*REVERSE THE CHANGE QUESTION*
100% + 20% = 120% = $252
252 / 120 = $2.10 = 1%
100% = 2.1 x 100 = $210
Answer:
b = 128 answers it is alternate angle
- The value of d = $1088.63
- fixed monthly payments made = $372
<u>Given that :</u>
Present value ( PV ) $200,000
Period = 25 years
Total period ( n ) = 25 * 12 = 300
also PMT is done monthly
∴ monthly interest rate = ( 716.67 / 200,000 ) * 100 = 0.358% ( r )
<u>i) Next step : Calculate the value of PMT </u>
using the equation below
where : PV = $200,000, r = 0.358% , n = 300
input values into equation
∴ d = PMT = $1088.63
<u>ii) Fixed monthly payments</u>
= d - 716.67
= 1088.63 - 716.67 = $372
Learn more : brainly.com/question/11965695