We know that
P = A/D
Where,
P = monthly payments,
A = Total amount =$1,000,000
![D=[(1+r/12) ^{12*t}-1]/[(r/12)*(1+r/12)^{12*t}]](https://tex.z-dn.net/?f=D%3D%5B%281%2Br%2F12%29%20%5E%7B12%2At%7D-1%5D%2F%5B%28r%2F12%29%2A%281%2Br%2F12%29%5E%7B12%2At%7D%5D%20%20)
in this problem
t=30 years
r=8%----> 0.08
![D=[(1+0.08/12) ^{12*30}-1]/[(0.08/12)*(1+0.08/12)^{12*30}] =136.2835](https://tex.z-dn.net/?f=D%3D%5B%281%2B0.08%2F12%29%20%5E%7B12%2A30%7D-1%5D%2F%5B%280.08%2F12%29%2A%281%2B0.08%2F12%29%5E%7B12%2A30%7D%5D%20%3D136.2835)
the answer is$7337.65
There is only one solution
Answer:
The sum of -8 and 3 is -5
Answer:
B
Step-by-step explanation:
16 x 3/2 = 24
24 x 3/2 = 36
36 x 3/2 = 54
Answer:
The amount of 65 cents per pound flour to use is 40 pounds and the amount of 95 cents per pound flour to use is 60 pounds
Step-by-step explanation:
Let
x ----> amount of 65 cents per pound flour to use
y----> amount of 95 cents per pound flour to use
we know that
----> 
----> equation A
----> equation B
substitute equation A in equation B
Solve for x
Find the value of y
therefore
The amount of 65 cents per pound flour to use is 40 pounds and the amount of 95 cents per pound flour to use is 60 pounds
