Solve the equation using substitution?
P=15.5 would be the answer
Hello,
Assume Ax+By+Cz+D=0 the plane 's equation.
p=(0,0,0)==>A*0+B*0+C*0+D=0==>D=0
q=(0,1,0)==>A*0+B*1+C*0+0=0==>B=0
r=(1,2,3)==>A*1+0*2+C*3+0=0==>A=-3C
Let C=1==>A=-3
An equation of the plane is -3x+z=0
First find the yearly payment using the formula of the present value of annuity ordinary
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 276475
Pmt yearly payment ?
R interest rate 0.0565
N time 30 years
Now solve for pmt
The formula change to be
Pmt=pv÷ [(1-(1+r)^(-n))÷r]
Plug in the equation above
Pmt=276,475÷((1−(1+0.0565)^(−30))÷(0.0565))=19,339.22
Now find the cost of the principle and interest after 30 years by multiplying the yearly payment by the time
19,339.22×30=580,176.60...answer
Hope it helps:-)
