I have to find the circumference of 15 cm
1 answer:
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Answer:
Step-by-step explanation:
From the given information:
The present value of the house = 128000
interest rate compounded monthly r = 7.8% = 0.078
number of months in a year n= 12
duration of time t = 30 years
To find their regular monthly payment, we have:
128000 = 138.914 P
P = 128000/138.914
P = $921.433
∴ Their regular monthly payment P = $921.433
To find the unpaid balance when they begin paying the $1400.
when they begin the payment ,
t = 30 year - 5years
t= 25 years
PV = $121718.2714
C) In order to estimate how many payments of $1400 it will take to pay off the loan, we have:
nt = 94.238 payments is required to pay off the loan.
How much interest will they save by paying the loan using the number of payments from part (c)?
The total amount of interest payed on $921.433 = 921.433 × 30(12) years
= 331715.88
The total amount paid using 921.433 and 1300 = (921.433 × 60 )+( 1300 + 94.238)
= 177795.38
The amount of interest saved = 331715.88 - 177795.38
The amount of interest saved = $153920.5
We have the equation for company 1: y = 3x + 5. That means it costs $3 to rent a movie with a $5 fee no matter how many movies you rent. It would benefit us to have the equation for company 2, so we need to find it using 2 points on the line. I picked the points (2,14) and (0,12). Find the slope of this by using the slope formula: 
which gives us a slope of 1. Now we can use that slope and the slope-intercept form of a line to find the y-intercept, which serves as the fee for renting from company 2. 14=1(2)+b and 14 = 2 + b and b = 12. The equation then for company 2 is y=1x+12. This means it costs $1 to rent movies, but your fee to rent, no matter how many movies you pick, is $12. The "rate of change" in the choices refers to the slope. The slope in company 1's equation is 3 and the slope in company 2's equation is 1. The best description is the first choice that says "There is a higher rate of change at Company 1".