The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
Answer:
Base = 4.62m, Height = 6.93m
Step-by-step explanation:
I worked through the black first, then went to the blue.
I think it’s six because 3n=6-5 3 n=6-5 then subtract 5 5 from 6 6
The answer that you should get 35as^2-30s
Option A i believe but i dont know for sure