2/6 + 2/6 + 2/6
1/6 + 5/6
4/6 + 2/6
Given:
loan: 650,000
prime rate: 8.75%
interest rate of 0.75% ordinary interest over the prime rate
Interest rate: 8.75% + 0.75% = 9.5%
650,000 x 9.5% x 1 = 61,750 interest
maturity value: 650,000 + 61,750 = 711,750
<span>If a matrix is invertible, there are many solutions to Ax=0, I am referring to both homogeneous and non-homogeneous types.</span>
