Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
1. 1.5 and 3.5
2. both equations because they share these particular points
Answer:

Step-by-step explanation:

Based on the calculation below, the total price of the items before the discount is $58.32.
<h3>How do we calculate the total price of the items?</h3>
Note: The complete question is provided before answering the question as follows:
Iliana signed up for a store credit card with no annual fee to get a discount of 12.5 percent off her entire first purchase. If she saved $7.29 on her first purchase by using this credit card, what was the total price of the items before the discount?
The question is now answered as follows:
Total price of the items = Amount saved / Discount rate
Total price of the items = $7.29 / 12.5%
Total price of the items = $58.32
Learn more about credit cards here: brainly.com/question/3433271.
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