It should be 95,040. On the first day, you have 12 choices. On the second, eleven, and so on, until day 5. 12x11x10x9x8.
Answer:
he spends $22 and has $13left
Step-by-step explanation:
the answer is 0.2 or one fifths
Answer:
Step-by-step explanation:
Three times a number x : 3x
Three times a number x increase by 4: 3x +4
Five times the number x: 5x
5x = 3x +4
Subtract 3x from both the sides.
5x - 3x = 3x +4 - 3x
2x = 4
Divide both sides by 2
2x/2 = 4/2
x=2
The number is 2
Answer:
$1166.08 is the monthly payment for the mortgage per month.
Step-by-step explanation:
The meaning of this stated formula on the statement is the present annuity formula because we will have future monthly payments on the mortgage of the house in which they pay off the present value of the house which is $240000 x 80% = $ 192000 as this amount will excludes the down payment of 20% that is made.
We are given Pv the present value which excludes the down payment $192000.
We have the interest rate i which is 1.2%/12 as it is compounded monthly.
n is the number of payments made over a period which is 12 x 15 years= 180 payments as it is compounded monthly.
no we substitute the above mentioned information to the present value annuity formula stated to calculate R the monthly payment:
Pv = R[(1-(1+i)^-n)/i]
$192000 = R[(1-(1+(1.2%/12))^-180)/ (1.2%/12)] divide both sides by the coefficient of R
$192000/[(1-(1+(1.2%/12))^-180)/(1.2%/12)] = R
$1166.08 =R which this is the amount that will be paid for the mortgage every month for 15 years.
