Answer:
$11,130.47
Step-by-step explanation:
The amortization formula can be used. It tells you the monthly payment amount A for some principal P, interest rate r, and n payments.
A = P(r/12)/(1 -(1 +r/12)^(-n))
Filling in your values, we get ...
200 = P(.03/12)/(1 -(1 +.03/12)^-60) = P(.0025)/(1 -1.0025^-60)
P = 200(1 -1.0025^-60)/.0025 ≈ 200×55.6523577
P ≈ 11,130.47
The present value of the loan is $11,130.47.
Answer:
you are a square
Step-by-step explanation:
it says " i have 2 pairs of parallel sides and 4 right angles", and typically 4 right angles make a square
Answer:
96 sq. m
Step-by-step explanation:
If the width is x, the length is x + 4 and since perimeter = 2 * (length + width), we can write:
40 = 2(x + x + 4)
40 = 2(2x + 4)
20 = 2x + 4
16 = 2x
x = 8 so x + 4 = 12, therefore the area is 8 * 12 = 96 square meters.
