Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Answer:
75%
Step-by-step explanation:
Happy Friday!
Answer:
3 ways
Step-by-step explanation:
Since 6 will remain constant throughout the testing, we just need to find all prime numbers 1-6.
1 - is not prime nor composite
2 - is prime
3 - is prime
4 - 2x2=4, so composite
5 - is prime
6 - 2x3=6, so composite
Therefore, 2, 3, and 5 are prime numbers, and there are 3 of them.
Answer:
a) £338.64 b) 21.73kg c) 334.65m
Step-by-step explanation:
on calculator type:
408x83%
53x41%
345x97%
Answer:
x = 88
Step-by-step explanation:
The sum of the angles in a triangle add to 180
47+45 +x = 180
Combine like terms
92+x = 180
Subtract 92 from each side
92+x-92= 180-92
x =88