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frozen [14]
3 years ago
10

Please please please help!!!!

Mathematics
1 answer:
Y_Kistochka [10]3 years ago
3 0

Answer:

Step-by-step explanation:

It’s b.

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Find the monthly payment for the loan. Finance $500,000 for an apartment complex with a 12.3% 10-year loan.
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Using it's formula, it is found that the monthly payments for the loan of the apartment is of $7,260.50.

<h3>What is the monthly payment formula?</h3>

It is given by:

A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}

In which:

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In this problem, the parameters are given as follows:

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Then, the monthly payments will be of:

A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}

A = 500000\frac{0.01025(1+0.01025)^{120}}{(1+0.01025)^{120} - 1}

A = 7260.50.

More can be learned about the monthly payment formula at brainly.com/question/26267630

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3 apples are to be divided up amongst 4 friends. 3/4 = 0.75 apples per person.
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