Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Answer:
Step-by-step explanation:
-8-10,-12-14
-8 plus -12 is -20
-20 times 5 is -100
-14 times 8 is -112
-100 is 12 more than -112
Answer:
d-2 < -1
Step-by-step explanation:
Answer:
1. 0.21 like that has happened
Answer:
The answer is A hope it helps!
