The value of 3 would be 3,000.
Why thousands? Well because u have to count from the right, then back, so ones, tens, hundreds, then thousands lands on 3 so hope this helps.
Answer:
yes
there would be 7525 runners
Step-by-step explanation:
The formula for calculating future value:
FV = P (1 + r) n
FV = Future value
P = Present value
R = interest rate
N = number of years
6500 x (1.05)^3 = 7525 runners
5(z-4)-z=4z-20
5z-20-z=4z-20
4z=4z
z=z
The answer is C
In this case we have an ARM fixed for 6 years and adjust after the initial first 6 years every 2 years after. The basic idea behind a ARM is that the interest changes periodically, but since our ARM is fixed for 6 years, our going to calculate the monthly payment during the initial period using the formula:

where

is the monthly payment

is the amount

is the interest rate in decimal form

is the number years
First we need to convert our interest rate of 4% to decimal form by dividing it by 100%:

We also know from our question that

and

, so lets replace those values into our formula to find the monthly payment:


We can conclude that the monthly payment during the initial period is $1071.58<span />