Answer:
$66.67
Step-by-step explanation:
The calculation of first monthly mortgage payment is amortization is given below:-
Amount borrowed = Purchase first home cost - Down payment
= $190,000 - $38,000
= $152,000
Annual interest = ($152,000 × 5%) ÷ 12
= $7,600 ÷ 12
= $633.33 per month
Now,
First monthly payment = Mortgage payment - Annual interest
= $700 - $633.33
= $66.67
Hence, we simply applied the above formula.
Answer:
a is the correct answer
Step-by-step explanation:
Answer:
$50.4
Step-by-step explanation:
12% of 45 is 5.4
5.4 + 45 = 50.4
Hope I helped! Have a great day :)
It should open up because the a which is 4 is positive
Answer:
f(1) = 1
Step-by-step explanation:
The value of f(1) simply means what is the corresponding output we would get for an input of 1.
This also implies that for what of y is x equal to 1?
From the graph, when x = 1, y = 1.
Thus:
f(1) = 1