1.2 x 10^4 = 12,000
4.5 x 10^-3 = 4.5 x 1/(10^3) = 4.5/1000 = 0.0045
3.8 x 10^3 = 3,000
7.5 x 10^3 = 7,000
largest is 1.2 x 10^4
The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
Answer:
52
Step-by-step explanation:
2((8)+(12)+(6))
2(8+12+6)
2(26)
52
Answer:
47.13 (rounded) or 47.1 (if pi is rounded)
Step-by-step explanation: diameter time pi or 3.14 = Circumference
Answer:
44
Step-by-step explanation:
because you just 22 x 22 and you get 44
