Answer:
$1516.69 per month less
Step-by-step explanation:
The formula for the monthly payment A on a loan of principal P, annual rate r, for t years is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
For the 18.5% loan, the monthly payment is ...
A = 150000(.185/12)/(1 -(1 +.185/12)^(-12·30)) ≈ 2321.92
For the 5% loan, the monthly payment is ...
A = 150000(.05/12)/(1 -(1 +.05/12)^-360) ≈ 805.23
The mortgage at 5% would be $1516.69 less per month.
Answer:
x=12
Step-by-step explanation:
subtract one from both sides then multiply both sides by two
please mark brainliest
It would be 46, have a nice day
Answer:
z/6+15=24
We move all terms to the left:
z/6+15-(24)=0
We add all the numbers together, and all the variables
z/6-9=0
We multiply all the terms by the denominator
z-9*6=0
We add all the numbers together, and all the variables
z-54=0
We move all terms containing z to the left, all other terms to the right
z=54
Step-by-step explanation: hope it helps
