Can anyone help on 10, 11, 12, and 13 please
1 answer:
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Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
Answer:
Widgets should be sold by $38.88 to maximize the profit.
Step-by-step explanation:
Vertex of a quadratic function:
Suppose we have a quadratic function in the following format:
It's vertex is the point
In which
Where
If a<0, the vertex is a maximum point, that is, the maximum value happens at , and it's value is
.
In this question:
The profit is given by:
Which is a quadratic function with
The maximum profit happens at the x of the vertex. Thus
Widgets should be sold by $38.88 to maximize the profit.