9514 1404 393
Answer:
- to interest: $532.97
- to principal: $54.23
- new balance: $79,891.90
Step-by-step explanation:
The interest is found by multiplying the monthly rate by the balance on the loan. For the first month, the balance is the loan amount.
$79,946.13 × 0.08 ×(1/12) . . . . . one month = 1/12 year
= $532.97
The interest amount in the first payment is $532.97.
__
The amount of the first payment that goes to principal is what is left after the interest is paid:
$587.20 -532.97 = $54.23 . . . amount to principal
__
The new balance is the previous balance less the amount to principal:
$79,946.13 -54.23 = $79,891.90 . . . new balance
13 divided by 11.3 is 1.150442477876106. So 15 by 1.150442477876106 and you get 13.03846162772485. Just round it to the nearest tenth and you get 13.0.
Pretty sure it’s..jk do your class
Answer:
y =5
Step-by-step explanation:
m=
−9−7
5−5
=
−16
0
=0
y=mx+b
5=(0)(7)+b
b=5
therefore y = 5
