Answer:
y = - 
x - 1
Step-by-step explanation:
Assuming you require the equation of the line
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Here m = - , then
y = - x + c ← is the partial equation
To find c substitute (12, - 4) into the partial equation
- 4 = - 3 + c ⇒ c = - 4 + 3 = - 1
y = - x - 1 ← equation of line
Answer:
............the answer is 97
Answer:
Oh my gosh!
Step-by-step explanation:
Good job, nice!
9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
_____
<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
