Answer:
a) monthly payment: $177.50
b) total amount paid: $31,950
c) toward principal: $17,500; toward interest: $14,450
Step-by-step explanation:
a) The amount of the monthly payment (A) is computed from the principal (P), the annual interest rate (r) and the number of years (n) using the formula ...
A = P·(r/12)/(1 -(1 +r/12)^(-12n))
Filling in your numbers, we can use r/12 = 0.09/12 = 0.0075, and 12n = 12·15 = 180:
A = $17500·0.0075/(1 - 1.0075^-180) ≈ $177.50
__
b) The total payment over the term of the loan is 180 of these monthly payments:
180·$177.50 = $31,950
__
c) $17,500 is paid toward the principal.
$14,450 is paid toward interest.
Give us info on the deck if you want an answer
1) 3t+18
= 3(t+6)
2) 6m-24
=6(m-4)
3) 10t^2+30t
= 10t(t+3)
4) 12xp-20x
= 4x(3p-5)
Answer:
3/4 or 0.75
Step-by-step explanation:
I don’t get all the other stuff but 1/4 + 1/2 = 3/4