of our coordinate, so we can just look there. I went ahead and used a graphing calculator to make things easy.

Starting off with option 2, we can see the minimum is -10. And in option 4 we can see the smallest y value is -6.

Using a graphing calculator (I used desmos), we can graph these other functions and figure out their minimums.

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Option 1: -7

Option 2: -10

Option 3: -2.25

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7 0
3 years ago
A farm has a small water tank with a diameter of 10 feet and a height of 4 feet. What is the lateral surface area of the water t
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Read 2 more answers
How do you divide polynomials using long division
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This is a simple example:-
             x   +   9
         ------------------------------
x - 1 )  x^2  +  8x  -    9
           x^2  -   x                  subtract
           ------------
                     9x  -  9
                     9x  -  9
                  ----------
                     ..........

First divide x into x^2  to give x which goes above 
Then multiply x - 1 by x to give x^2 - x

Subtract this fro x^2 + 8x  gives 9x
Bring down the - 9 then divide x into 9x
and finally  multiply x - 1 by  9 to give   9x - 9
Finally subtract  and you sre done. There is no remainder as x - 1 is a factor of x^2 + 8x - 9.

The  polynomial must be in descending powers of x . If one is missing you insert it  with a coefficient of zero before you start the division. 

for example if you have   x^3 - 3x + 12   you write it as

 x^2 + 0x^2 - 3x + 12


                   
8 0
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