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
Answer:
given us,
(x1y1) = (4,6)
(x2y2)= (1,10)
here
slope= (y2-y1)/ (x2-x1)
= (10-6)/ (1-4)
= 4/ (-3)
Step-by-step explanation:
4/ (-3)
It’s either b or d. Hope this helps! :)
6y- 12x =24
6y= 24+12x
y=4+2x
