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.
Find his rate:
120 / 15 = $8 per hour
Multiply the rate by hours:
$8 x 20 hours = $160
He will earn $160
Answer: 43 cents
Step-by-step explanation: divide 6.00 by 14 which gives you around .42857
then you round to the hundredths place which gives you .43
Answer:
A or 
Step-by-step explanation:
Remember y=mx+b | m = slope & b = y intercept
Think back of rise over run. Where the rise is 1 and 2 is run. Now Also, lets not forget the y intercept which you can easily obtain by looking where the line intercepts the y axis. Which in this case it would be 2.