Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Linear: y = 4/-7 x + 4
Standard: (4/7)x + y = 4
Answer:
Step-by-step explanation:
<u>The scale factor is:</u>
Applied to the area we consider k² as the area is the product of two dimensions.
<u>Find the actual area:</u>
- 0.25 m² : (1/400)² =
- 0.25 m² * 160000 =
- 40000 m² =
- 40000 * 1/10000 hectares =
- 4 hectares
Answer:
its D
Step-by-step explanation:
h(-7)= 5.7-19(-7)
h(-7)=5.7+133
h(-7)= 138.7