Answer:
The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.
I find that the monthly payment will be
$848.89. There will be 360 such payments over 30 years, for a total payment amount of $30The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.
R = Pi/[1 - (1+i)^(-n)] where
P = 110,400
R = the monthly payment
i = 8.5/[100(12)] = .007083...
n = 30(12) = 360 yielding
R = $848.88 per month.
Therefore, the total interest paid is 360(848.88) - 100,400.
5,600. Subtract the original principle (110,400) from that to get the interest paid.
hopes this helps :]
Yes they do parallel from each other <span />
The answer to this question is
1. d
2.c
3.a
4.b
The ratio of people that can be served to milligrams of baking soda needed is:
Serving : Baking Soda
2 : 1600mg
Since you want 10 people, you can multiply this ratio by 5:5 to get
10 people served = 8000mg needed
8000mg = 8 grams
