Solving for the missing variable
Answer:
$72,100
Step-by-step explanation:
To calculate the total principal+interest payment, you can use the formula to find the future value:
FV=PV(1+i)^n
FV= Future value
PV= Present value= $58,200
i= Interest rate= 7.40%
n= Number of periods of time= 3 years
Now, you can replace the values on the formula:
FV=58,200*(1+0.0740)^3
FV=58,200*(1.0740)^3
FV=72,100
According to this, the answer is that the total principal + interest payment will be $72,100.
Answer:
1. B
2. Seven Hundred thousand nine hundred and four
Step-by-step explanation:
Answer:
The equation of this line would be 4x + y = 13
Step-by-step explanation:
In order to find this equation we must first find the slope of the original line. To do this, we solve the original equation for y.
4x + y - 2 = 0
4x + y = 2
y = -4x + 2
The original slope (the coefficient of x) is -4, which means the new slope will also be -4 because parallel lines have the same slope. Now, we can use this slope along with the point in point-slope form to find the equation of the line. Just plug in the numbers and solve for the coefficient.
y - y1 = m(x - x1)
y + 3 = -4(x - 4)
y + 3 = -4x + 16
4x + y + 3 = 16
4x + y = 13