The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
Answer:
(1/2), (2/4), (3/6), (4/8), (5/10) etc...
Step-by-step explanation:
0.50 is a decimal that represent a half of one...
This is already in decimal form... Do you mean fraction? If so...
(1/2), (2/4), (3/6), (4/8), (5/10) etc...
Answer:
( -1 , 26)
Step-by-step explanation:
So since you need to find the other endpoint, you would follow these steps:
1.) 
2.) 8 = 9 + x ( you just multiplied the 2 to the 4 to get 8)
3.) -1 = x (just solve it like a regular equation, so just subtract 9 on both sides to get rid of it and that leaves you with -1 = x)
You took the x values of both points and put them in the equation.
And its the same for y
1.) 
2.) 16 = -10 + y
3.) 26 = y (you added the 10 on both sides because the 10 was negative and that took the 10 out and so it left you with 26 = y)
6t^-7 * 3t^5 = 1/6t^7 * 3t^5
