Answer:
Step-by-step explanation:
a = b
Pythagorean Theorem:
b = 10/√2
1. 12a+6=12a+6
2. 12a+6=12a+2
3. 12a+6=4a+6
4. 12a+6=7a+5
Answer:
a. Interest = $300
b. Payment to principal = $86.40
c. New balance = $59,913.60
Step-by-step explanation:
The monthly payment has both an interest component and a principal repayment component.
The interest component is based on the total principal still due at the time and the principal repayment component will be the rest of the payment.
As the interest is listed in annual terms, it needs to be made a monthly rate:
= 6%/12 months
= 0.5%
Interest = 60,000 * 0.5%
= $300
Payment to principal = 386.40 - 300
= $86.40
New balance = Amount due - payment to principal
= 60,000 - 86.40
= $59,913.60
