Harry took out a 25-year loan for $160,000 at 9.6% interest, compounded monthly. If his monthly payment on the loan is $1409.05,
2 answers:
Answer:
The first payment went toward reduction is $129.05.
Step-by-step explanation:
Consider the provided information.
Harry took out a 25-year loan for $160,000 at 9.6% interest, compounded monthly. His monthly payment on the loan is $1409.05,
Now, find the interest of 1 month on a loan of $160,000 at 9.6% interest.
Thus, the Interest of 1 month is $1280.
Monthly payment is $1409.05
First payment or reducing principal is given by:
F = monthly payment - interest of 1 month
F = $1409.05 - $1280
F = $129.05
Therefore, The first payment went toward reduction is $129.05.
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Given:
The point (9,-12) is on terminal side of angle theta in standard position.
To find:
The exact value of each of the six trigonometric functions of theta.
Solution:
The given point is (9,-12). Here, x-coordinate is positive and y-coordinate is negative. So, the point lies in 4th quadrant and only cos and sec are positive in 4th quadrant.
We know that,
Now,
Therefore, the values of six trigonometric functions of theta are .