Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
Answer:
See below
Step-by-step explanation:
r/6 <-6 multiply both sides by 6 to get
<u>r < - 36 </u>
<u />
<u> or</u> 4r+2 > 18 subtract 2 from both sides of the equation
4r > 16 divide both sides by 4
<u> r > 4 </u>
Soil is the thin layer of material covering the earth's surface and is formed from the weathering of rocks. It is made up mainly of mineral particles, organic materials, air, water and living organisms—all of which interact slowly yet constantly. ... Therefore, most living things on land depend on soil for their existence.