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:
(x + 7)(x - 4) = x2 - 4x + 7x - 28 = x2 + 3x - 28
128 : 3 :: w : 8 proportion
3w = (8)(128) product means/extremes
w = 341 ⅓ cars
He will have 32.00 left from paying back rita.
Answer:
Time required by Machine B to create a widget = 4 hours
Step-by-step explanation:
Time taken by Machine A ( 
) = 3 hours
Time taken by Machine B ( 
)= x hours
Time taken by both machines by working together = 12 hours
The time required to both machines by working together to finish a task is given by the formula = 
Put the values in above formula we get
⇒ T = 
⇒ 12 =
⇒ 36 + 12 x = 3 x
⇒ x = - 4 hours
This is the time required by Machine B to create a widget.
