Please Help!
1 answer:
You might be interested in
The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $ 295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)
Answer:
--- y intercept
Step-by-step explanation:
Given:
x = weeks; y = copies
The right parameters are:
After 1 week, 5840 copies were downloaded
After 5 weeks, 13090 copies were downloaded
So, the (x,y) forms are:
Next, we calculate the slope (m) using:
The equation is then calculated using:
To calculate the y intercept, substitute 0 for x