Answer:
Step-by-step explanation:
<u>P</u>arentheses <u>E</u>xponents <u>M</u>ultiplication <u>D</u>ivision <u>A</u>ddition <u>S</u>ubtraction
5X100=500 and 9X1=9 and 41/100=0.41 Then put them back into the equation
5X100+9X1+41/100=
500 + 9 + 0.41 = Now add. 509.41
You forgot to put the problem but choose answers that will divide evenly
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.
Answer: -5
Step-by-step explanation: