Answer:
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Answer:
Step-by-step explanation:
im not sure if it is right,but here is my thought since its gonna be half first you do the 4x2x2=16 divide 16 by 2 witch will give you have of 16 witch will also give you 8
You didn't specify the periodic payment in your question. I will solve it assuming that payment is made monthly.
Amount owing by Tom = 70% of 139,000 = 0.7 x 139,000 = $97,300
Present Value of an annuity is given by PV = P(1 - (1 + r)^-n)/r; where P is the periodic (monthly) payment, r is the interest rate = 12%/12 = 1% = 0.01, n is the number of periods = 25 x 12 = 300 months.
97,300 = P(1 - (1 + 0.01)^-300)/0.01
P = 973/(1 - (1.01)^-300) = 973/(1 - 0.050534) = 1,024.79
Thus Tom pays $1,024.79 per month.
Interest due for the first month = 0.01 x 97,300 = $973
Therefore, the portion of the first payment that covers the interest is $973
If you would like to convert the <span>angle 30° 37' 11" to decimal degrees, you can do this using the following steps:
</span>30° 37' 11" = 30 + 37/60 + 11/3600 = 108000/3600 + 2220/3600 + 11/3600 = 110231/3600 = 30.62°
The correct result would be 30.62°.