Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
Answer:
False.
Step-by-step explanation:
it is an angle formed by 2 adjacent sides inside the polygon.
Answer:
8/27
Step-by-step explanation:
Answer:
100 packets
Step-by-step explanation:
Given :
Cost = fixed cost + variable cost
Fixed cost = $500
Variable cost = $10
Sales price = $15
Let :
Number of packets = x
To break even :
fixed cost + variable cost = sales made
500 + 10x = 15x
500 = 15x - 10x
500 = 5x
x = 500 / 5
x = 100
100 packets
Answer:
-6
Step-by-step explanation:
<u>Step 1: Convert words into an expression</u>
What is the difference between 8 and 14
8 - 14
-6
Answer: -6