Step-by-step explanation:
Answer:
$278.15×60= $16688.969
Step-by-step explanation:
Murphy has a 15/5 balloon mortgage plan therefore he would make constant payments monthly for five years and then pay the balance of the loan/balloon payment for the 10 years left in bulk
To calculate principal+interest on loan before balloon payment is due, we simply calculate Murphy's constant/monthly payments for the 15 year loan amortization and multiply by number of payments before balloon payment is due:
Formula for monthly payments
A= P×r×r(1+r)^n/(1+r)^n-1
Where A= monthly payments
P= mortgage loan value
r= interest rate on loan
n= number of payments = 15×12= 180 monthly payments
Substitute :
A= $113500×0.0495×0.0495(1+0.0495)^180/(1+0.0495)^180-1
A= $113500×0.0495×296.104/5980.90
A= $113500×0.0495×0.049508
A= $278.15
To calculate our principal and interest before balloon payment, we multiply by number of payments(5×12=60 payments) before due balloon payment
60×$278.15= $16688.969
Answer:
For h = 0.1 y(1) = 2.5937
For h =0.05. y(2) = 2.6533
Step-by-step explanation:
Find attached below extensive solution to problem
Answer:
m = 10
Step-by-step explanation:
The triangles are similar. The scale factor is 15/9.
We multiply 6 by the scale factor and get m:
m = 6 * 15/9 = 10
Then we see that m (10) is also the lenght of a side in the smaller triangle, so we multiply 10 by 15/9 and find a.
a = 16,6 (circa)
Answer: Mason made $185.00
Step-by-step explanation:
For the first 10 suits he made $12.50 each suit, then he made $20 for the additional 3. (Just ignore the "suits part ._.)
250*.05=12.50
250*.08=20
12.50*10=125
3*20=60
125+60=185.
