9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
If you need further help on how they got the answer, this equation will take more time, but it will also help you understand these types of problems. Part÷Whole=Percent÷100
Part= X because it is what you are trying to find.
Whole=250 because it is what you are taking the percentage of.
Percent=80
Now you have:
X÷250=80÷100
Set this up in fraction form and cross multiply.
You get:
100x=250×80
250×80=20,000
100x=20,000
X=200
Answer:
a recentangle?
Step-by-step explanation:
The distance between the two points is 
The polar coordinate of A is 
The polar coordinate of B is 
Explanation:
The two points are 
and 
The distance between two points is given by,
Thus, the distance between the two points is
The polar coordinates of A can be written as 
Distance = 
Substituting , we get,
Distance = 
To make the angle positive, let us add 360,
The polar coordinate of A is
Similarly, The polar coordinate of B can be written as
Distance =
Substituting , we get,
Distance = 
To make the angle positive, let us add 360,
The polar coordinate of B is
