Answer:
480
Step-by-step explanation:
8x4=32
8x8=64
32x4=128
32x8=256
256+128+64+32=480
Answer:
$110,212
Step-by-step explanation:
$1,137*12=13,644. Multiply by 12 for 12 months in a year
13,644*8=109,152. Rent for 8 years excluding deposit.
109,152+1060=110,212. Total Cost for 8 Years
Answer:
100/3
Step-by-step explanation:
Answer:
4
Step-by-step explanation:
Write an equation of a line in slope-intercept form for the given conditions.
-intercept and -intercept
(Hint: Write the intercepts as ordered pairs)
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