The monthly payment for purchasing the home will be $457.85.
<h3>What is a monthly payment?</h3>
The term loan refers to a sort of credit vehicle in which a sum of money is lent to another party in exchange for the value or principal amount being repaid in the future.
Then the formula of monthly payment (MP) will be
In order to purchase a home, a family borrows $110,000 at 2.9% for 30 years.
We have
P = $110,000
r = 0.029 / 12 = 0.0024
n = 30 × 12 = 360
Then the monthly payment will be
On further solving, we have
MP = 110000 × 0.0024 × 1.723
MP = $ 457.85
More about the monthly payment link is given below.
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Answer:
The answer is Yes
Step-by-step explanation:
1) 2/5 = 18/45
2x45 = 18x5
90 = 90 True
2) 6/9 = 54/81
6x81 = 54x9
486 = 486 True
Answer:
The left end approaches to + Infinite being an exponential function, and the right end to 0
Step-by-step explanation:
we have to remember the exponential function, the best way to find the answer is plotting the graph or arranging a table of values.
As you can see in the attached graph the y axis gets closer and closer to 0 as it moves forward in the x axis, and as it moves to the left the y axis starts increasing rapidly.
Also you got to keep in mind the way that functions behave in terms of the sign of its variable. for example the 10 in this equation only makes the curve to get wider, but if you change the sign to minus, the answer would be different.
Or mine means that itself and 1 can only go into it. Conposit means that multiple numbers can go into it like 24. 12,6,8,2 can all go into it
