Help on number problem 5
1 answer:
See below for a plot of the equation.
The y intercept is the y location where x=0 and can be found by solving 6y=180, which is y=30.
Likewise, the x intercept follows from y=0, so 4x=180 => x=45.
The interpretation of the intercepts is: what is the plan if you go for all small tables (ie., y=0) or all big tables (x=0). The answer is: you can rent either 30 small tables or 45 big ones.
All the other points on the line represent some mix of small and big tables (of course, x and y must be integer because you can't rent half tables).
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Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
