The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
the answer is $40.5
Step-by-step explanation:
the basic formula of finding our interest is I = PxRxT
P (principal) = 675
R (rate) = 10% (we have to turn it into a decimal which is 0.010)
T (time) = 6 years
so :
I = 675 x 0.010 x 6
I = 40.5
Answer:
The quadratic function whose graph contains these points is 
Step-by-step explanation:
We know that a quadratic function is a function of the form 
. The first step is use the 3 points given to write 3 equations to find the values of the constants <em>a</em>,<em>b</em>, and <em>c</em>.
Substitute the points (0,-2), (-5,-17), and (3,-17) into the general form of a quadratic function.
We can solve these system of equations by substitution
- Substitute
- Isolate a for the first equation
- Substitute
into the second equation
The solutions to the system of equations are:
b=-2,a=-1,c=-2
So the quadratic function whose graph contains these points is
As you can corroborate with the graph of this function.
Answer:
1.25,but your teacher is prolly looking for a fraction so 1 1/4
Step-by-step explanation:
DO NOT PUT 20 THAT PERSON S WRONG
