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:
0.0000454
Step-by-step explanation:
The zeros are not significant since they come before the numbers greater than 0. And I rounded 3 to 4 since the 8 was above 5 so it gets rounded up
Nick would have to pay $63.56, considering the markup is 12 percent.
Answer:
(f • g) (x) =
- 3
- 16x - 12
Step-by-step explanation:
(x-6)(
+ 3x + 2)
+ 3
+ 2x - 6
- 18x -12
- 3
- 16x - 12