Answer:
$563.24
Step-by-step explanation:
The monthly payment on a mortgage loan is found using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where A is the monthly payment on a loan of P at interest rate r for t years.
Filling in the given values, we find the payment to be ...
A = $70,000×(0.09/12)/(1 -(1 +0.09/12)^(-12·30)) ≈ $563.236
The monthly payment is about $563.24.
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<em>Additional comment</em>
Many graphing calculators and all spreadsheets have functions that will do this calculation for you.
The growth rate is the a value, or the number before the x value. The answer would be 15.
Answer:
ans: ln (5/8) , ln5 - ln8
Step-by-step explanation:
8e^x -5 = 0
e^x = 5/8
x = ln (5/8)
x = ln5 - ln8
Zero is actually a whole number, rational number, and integer, but it is not a natural number
Answer:
6, 9
Step-by-step explanation:
y1-y2 over x1-x2
slope formula ^^
