9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
<em>y=7x+1</em>
Step-by-step explanation:
<u>Linear modeling</u>
Consists of finding a linear equation that represents a situation in real life.
Jenny starts her stamps collection with only 1 stamp.
Then she collects 7 stamps per day.
Let's call
y=total amount of stamps in Jenny's collection
x=number of days
Knowing Jenny collects 7 stamps per day, then in x days, she collects 7x stamps. The total amount can be obtained by adding the first stamp she had. Thus, the model is:
y=7x+1
This probability is the same as 1-(two different suited cards). Your first card can be any of the 52 cards. Your second card must be any of the 39 different suited remaining 51 cards. So the answer is 1 - (52/52)(39-51). Note: I assumed there was no replacement.
Answer:
32 ; 20
Step-by-step explanation:
Middle section: 26
Sum of parallel lengths: 2 × 26 = 52
Ratio of the sides:
100% : 62.5%
8 : 5
5/(8+5) × 52
20
8/(8+5) × 52
32
Answer:
by calculating per capita income
