a) For principal amount P, interest rate r, and number of years t, the amortization formula for the monthly payment A is ...
... A = P(r/12)/(1 -(1 +r/12)^(-12t))
... A = 22500·(0.06/12)/(1 -(1 +0.06/12)^(-12·20)) ≈ 161.20
The monthly payment is $161.20.
b) After 240 payments, the amount repaid is
... $161.20·240 = $38,688
c) (22500/38688)·100% = 58.2% is paid toward principal
The remaining amount, 41.8% is paid toward interest.
Answer:
4x-8=x+10
combine like terms
5x+2 is your answer
Step-by-step explanation:
A linear equation in slope-intercept form from two points is given by (y - y1)/(x - x1) = (y2 - y1)/(x2 - x1).
Here, y1 = 2200, x1 = 12, y2 = 3000 and x2 = 10, then
(y - 2200)/(x - 12) = (3000 - 2200)/(10 - 12)
(y - 2200)/(x - 12) = 800/-2 = -400
y - 2200 = -400(x - 12)
y = -400x + 4800 + 2200
y=-400x+7000
Answer:
Yes
Step-by-step explanation:
2x/2=x
2/2=0
2(x-2)
2x-2
2x/2=x
2/2=0
which makes them equivalent
Answer:
The 2 numbers are 158 & 199
Step-by-step explanation:
Let 1st no. = x
2nd no. = y
x + y = 357 -----(1)
x - y = 41 ------(2)
(1)-(2)
2y = 316
y = 158
suby=158into(1)
x + 158 = 357
x = 199