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schepotkina [342]
3 years ago
14

A newspaper published this incorrect information in a report:

Mathematics
2 answers:
SashulF [63]3 years ago
7 0
It's a 15% increase.

690000-600000=90000

\frac{90000}{600000}=0.15
jek_recluse [69]3 years ago
5 0
It is a 15% increase
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Answer:

x= -8

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kodGreya [7K]

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3 years ago
You wish to buy a house for ​$295987. The bank offers you a mortgage loan of 3.7​% for 25 years. How much will your monthly paym
Allisa [31]

Answer:

Monthly payments: $2446.92

Total expenditure: $734,076.88

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As the compounding frequency is not stated, it is supposed to be annualy.

<em>The total accumulated value T, including the loan L and the interest is given by the formula </em>

T=L(1+\frac{r}{n})^{nt}

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r = nominal interest per year. In this case, 0.037

n = compounding frequency, in this case 1 year

t = the length of time the interest is applied. In this case, 25                      years.

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\frac{734076.88}{300}=\$2446.92

After the life of the loan, if there are no additional commissions  or expenditures, you would have spent the amount of the loan plus interest, that is to say, the amount T previously computed  

$734076.88

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3 years ago
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8 0
2 years ago
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