9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
_____
<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
15.75
Step-by-step explanation:
So we know 5% is 1/20 out of 100 (20x5=100) so then we need to set up the equation to find how much 5% of 15 is. Which is .75 cents. So we then add the 75 cents to the already $15 shipping fee to get an answer of 15 dollars and seventy five cents.
Answer:
x=2
Step-by-step explanation:
2In(4x)=2In(8)
determine the defined range
2In(4x)=2In(8) , x is greather than 0
divide both sides by 2
In(4x)=In(8)
set the arguments equal
4x=8
divide both sides by 4
x=2, x is greater than 0
x=2
Answer:
Step-by-step explanation:
Solve for
y
y
.
Tap for more steps...
y
=
−
9
+
3
x
y
=
-
9
+
3
x
Rewrite in slope-intercept form.
Tap for more steps...
y
=
3
x
−
9
y
=
3
x
-
9
Use the slope-intercept form to find the slope and y-intercept.
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Slope:
3
3
y-intercept:
−
9
-
9
Any line can be graphed using two points. Select two
x
x
values, and plug them into the equation to find the corresponding
y
y
values.
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x
y
2
−
3
3
0
x y 2 -3 3 0
Graph the line using the slope and the y-intercept, or the points.
Slope:
3
3
y-intercept:
−
9
-
9
x
y
2
−
3
3
0
x y 2 -3 3 0
image of graph
