The first monthly payment will be applied to interest due before any is applied to principal. The interest due is one month's interest at the 5.5% annual rate, or
... (0.055/12)·$110,000 = $504.17
The new principal balance after the first month will be
... $110,000 + 504.17 - 568.00 = $109,936.17
Rounded to the nearest dollar, the 4th selection is appropriate:
... $109,936
9514 1404 393
Answer:
y = -4x +9
Step-by-step explanation:
The same slope-intercept equation can be used, but with a different y-intercept. That new y-intercept can be found from the given point (x, y) using the formula ...
b = y -mx
b = 5 -(-4)(1) = 9
So, the equation with the new y-intercept is ...
y = -4x +9
The place value relationship is that the number on the left is ten times greater than the number on the right.
Answer:
0.71875
Step-by-step explanation:
