Answer:
what is this
Step-by-step explanation:
Answer:
The point slope form is 
The slope(m) can be calculated using 
:
Using Point One, the point-slope form is determined as:
The y-intercept(b) can be calculated as:
E
2x - 48 = 10x
-2x -2x
-48 = 8x
/8 /8
-6 = x
if you move all of your x's on to the same side it is easier to solve
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
