Their payment can be computed using the formula for amortization.
... A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . . where ...
... ... P is the principal amount of the loan, r is the annual rate, t is the number of years, A is the monthly payment.
Filling in your values, this becomes ...
... A = 150,000·(0.055/12)/(1 -(1 +.055/12)^(-360))
... A ≈ 851.68
Their monthly payment is $851.68.
Answer:
C) Addition property of equality and division property of equality
Step-by-step explanation:
To find the answer, let's first solve the equation for x...
3x-6=12
Add 6 to both sides (Addition property of equality)
3x=6
Divide both sides by 3 (Division property of equality)
x=2
We used both the addition property of equality and the division property of equality therefore the answer is C
Answer:
x=10
Step-by-step explanation:
I believe if you're trying to solve for x and the two lines are the same length, you just have to set the values equal to each other and solve.
The slope is y=3x-2, or if you had to rewrite it, 3x-2 is the slope. The y intercept could be found using the previous formula, y=3x-2. If x were to be equal to 5 for example, you would have to multiply that by 3, then subtract it by 2, and you get your y intercept, which would equal 13 (THIS IS AN EXAMPLE).