Answer:
Step-by-step explanation:
Remember that the range is the set of all y-values. Thus, since the minimum of the function is y=-1, then our range is . In interval notation, we use brackets to show what's included and parentheses to show what's not included.
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Total deposit = 645.30 + 645.30 = $1290.60
Total withdrawals= 158.25 +168.36+157.42+148.46 = $632.49
Balance = 398.26 + 1290.60 - 632.49 = $1056.37
Hello from MrBillDoesMath!
Answer:
Interest paid = $ 1,713,568.73
Monthly p[payment = $4913.25
Discussion:
From the "compound interest formula:
A = final amount
P = Initial amount (Principal)
r = yearly interest rate
n = number of years of accumulation.
In our case,
A = 350000( 1 + .052)^35 =
350000 (5.90) = (approx)
$2,063,568.73
Interest = $2,063,568.73 - 350000 = $ 1,713,568.73
There are 35 *12 = 420 months in 35 years. So the monthly payment would be ($2,063,568.73 / 420) = $4913.25
Thank you,
MrB
