Hello from MrBillDoesMath!
Answer:
Interest paid = $ 1,713,568.73
Monthly p[payment = $4913.25
Discussion:
From the "compound interest formula:
A = final amount
P = Initial amount (Principal)
r = yearly interest rate
n = number of years of accumulation.
In our case,
A = 350000( 1 + .052)^35 =
350000 (5.90) = (approx)
$2,063,568.73
Interest = $2,063,568.73 - 350000 = $ 1,713,568.73
There are 35 *12 = 420 months in 35 years. So the monthly payment would be ($2,063,568.73 / 420) = $4913.25
Thank you,
MrB
Answer: The reason you cross multiply fractions is to compare them. Cross multiplying fractions tells us if the two fractions are equal or which one is greater. This is especially useful when you are working with larger fractions that you aren't sure how to reduce.
It works cause they have the same denominator
bruh
Answer:
how about you stop being confused
Step-by-step explanation:
just read the question
FOIL
x^2+11x-9x-99
x^2+2x-99
5(2x-3)+7
distribute the 5 to the 2x and -3
10x-15+ 7
combine like terms -15+7
10x-8
