9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
521418
Step-by-step explanation:
Answer:
$ 4466.83
Step-by-step explanation:
It says "Federal tax withhold" with the amount.
Answer:
You put 8i^2 instead of 12i^2. You multiply -6i by -2i which equal -12i^2
Step-by-step explanation:
-7 + 6i - 14i+ 12i^2
-7 - 8i - 12
-19 - 8i