Answer:
Point of intersection:
2 × equation(b) + equation (a):
Point of intersection = (3, 1)
Perpendicular line:
General equation of line:
<u>Value</u><u> </u><u>of</u><u> </u><u>m</u><u>:</u>
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A Web music store offers two versions of a popular song. The size of the standard version is
1 answer:
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The monthly payment on the mortgage is option C) $2537.44
<u>Step-by-step explanation</u>:
- Principal (P): $ 295,000
- Rate (r): 6.3% = 0.063
- Number of times compounded (n): 12months
15 years = 180
- Number of years = 15
The formula is A = P(1 + r/n)^nt
⇒ A = 295000(1+0.063/180)^(18015)
⇒ A = 295000(180.063/180)^2700
⇒ A = 295000 (1.00035)^2700
⇒ A = 758854.5
Interest = Amount - Principle
⇒ 758854.5 - 295000
⇒ Interest = 463854.5
∴ The monthly payment for 15 years = 463854.5 / (1512)
The monthly payment on the mortgage = 2576.9 (approximately option C)