Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Answer:
The value is 8500
Step-by-step explanation:
Of means multiply and is means equals
6% * V = 510
Change percent to decimal form
.06V = 510
Divide each side by .06
V = 510/.06
V =8500
A prime number is a natural number greater than 1 that cannot be formed by multiplying two smaller natural numbers
Step-by-step explanation:
Answer:
5.78
Step-by-step explanation:
Multiply 13 to both sides to get q by itself
4/9*13=q
this gives you
5.77777778=q
but we need to round it to the nearest hundredth
so
5.78
Answer:
20 points
Step-by-step explanation:
Points:
- 21, 13, 14 and x for the last game
Average:
- (21+13+14+x) / 4 = 17
- 48 + x = 4*17
- 48 + x = 68
- x = 68 - 48
- x = 20
They must score 20 points