9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
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<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
Hey there! :)
-6 < -2x < 14
We're trying to solve for x. To solve for x, we must isolate x.
So, let's divide everything by -2!
-6 ÷ -2 < -2x ÷ -2 < 14 ÷ -2
**Remember : when dividing by a negative number, you MUST switch the sign! So, if the sign is ">" then we switch it to "<" and the other way around **
3 > x > -7
So, our answer is : → 3 > x > -7
~Hope I helped!~
Hey there! I'm happy to help!
This number is sixty six thousand six hundred eighty one. This means that our ten thousandths place is the first 6.
We look to the right place to see if it is 5 or bigger. It is also six.
Therefore we bump the ten thousands place up 1 to 7 and we make everything else 0, giving us 70,000.
Have a wonderful day! :D
The common factors are 14,7,2,1
In the "tens place". One hundred is ten times ten, so four hundred is ten times forty.
