Answer:
Total cost = Cost per month × 12 months per year × Number of years
= $21 × 12 × 8
= $2,016
Step-by-step explanation:
25 is the anwser you're looking for
Given that
starting outstanding balance = $150000
rate of interest = 7.5% per year
so rate of interest for 1 month = (7.5/12)% = 0.635%
outstanding balance before 1st monthly payment = starting outstanding balance + 0.625% of interest on starting outstanding balance
= 150000 + (0.625 /100) × 150000
= 150000 + 937.5 = $150937.5
Reduction = outstanding balance after one month - first monthly payment
Reduction = $150937.5 - 1010.10 = 149927.40
so out of first payment of $1,010.10 , $937.5 goes towards interest and remaining $72.6 goes towards reduction of principal that is 150000 - $72.6 = 149927.40.
so correct option is B that is $149927.40.
Answer:
The equation is
and the graph looks like this
Answer:
if the round trip to work is 10 miles (i cant tell how many because it says 4310 4 3 10 miles lol) then you would travel 30 miles in 3 days
