9514 1404 393
Answer:
- $137.90 more each month
- $246.00 less total interest
Step-by-step explanation:
The amortization formula is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for the monthly payment on principal P at annual rate r for t years. Here, we have P=3300, r = 0.14, and t=1, so the monthly payment is ...
A = $3300(0.14/12)/(1 -(1 +0.14/12)^-12) ≈ $296.30
The payment of $296.30 is ...
$295.30 -158.40 = $137.90 . . . more each month
The total amount paid is 12×$296.30 = $3555.60, so 255.60 in interest. This amount is ...
$501.60 -255.60 = $246.00 . . . less total interest
Using the combinations formula, the probability that you'll win the jackpot is given by:
A. 1/302575350.
<h3>What is the combination formula?</h3>
is the number of different combinations of x objects from a set of n elements, given by:
5 numbers are selected from a set of 70, along with one number from a set of 25, hence the number of combinations is given by:
Only one combination is correct, hence the probability of winning is given by:
A. 1/302575350.
More can be learned about the combination formula at brainly.com/question/25821700
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Answer:
false
Step-by-step explanation:
