Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Answer:
y= -2x+4
Step-by-step explanation:
To find the slope find 2 points and use "rise/run", that will get -2
To find the y-intercept look at where the line crosses the y-axis. that will be 4
so -2x+4
Step-by-step explanation:
first identify the common difference
The first term which i will define by u⁰=-27
u¹=u⁰+(1)d where d is the common difference and u¹ is the second term
u¹=-27+d
-11=-27+d
d=27-11=16
The 72nd term would be u⁷¹ since we started from u⁰ as our first term:
Use the explicit relation given by:
u(n)=u⁰+(n)d
u(71)=-27+71(d)
u⁷¹=-27+71(16)
u⁷¹=-27+1136
u⁷¹=1109
Answer:
32
Step-by-step explanation:
3+30-1
33-1
32
Answer:
1
Step-by-step explanation:
