The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
cos x = 0.5
Step-by-step explanation:
cot x = (cos x) / (sin x)
sin x (cot x) = 0.5
cos x = 0.5
1: -5 = 3m + c
2: -2 = 0 + c
From equation 2, we knew c = -2
So we sub into equation 1 and got the value of m
-5 = 3m - 2
m = -1
The equation of line is y = -x - 2
Answer:
Here is the solution...hope it helps:)
