What’s 0.92 in a percent
1 answer:
You might be interested in
Answer:
0
Step-by-step explanation:
Plug in -5 for x.
You get
the 5s cancel and you are left with
which is equal to 0.
30 years = 360 months
3.7% monthly = 3.7/1,200 = <span> <span> <span> 0.0030833333 </span> </span> </span> monthly rate
Monthly Payment = <span> <span> 0.0030833333 </span> + [</span><span> <span> 0.0030833333 / </span></span><span><span> (<span>(1.0030833333) ^ 360</span></span>) -1)] * 160,000
</span><span>Monthly Payment = <span> 0.0030833333 + [</span><span> 0.0030833333 / </span></span> <span>2.0291809197 ] * 160,000
</span><span>Monthly Payment = (0.0030833333 + 0.0015194965) * 160,000
</span>Monthly Payment = <span> <span> <span> 0.0046028298 </span> </span> </span> <span>* 160,000
</span>Monthly Payment = <span> <span> <span> $736.45</span></span></span>
Source:
http://www.1728.org/loanform.htm
Loan Payment Formula
3.7% monthly = 3.7/1,200 = <span> <span> <span> 0.0030833333 </span> </span> </span> monthly rate
Monthly Payment = <span> <span> 0.0030833333 </span> + [</span><span> <span> 0.0030833333 / </span></span><span><span> (<span>(1.0030833333) ^ 360</span></span>) -1)] * 160,000
</span><span>Monthly Payment = <span> 0.0030833333 + [</span><span> 0.0030833333 / </span></span> <span>2.0291809197 ] * 160,000
</span><span>Monthly Payment = (0.0030833333 + 0.0015194965) * 160,000
</span>Monthly Payment = <span> <span> <span> 0.0046028298 </span> </span> </span> <span>* 160,000
</span>Monthly Payment = <span> <span> <span> $736.45</span></span></span>
Source:
http://www.1728.org/loanform.htm
Loan Payment Formula