Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
3 possible solutions.
The reason is because of the degree, which is 3
Answer:x=−3
x=−2
Step-by-step explanation:
Answer:
72x56x267 then put those together and you get the answer
You use rise over run
so say a graph is going up 2 for every 1 going across
the slope would be 2 over 1