You didn't specify the periodic payment in your question. I will solve it assuming that payment is made monthly.
Amount owing by Tom = 70% of 139,000 = 0.7 x 139,000 = $97,300
Present Value of an annuity is given by PV = P(1 - (1 + r)^-n)/r; where P is the periodic (monthly) payment, r is the interest rate = 12%/12 = 1% = 0.01, n is the number of periods = 25 x 12 = 300 months.
97,300 = P(1 - (1 + 0.01)^-300)/0.01
P = 973/(1 - (1.01)^-300) = 973/(1 - 0.050534) = 1,024.79
Thus Tom pays $1,024.79 per month.
Interest due for the first month = 0.01 x 97,300 = $973
Therefore, the portion of the first payment that covers the interest is $973
Answer:
i dont know this one it hard
Step-by-step explanation:
2.42 is the biggest i think
Answer:
26,72,82
Step-by-step explanation:
This question is solved by a system of equations. We have that:
x is the first angle.
y is the second angle.
z is the third angle.
The sum of the measures of the angles of a triangle is 180.
This means that, x + y + z = 180 -> Eq 1
Now,
The second angle measure 10º more than twice the first,
=> y = 2(x + 10) = 2x + 20
The third angle measures 10° more than the second,
=> z = y + 10 = 2(x + 10) + 10 = 2x + 20 + 10 = 2x + 30
Equation(Substituting values in Eq 1) :-
=> x + (2x + 20) + (2x + 30) = 180
=> x + 2x + 20 + 2x + 30 = 180
=> x + 2x + 2x + 20 + 30 = 180
=> 5x + 50 = 180
=> 5x = 130
=> x = 26
Therefore,
x = 26
y = 2(26) + 20 = 72
z = 2(26) + 30 = 82
Answer:
J
Step-by-step explanation:
