Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
The ski resort is open 13/52 weeks out of the year
Answer:
2
Step-by-step explanation:
7+2n = 11
2n = 11-7
2n = 4
n = 4/2
therefore n = 2
Answer:
STOP
Step-by-step explanation:
People actually want to answer questions.
Answer:
1/2
Step-by-step explanation:
Write all numerators above the leas common denominator 10
Calculate the sum -2+7=5
5/10
reduce the fraction by dividing both sides by 5
