The answer or range would be 40
15 / 20 = 0.75. The answer is 0.75
Answer:
(4, 4)
Step-by-step explanation:
y = 7/4 x - 3 graph (0, -3) (2, .5), (4, 4) (8, 11). Draw the line
y = x graph (0,0) (2, 2), (4, 4) , ( -2, -2). Draw the line
The two lines intersect at point (4, 4)
Answer:
the answer to x = -1 would be x =-1, you are stating what x is, unless there is more to the question
Listed price = $1.4 million
Down payment = 20% of $1.4 million = 0.2 x 1,400,000 = 280,000
Amount left to pay = $1.4 million - 280,000 = $1,120,000
Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / r
where: PV = $1,120,000
r = 5% = 0.05
t = 12
n = 30 years.
1,120,000 = P(1 - (1 + 0.05/12)^-(12 x 30)) / 0.05
1,120,000 x 0.05 = P(1 - (1 + 1/240)^-360)
56,000 = P(1 - 0.2238)
P = 56,000 / 0.7761 = 72,148.83
Therefore, the monthly payment is $72,148.83
