A = P(1 + rt)
Where:
<span>·
</span>A = Total Accrued Amount (principal + interest)
<span>·
</span>P = Principal Amount
<span>·
</span>I = Interest Amount
<span>·
</span>r = Rate of Interest per year in decimal; r = R/100
<span>·
</span>R = Rate of Interest per year as a percent; R = r * 100
<span>·
</span>t = Time Period involved in months or years
A = 15,000(1+ 0.07(5))
A = 20,250 they acquired in total for 5 years
The yearly amount the get is 15,000 xx 0.07 = $ 1050 per
year
So in the next 25 years addition of 1050x25 = $26250 they
will get
Step-by-step explanation:
multiple possibilities.
e.g.
we could use Pythagoras to get QR, and then use the law of sine to get angle P.
or we can use the law of sine to get angle R, and then use the rule that the sum of all angles in a triangle is always 180° to get angle P.
I propose the second option :
the law of sine :
a/sin(A) = b/sin(B) = c/sin(C)
with a, b, c being the sides always opposite of their associated angles.
33.8/sin(R) = 57.6/sin(90) = 57.6
sin(R) = 33.8/57.6 = 0.586805555...
R = 35.93064691...°
180 = 90 + 35.93064691... + P
P = 54.06935309...°
Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years
[compound interest formula]
Future value of payments after 16 years
Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is
Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
Answer:
its 600 because its in the hundredths place so it would be 6 hundredths
Step-by-step explanation:
Answer84
Step-by-step explanation: