I thought this website gave the correct answers.

Mathematics

2 answers:

spin [16.1K]2 years ago

8 0

Sometimes they don’t :,) like me but only sometimes

Ulleksa [173]2 years ago

5 0

Answer:

what do you mean their is people who is helping as much as they can

Step-by-step explanation:

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Enos took out a 25-year loan for $135,000 at an APR of 6.0%, compounded monthly, and he is making monthly payments of $869.81. W

Alborosie

Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81

Future value of loan after 16 years
$F=P(1+i)^n$ [compound interest formula]
$=135000(1+.005)^{16*12}$
$=351736.652$

Future value of payments after 16 years
$\frac{A((1+i)^n-1)}{i}$
$=\frac{869.81((1+0.005)^{16*12}-1)}{0.005}$
$=279287.456$

Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20

Note: the exact monthly payment for a 25-year mortgage is
$A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}$
$=\frac{135000(0.005*(1+0.005)^{25*12}}{(1+0.005)^{25*12}-1}$
$=869.806892$

Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.

So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.

The closest choice is therefore <span>$72,449.19</span>

6 0

2 years ago

Read 2 more answers

Write the number that is 1 more than 8,325

borishaifa [10]

The answer is to this question is 8,326

3 0

3 years ago

Read 2 more answers

Can someone please have a look and help ? <3 <br> (graph it please) 20pts!

abruzzese [7]

The transformation negates the y-coordinate, so reflects a point across they x-axis.