What’s 20 times 1000
1 answer:
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(See attached formula)
Loan Principal = 104,000 - 24,000 = 80,000
rate = 8.5 / 1,200 = <span> <span> <span> 0.0070833333 </span> </span> </span>
time = 25 years = 300 months
Monthly Payment = <span> <span> 0.0070833333 </span> + </span><span> <span> [ 0.0070833333 / ((1</span></span><span>.0070833333)^300 -1)) ] *principal
</span>
Monthly Payment = <span>0.0070833333 + </span><span> [ 0.0070833333 / (</span><span> </span> <span> <span> <span> 8.3104129461 </span> </span> </span> -1)] * 80,000
Monthly Payment = 0.0070833333 + [ 0.0070833333 / ( 7.3104129461)] * 80,000
Monthly Payment = (0.0070833333 + <span> <span> <span> 0.00096893750767) * 80,000
</span></span></span>Monthly Payment = <span> <span> <span> 0.00805227080767 </span> </span> </span> * 80,000
Monthly Payment = <span> <span> <span> 644.18
Source:
http://www.1728.org/calcloan.htm
</span></span></span>
(See attached formula)
Loan Principal = 104,000 - 24,000 = 80,000
rate = 8.5 / 1,200 = <span> <span> <span> 0.0070833333 </span> </span> </span>
time = 25 years = 300 months
Monthly Payment = <span> <span> 0.0070833333 </span> + </span><span> <span> [ 0.0070833333 / ((1</span></span><span>.0070833333)^300 -1)) ] *principal
</span>
Monthly Payment = <span>0.0070833333 + </span><span> [ 0.0070833333 / (</span><span> </span> <span> <span> <span> 8.3104129461 </span> </span> </span> -1)] * 80,000
Monthly Payment = 0.0070833333 + [ 0.0070833333 / ( 7.3104129461)] * 80,000
Monthly Payment = (0.0070833333 + <span> <span> <span> 0.00096893750767) * 80,000
</span></span></span>Monthly Payment = <span> <span> <span> 0.00805227080767 </span> </span> </span> * 80,000
Monthly Payment = <span> <span> <span> 644.18
Source:
http://www.1728.org/calcloan.htm
</span></span></span>
<em>Note:</em>
<em>Your first question is missing the y-intercept, so I am solving the 2nd question. You would still get your concept clear because the procedure to solve each of the questions is the same.</em>
Question 2
Answer:
The equation in the standard form is:
- 2/3x + y = -4
Please also check the attached graph.
Step-by-step explanation:
We know that the equation in the standard form is
Ax + By = C
where x and y are variables and A, B and C are constants
Given
- Slope m = -2/3
- y-intercept = -4
To determine
- Write the equation in the standard form
We know that the slope-intercept form of the line equation
where
- m is the slope
- b is the y-intercept
In our case:
- Slope m = -2/3
- y-intercept = -4
substituting m = -2/3 and y-intercept b = -4 in the slope-intercept of the line equation
y = mx+b
y = -2/3x + (-4)
y = -2/3x - 4
Writing the equation in the standard form
2/3x + y = -4
Therefore, the equation in the standard form is:
- 2/3x + y = -4
Please also check the attached graph.
