Kevin has a spinner that has 10 equal sections and 2 sections of each color—red, blue, green, yellow, and purple. Kevin spins th
2 answers:
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Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
For this case we must factor the following expression:
To factor, we look for two numbers that, when multiplied, result in 20 and when added, result in -12.
These numbers are: -10 and -2.
Thus, we factor the expression as:
Answer:
The factors of the given expression are: