I’m having some trouble with this problem if anyone could help out

Mathematics

2 answers:

Crazy boy [7]3 years ago

5 0

I'm srry, I would help but I forgot how to do that

Murrr4er [49]3 years ago

3 0

Answer: The value is 3

Step-by-step explanation:

6/2=3

18/6=3

54/18=3

162/54=3

Multiply each number by 3

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Plz help me with this problem

mixer [17]

I don’t know what is your problem is

7 0

3 years ago

Jamie purchased a condo in Naples, Florida, for $699,000. She put 20% down and financed the rest at

ololo11 [35]

By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula $PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}$ , we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula $FV = A\frac{[(1+r)^{N}-1]}{r}$ , we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$