Answer:
26%
Step-by-step explanation:
Your 36 monthly payments will total ...
36 × $205.10 = $7383.60
$5860 of that is the amount you borrowed. The remainder is the interest you pay:
$7383.60 -5860 = $1,523.60
As a percentage of the original loan amount this is ...
$1523.60/$5860 × 100% = 26%
You pay back 26% of the original loan amount in interest.
Answer:
see below
Step-by-step explanation:
When you must do the same tedious calculation several times with different numbers, it is convenient to let a spreadsheet program do it for you. Here, the spreadsheet function PMT( ) computes the payment amount for the given interest rate, number of payments, and loan amount.
The loan amount is 90% of the purchase price.
The total interest over the life of the loan is the sum of the payments less the original loan amount.
The total monthly payment is the sum of the loan payment and the monthly escrow amount, which is 1/12 of the annual escrow amount.
_____
Here, we computed the total of payments using the unrounded "exact" value of each payment. We take this to be a better approximation of the total amount repaid, since the last payment always has an adjustment for any over- or under-payment due to rounding.
Answer:
She should have multiplied by 10,000.
Answer:
- 2
Step-by-step explanation:
The average rate of change of h(x) in the closed interval [a, b ] is

Here [a, b ] = [1, 8 ], thus
f(b) = f(8) = - 8² + 7(8) + 14 = - 64 + 56 + 14 = 6
f(a) = f(1) = - 1² + 7(1) + 14 = - 1 + 7 + 14 = 20
average rate of change =
=
= - 2
Answer:
work is shown and pictured