Part A: monthly payment
Initial loan after downpayment,
P = 320000-20000= 300,000
Interest rate per month,
i = 0.06/12= 0.005
Number of periods,
n = 30*12= 360
Monthly payment,
A = P*(i*(1+i)^n)/((1+i)^n-1)
= 300000(0.005(1.005)^360)/(1.005^360-1)
= 1798.65
Part B: Equities
Equity after y years
E(y) = what they have paid after deduction of interest
= Future value of monthly payments - cumulated interest of net loan
= A((1+i)^y-1)/i - P((1+i)^y-1)
= 1798.65(1.005^y-1)/.005 - 300000(1.005^y-1)
= (1798.65/.005-300000)(1.005^y-1)
Equity E
for y = 5 years = 60 months
E(60) = (1798.65/.005-300000)(1.005^60-1) = 18846.17
for y = 10 years = 120 months
E(120) = (1798.65/.005-300000)(1.005^120-1) = 45036.91
y = 20 years = 240 months
E(240) = (1798.65/.005-300000)(1.005^240-1) = 132016.53
Check: equity after 30 years
y = 30 years = 360 months
E(360) = (1798.65/.005-300000)(1.005^360-1) = 300000.00 .... correct.
Answer:
21.8
Step-by-step explanation:
hii so basically first we find the area of the 9 by 8 and subtract the area of the semicircles.
area of circles are πr^2, so in this situation
π4^2 which is 16π.
with this, the semicircle which is half a circle would give us
16π/2 which is 8π.
but then, we have two semicircles removed so we would have as an answer:
(9*8)-8π+8π
72-16π
then you would have to round so
16π is around 50.2
so 72-50.2 is 21.8
i hope this helped you <33
Answer:
EC = 15
Step-by-step explanation:
It appears that D, E, and F are the midpoints of their respective line segments (chords of the circumcircle). Hence EB = EC = 15.
Answer:
hi
Step-by-step explanation:
Answer:
Step-by-step explanation:
240/360 can be simplified to 2/3. r^2 can be substituted for 9, and 2/3*9 is 6.
