The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
g= 4 and g =5
Step-by-step explanation:
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<h3>Answer : y = ⅚x - 3</h3>
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<h3>Known</h3>
x1 = 6
y1 = 2
x2 = (-6)
y2 = (-8)
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<h3>Question</h3>
Equation of the line (y = mx + c)
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<h3>Way to do</h3>
#First, you find the gradient (m)
#Now use the formula of equation of the line
y - y1 = m(x - x1)
y - 2 = ⅚(x - 6)
y - 2 = ⅚x - 5
y = ⅚x - 5+2
y = ⅚x - 3
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Answer:
- 22°F
Step-by-step explanation:
Given that :
Morning temperature = 15°F
Change in temperature = fall by 37 degree
The temperature of the end of the day:
Morning temperature + (change in temperature)
Fall by 37° = decrease in temperature by 37° = - 37°
15°F + (-37°F)
15°F - 37°F
= - 22°F
