Answer:$728
Step-by-step explanation:
$156,000 less 20% is $124,800.
That is the amount that is being financed. If the rate is7% per year the first months interest is:
124,800*.07/12 = $728
You didn't ask but if the mortgage is like most conventional mortgages the 30 * 12 = 360 payments are all approximately equal, with less money expended on paying down the principal at first. Their equal payment would be: $830.30
The perimeter of a rectangle is 2L + 2W, where L and W are the length and width, respectively. The dimensions of the garden are given, 6 x 12 ft.
The amount of fencing needed is 2(6) + 2(12) = 12 + 24 = 36 ft of fencing
This is how I'd solve it:
bench = x x+3x=600
table = 3x 4x=600
x=150
The bench costs <u>$150</u> and the table costs <u>$450</u>; combined, they cost $600, so it's correct. I hope this helps you!
