Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85% what will his monthly payment be?
1 answer:
Answer:
$768.54 (Approximate)
Step-by-step explanation:
Trey is taking out a loan for $85000. It is a 20-year loan with an APR of 5.85%.
Therefore, if we consider the interest rate is simple interest, then using the simple interest formula, the sum will become after 20 years
dollars.
Therefore, the monthly payment for the loan will be dollars. (Answer)
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The ordered pair (6 , 4) is a solution for y - 4 = 7(x - 6)
Step-by-step explanation:
The point-slope form of a linear equation is:
, where
- m is the slope of the line
is a point on the line
Any point on the line is a solution for the equation of the line
The solution of an equation is the values of x and y which make the left hand side is equal to the right hand side
∵ The equation is y - 4 = 7(x - 6)
- Compare the equation by the point-slope form above
∴ m = 7
∴ = 6 and
= 4
- That means point (6 , 6) lies on the line
∴ Point (6 , 4) is a point on the line which represents the
given equation
∵ Any point on a line is a solution of the equation of that line
∴ (6 , 4) is a solution of the equation
The ordered pair (6 , 4) is a solution for y - 4 = 7(x - 6)
Learn more:
You can learn more about the linear equations in brainly.com/question/1284310
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