The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Option C. y = 0.06x + 1200
In that function 1200 represents the flat monthly salary, x is the value of the items sold and 0.06 means that teh percentage is 6%.
Volume = 2 x 6 x 1 + 1 x 2 x 2
Volume = 16 cubic feet
Shipping Cost = 20 + 1 x 6 = $26
Answer:
75.2
Step-by-step explanation:
16 x 9.4 = 150.4 / 2 = 75.2
