9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
__
a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
__
b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
__
c) The amount that is interest is ...
$378,000 -157,823 = $220,177
<h2>
Answer:</h2><h2>
The correct option is d. (i) and (ii)</h2>
Step-by-step explanation:
The total miles covered per day = 45
No of commuting days in a week = 5
Total miles in a week = 45 * 5 = 225
The total amount spent on gasoline = $ 38
Cost of gasoline per gallon = $ 2.48
The number of gallons consumed per week =
= 15.32 gallons of gasoline per week.
This confirms (ii) statement
The amount spend on gasoline per mile =
= $0.17
This confirms (i) statement
The number of miles per gallon of gasoline =
= 14.68 miles
The statement (iii) is false.
Answer:
oh soooooooooooooooo sorry
Step-by-step explanation:
sorry
Answer:
12
Step-by-step explanation:
6 / .5 (same as 1/2)
or 6 X 
Remember when we divide by a fraction we do the following
Keep it (the first number stays the same)
Change it (convert from a division problem to a multiplication problem)
Flip it (flip the fraction that we are dividing by over - this is called a reciprocal)