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.
Hello it should be 220ft not 220f!
Slope or gradient is vertical rise divided by horizontal rise
80ft/220ft = 4/11
Answer:
The second one down
Step-by-step explanation:
The 26 ft ladder is the hypotenuse of the right triangle
24 feet is the vertical leg
Answer:x=-9
Step-by-step explanation:
Answer:
30 each of 23% bars and 18 each of 79% bars
Step-by-step explanation:
If x is the number of 1 kg 23% copper bars, and y is the number of 1 kg 79% copper bars, then:
x + y = 48
0.23x + 0.79y = 0.44(48)
Substituting and solving:
0.23x + 0.79(48-x) = 0.44(48)
0.23x + 37.92 - 0.79x = 21.12
16.8 = 0.56x
x = 30
y = 48 - x
y = 18
You need 30 each of 23% bars and 18 each of 79% bars.
