Answer: $742.20
Step-by-step explanation:
The payments will be divided between an interest and a principal payment.
The interest payment will be based on the balance at the beginning of the period and the rest of the payment will be the mortgage.
Balance at beginning of period = $72,000
Interest payment = (3.13% * 72,000) / 12 months
= $187.80
Amount going towards principal:
= Total payment - Interest payment
= 930 - 187.80
= $742.20
Answer:
b-11
Step-by-step explanation:
is that what the question is asking for?
Answer:
A , B , C
Step-by-step explanation:
1) find the slope of the given line
slope = (-a/b) = (-8/4) = -2
two parallel lines have the same slope
A : correct
B : (-a/b) = -16/8 = -2 (correct)
C : correct
D : wrong (2 is different from -2)
The value of the investment in 5 years is $5805.9
<h3>What is Interest ?</h3>
Interest is the amount earned over years for the amount invested.
It is given that
Principal = $5000
Rate = 3%
Compounded Quarterly
Time = 5 years
Amount = ?
The Amount is given by the formula
Amount = P( 1 + (r/n))ⁿˣ
Here n = t = time period for which the investment has been done.
Amount = 5000( 1+(3/4 * 100)⁴ˣ⁵
Amount = 5000 (1.16)
Amount = $ 5805.9
Therefore , The value of the investment in 5 years is $5805.9
To know more about Interest
brainly.com/question/13324776
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