Answer:
6.48%
Step-by-step explanation:
t - c = b
t = 31.93
c = 29.99
b = 31.93 - 29.99
b = 6.48%
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
The domain and range is the foreman range 60
Answer:
1. 24
2.
where n denotes number of days.
3. 70
Step-by-step explanation:
1.
Consider the sequence: 
Here,

Take the common difference as d = 2 and the first term as a = 12
Use the formula: 
To find expected gain at the end of the week, find 

2.
Yes, the gain shows the pattern.
Put
in 

Here, n denotes number of days.
3.
To find expected gain at the end of 30 days, put
in 
