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
Straight line
Explaintion .
Answer:
x = 7
Step-by-step explanation:
8x = 56
To solve this, we must simplify. To do this, we must divide each side by 8. This, in term, will give us the value of x.
8x = 56
---- ----
8 8
56/8 = 7
x = 7
Our answer is x = 7
16 Ounces, I hope this helps, Mark me brainliest
