Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
Answer:
1/3
Step-by-step explanation:
hope this helps :D
brainliest pls?
Answer:
M=p-5n
Step-by-step explanation:
Here we are given that M+5n=p
We are asked to solve this equation for M. In order to do that we will follow these steps.
Subtracting 5n from both sides we get
M+5n-5n=p-5n
M=p-5n
Hence , now we have our M as dependent variable, whose value depends on the values of p and n. One or both of them can be independent variable/.
Your answer is 2/3. As a decimal it is .66 or rounded to .67
