Answer:
<em><u>note:</u></em>
<em><u>solution is attached</u></em>
1 - 1/5 = 5/5 - 1/5 = 4/5
4/5 - 1/5 = 3/5
3/5 - 1/5 = 2/5
2/5 - 1/5 = 1/5
1/5 - 1/5 = 0
We can subtract 1/5 from 1 a total of 5 times, so 1 ÷ 1/5 = 5.
96
Step-by-step explanation:
The loan duration is for 8 years, a total of 12·8 = 96 monthly payments. The 96th payment is the balloon payment.
These are parallel lines
