<span>Only –3 is an extraneous solution.
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<span>You are given the price of the house worth $190,300 and about 30% down payment of the price is paid with a 15 – year loan at 5.75% interest. You will use annuity due in this problem. His monthly mortgage payment is $5,468.1</span>
Answer:
160
80
40
20
Step-by-step explanation:
You start with the first term that is given which would be
b(1)=<u><em>160</em></u>
That would be our first term, then we multiply by 0.5 which would be 1/2
which gives us 80 as it is a division
You take the next term that we have found (80) and then we do the same thing, multiply by 0.5 (1/2)
Take 5/6 x 4/1 and multiply 5x4 and 6x1 to get 20/6. 6 goes into 20 3 times, with 2/6 leftover. Reduce 2/6 to 1/3 and your final answer is 3 1/3.
