Answer:
Step-by-step explanation:
-8.5
-|4.5|
-3.5
-1.5
|-3.5|
4.5
|5.5|
Answer: $1040
A = P + I
A = Total
P = Principal
I = Interest
First find the total amount
A = 640(4)(9)
A = 23040
Plug In the Numbers
23040 = 22000 + I
Substract 22000 on both sides
I = $1040
Answer:
Explanation:
The row for month 25 shows that after <em>twenty-five payments</em> <u>the balance of the loan is $10,356.03</u>
You are told that the<em> loan amount or principal is $ 19,900</em>.
From those two data, you can calculate <em>how much of the principal has been paid off after </em>25 months, because the amount paid off is equal to the loan less the balance after 25 payments:
- Principal paid off = $ 19,900 - $ 10,356.03 = $9,543.97
Inverse property of multiplication.
