Answer:
$563.24
Step-by-step explanation:
The monthly payment on a mortgage loan is found using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where A is the monthly payment on a loan of P at interest rate r for t years.
Filling in the given values, we find the payment to be ...
A = $70,000×(0.09/12)/(1 -(1 +0.09/12)^(-12·30)) ≈ $563.236
The monthly payment is about $563.24.
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<em>Additional comment</em>
Many graphing calculators and all spreadsheets have functions that will do this calculation for you.
Answer: B (slope and y-intercept)
Step-by-step explanation:
They charge $0.10 per meter, so that would be represented as y=0.10x. There is an additional fee of $25 which is the +25. The full equation is y=0.10x+25.
0.10x is the slope, and 25 is the y-intercept. Hope this helps!
The inequality would be x>2
Answer:
x >-33/2
Step-by-step explanation:
-4x < 66
Divide each side by -4, remembering to flip the inequality
-4x/-4 > 66/-4
x >-33/2
