Answer:
So, $83.40 should be paid monthly
Step-by-step explanation:
5000 divided by 5 = 1000
1000 should be paid yearly
1000 divided by 12 = 83.40
12 represents the number of months in a year.
This can be solved using a ratio. The ratio is: 13/20=x/60 this would then become 20x= 780 divide both sides by 20 and you get x=39. the answer is 39
Answer:
Term payback = 15 yr = $331527.6 20 yr = $394389.65 rounded up by 0.002. Shows 15 yr is $62862.05 less as result of return 5 yrs earlier.
Step-by-step explanation:
20 yr = $1643.29 at 105% = 82.1645 paid x 12 x 20 = 19719.48 interest + 1561.1257 to loan x 12 x 20 = 374670.168 total with Int at 5%= 394389.648
15 yr=$1841.82.= $1841.82 - 73.6728= 1768.1472 to loan p/m = 20 yr 318266.496 + interest of 73.6728 = 13261.104 total with interest at 4%=331527.6
First to get the equation you knew to understand one thing about perpendicular lines. The slope of the line is the opposite reciprocal of the perpendicular lines or the new slope is m = 10.
Then you use the formula
y = mx + b
you plug in your values from the point and the new slope.
(1,5) with new slope m
5= 10(1)+b
5-10=b
-5 = b
then make your new equation
y = 10x -5
that's your line that goes through point (1,5) and is perpendicular to the line given
