Answer:
about 5.5
Step-by-step explanation:
so 5cm. Just trust me i dont know how to explain but i know its right.
Answer:
r = -0.0056 --> 5.6%
Step-by-step explanation:
Answer:
301 is correct answer. Please Mark it as brainlist answer.
Add the numbers they equal 30 then u divide 30 by 2 since it’s an odd number and you get 15. so 15 is your answer
The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $
295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(180
15)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (15
12)
The monthly payment on the mortgage = 2576.9 (approximately option C)