Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Answer:
the feather colors and beak shapes of every bird observed in a park.
Step-by-step explanation:
you said it in your question
90,000,000+300000+400000+700000+2000+800+10
Answer:
T=5
Step-by-step explanation:
5 -3 = 10/t
2 =10/t
2t = 10
T = 5
Answer:
12
Step-by-step explanation:
the original ratio was 3/5 , so apply that to 20 and 3/5 of 20 is 12
