The answer is 8.2 bc anything above a 5 goes up.
8.16 <<< a 6 is greater than 5. So the 1 goes up to a 2.
Answer
7.59 x 10⁻⁷
Step-by-step explanation:
Answer:
4) choice a 30%
5) choice b 62.5%
Step-by-step explanation:
4) 3/10 = 0.30 or 30%
5) 5/8 = 0.625 or 62.5%
Listed price = $1.4 million
Down payment = 20% of $1.4 million = 0.2 x 1,400,000 = 280,000
Amount left to pay = $1.4 million - 280,000 = $1,120,000
Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / r
where: PV = $1,120,000
r = 5% = 0.05
t = 12
n = 30 years.
1,120,000 = P(1 - (1 + 0.05/12)^-(12 x 30)) / 0.05
1,120,000 x 0.05 = P(1 - (1 + 1/240)^-360)
56,000 = P(1 - 0.2238)
P = 56,000 / 0.7761 = 72,148.83
Therefore, the monthly payment is $72,148.83
Divided 1029.6 with 2,3,5,7, any number
