Answer:
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To find equivalent fractions, multiply be any number that is the same for the numerator/denominator
You can also divide, but it must be divisible by both the numerator/denominator
Definition: The ______ place is the place two to the left of the decimal point in a number.
2 answers:
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Interest paid after 30 years is $494,546.99.
Solution:
Principal (P) = $195,000
Interest rate (r) = 4.3%
Time (t) = 30 years
n = number of times interest calculated per year
n = 1
Compound interest formula:
where A is the final amount
A = 689546.99
Interest = Amount - Principal
= 689546.99 - 195000
= 494546.99
Interest paid after 30 years is $494,546.99.