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:
11x + 6y + 37
Step-by-step explanation:
Answer:
see below
Step-by-step explanation:
Part A: (72)^x = 1
Take the log base 72 of each side
log72(72^x) = log 72(1)
We know log a^b = b log a
x log72(72) = log72(1)
x = log72(1)
x = 0
Part A: (70)^x = 1
Take the log base 70 of each side
log70(70^x) = log70(1)
We know log a^b = b log a
x log70(70) = log70(1)
x = log70(1)
x = 0
Answer:
720 miles
Step-by-step explanation:
We are given a distance and a fraction of the total that it represents. This lets us write the relation ...
252 = 0.35D . . . . . . where D is the total distance traveled
252/0.35 = D = 720 . . . . divide by the coefficient of D
The Hernandez family traveled 720 miles during their vacation.
To solve for this, we need to multiply 55 balloons by 30 days to get the average total, and then the remainder.
(55 x 30) + 245 = 1895 total balloons to begin with.
