By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula ![PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}](https://tex.z-dn.net/?f=%20PV%20%3D%20A%20%5Cfrac%7B%5B1-%20%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%7D%5D%7D%7Br%7D%20)
, we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula ![FV = A\frac{[(1+r)^{N}-1]}{r}](https://tex.z-dn.net/?f=%20FV%20%3D%20A%5Cfrac%7B%5B%281%2Br%29%5E%7BN%7D-1%5D%7D%7Br%7D%20%20%20)
, we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$
Answer:
No, Arjun would need 2546 boxes
Step-by-step explanation:
Since he needs to pack 15,276 pastries into boxes of 6, this equation can be used to determine the amount of boxes needed. Hope this helps!
Answer:
-6/5
Step-by-step explanation:
3/2x - 5/4y = 15
-5/4y = -3/2x + 15
multiply each side by (-4/5)
(-4/5)(-5/4y) = (-4/5)(-3/2x + 15)
y = -6/5x - 12
rate of change: -6/5
I'm not certain how exactly this question is supposed to be answered.
If it wants a ratio, Paul and Jennifer's speeds would be in a ratio of 3:4.
It also could be Paul types 20 words per minute slower than Jennifer.
It could be Paul types 33% slower than Jennifer.
Another answer could be Paul's typing speed is 3/4ths of Jennifer's typing speed.
Feel free to ask any further questions.
