Helpppp... I suck at algebra. the question is down below 7x(-3)x(-2)^2
2 answers:
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Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
Answer:
Step-by-step explanation:
The sum of an infinite geometric series is expressed according to the formula;
where;
a is the first term of the series
r is the common ratio
If the sum of an infinite geometric series is three times the first term, this is expressed as
Substitute into the formula above to get the common ratio r;
open the parenthesis
subtract 3 from both sides
<em>Hence the common ratio of this series is </em><em></em>