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Hope this helps! :)
Answer:
Principal element is $475.43
Interest payment is $390
Step-by-step explanation:
The amount of interest paid in month one is 4%*$117,000*1/12=$390
The interest is calculated based on the annual interest rate of 4% apportioned to reflect one month interest by multiplying by 1/12
The principal element of monthly payment is the monthly payment minus interest.
principal paid in month one=$865.43-$390=$475.43
Ultimately,$475.43 goes toward reducing her loan balance while the $390 is interest on loan
Answer:
p = -1 q = -4
Step-by-step explanation:
a system of eq and solve for p and q ??? can do :)
Eq. 1) 8p + 2q = - 16
Eq. 2) 2p - q = 2
use Eq .2 and solve for q
2p - 2 = q
plug into Eq.1 with q
8p +2(2p - 2) = - 16
8p +4p -4 = -16
12p = - 12
p = -1
plug -1 into Eq. 1 for p and solve for q
8(-1) + 2q = - 16
-8 + 2q = - 16
2q = -8
q = -4
Y - 10 =(-1/3) ( X - 10 )
Y = ( -1/3) X + ( 40/3)
Step-by-step explanation:
Step 1:
The basic form of Slope Intercept equation is
Step 2:
Points are (10,10) and m=-1/3
Y-10 = (-1/3)(X-10)
Y = ( (-X + 10 )/3) + 10
Y =( - X / 3 ) +( 40 / 3)
