<span>You are given the price of the house worth $190,300 and about 30% down payment of the price is paid with a 15 – year loan at 5.75% interest. You will use annuity due in this problem. His monthly mortgage payment is $5,468.1</span>
Step-by-step explanation:
P(t) = 12,000 (2)^(-t/15)
9,000 = 12,000 (2)^(-t/15)
0.75 = 2^(-t/15)
ln(0.75) = ln(2^(-t/15))
ln(0.75) = (-t/15) ln(2)
-15 ln(0.75) / ln(2) = t
t = 6.23
Answer:
y=4x+1
Step-by-step explanation:
First find the gradient of the straight line
Then substitute the gradient in the formula y=mx+c.
Substitute one of the given coordinates in the line to find the value of c.
After finding the value of c substitute it in the formula but do not write the values of x and y in the formula
Answer:
$5.71
Step-by-step explanation:
20-5.88=14.12
14.12-8.41=5.71
Answer:
Y= 5/6x+5
Step-by-step explanation:
Okay same as before
the slope is rise over run
The rise is 5
The run is 6
So 5/6
And since ts rising from left to right its positive
The y-intercept which is the first point the line touches the Y axis is 5
So y=5/6x+5
