Answer:$728
Step-by-step explanation:
$156,000 less 20% is $124,800.
That is the amount that is being financed. If the rate is7% per year the first months interest is:
124,800*.07/12 = $728
You didn't ask but if the mortgage is like most conventional mortgages the 30 * 12 = 360 payments are all approximately equal, with less money expended on paying down the principal at first. Their equal payment would be: $830.30
Example: 30 and 42
Factor them.
2 x 3 x 5 = 30
2 x 3 x 7 = 42
Select the highest amount of each factor.
2 x 3 x 5 x 7 = 210, the LCM
Answer:
661.7 million
Step-by-step explanation:
Given the exponential model :
A = 661.7 e^0.011t
The general form of an Exponential model is expresses as :
A = A0 * e^rt
Where A = final value ; A0 = Initial value ; r = growth rate and t = time elapsed
From the question t = time after 2003
Therefore, A0 = initial population, which is the population in 2003
Therefore, A0 = 661.7
Or we could put t = 0 in the equation and solve for A
A = 661.7 e^0.011(0)
A = 661.7 * 1
A = 661.7
Hence, population in 2003 is 661.7 million
Answer: $0.20
Step-by-step explanation:
There are 16 ounces in 1 pound, so divide $3.20 by 16 to get the price of dollars/ounce
3.20/16 = $0.20/ounce
9514 1404 393
Explanation:
Make use of the properties of equality.
a = 2b +6 . . . . . given
a = 9b -8 . . . . . given
2b +6 = 9b -8 . . . . . . . substitution property of equality
6 = 7b -8 . . . . . . . . . . . subtraction property of equality
14 = 7b . . . . . . . . . . . . . addition property of equality
2 = b . . . . . . . . . . . . . . . division property of equality
b = 2 . . . . . . . . . . . . . . symmetric property of equality
