Answer:
$21,623.70
Step-by-step explanation:
A suitable financial calculator can compute the beginning balance and the remaining balance for you. The attachments show a TI-Nspire calculator's TVM solver app being used to answer this question.
The first attachment shows the computation of the loan value. It is about $37,624.54.
The second attachment shows the computation of the remaining balance after 16 of the 32 semi-annual payments have been made.
The loan balance 8 years from the end of the loan will be about $21,623.70.
Answer:
Step-by-step explanation:
butt
On the X-Y plane, the points p and r are on the vertical line X=x. Then the perpendicular (horizontal) line through p will have the equation Y=y. Points q on that line will have coordinates
... q(<anything>, y)
6/10
300/500
30/50
60/100
12/20