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Wittaler [7]
3 years ago
7

What is the balance on an amortized loan of $110,000 after the first payment if the interest rate is 5.5% with a monthly P&I

payment of $568?
Mathematics
1 answer:
marishachu [46]3 years ago
4 0
The interest due on the first payment is
.. I = Prt
.. I = 110,000*.055*(1/12)
.. I = 504.17

Then the decrease in principal resulting from the first payment is
.. 568.00 -504.17 = 63.83
and the new balance is
.. $110,000.00 -63.83 = $109,936.17
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Using simpler trigonometric identities, the given identity was proven below.

<h3>How to solve the trigonometric identity?</h3>

Remember that:

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Then the identity can be rewritten as:

sec^4(x) - sen^2(x) = tan^4(x) + tan^2(x)\\\\\frac{1}{cos^4(x)} - \frac{1}{cos^2(x)}  = \frac{sin^4(x)}{cos^4(x)}  + \frac{sin^2(x)}{cos^2(x)} \\\\

Now we can multiply both sides by cos⁴(x) to get:

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Now we can use the identity:

sin²(x) + cos²(x) = 1

1 - cos^2(x) = sin^2(x)*(sin^2(x) + cos^2(x)) = sin^2(x)\\\\1 = sin^2(x) + cos^2(x) = 1

Thus, the identity was proven.

If you want to learn more about trigonometric identities:

brainly.com/question/7331447

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