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:
4. U = 54
5. C=80
Step-by-step explanation:
Basically you move the denominator to the other side and multiply. please take note of the signs(positve, negative)
Answer:
Step-by-step explanation:
Answer:(2,3)
Step-by-step explanation:
y2-y1/x2-x1
Answer:
she got 27 dollars
Step-by-step explanation:
when u add $4 and $14 u get $18.then add the 9 dollars she had left and u will get 27 dollars.
Hope this is a clear description
