What it Means...
If you borrow $32,000 at 1.99% for 5 years, your monthly payment will be $560.75.
The payments do not change over time. The loan amortizes over the repayment period, meaning the proportion of interest paid vs. principal repaid changes each month. As the loan amortizes, the amount of monthly interest paid decreases while the amount of principal paid increases.
<span>Loan Amount: $32,000
Term (years): 5 (60 Months)
Annual Interest Rate (%): 1.99%</span> Monthly Payment = $560.75
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<span>Amortization Schedule</span>
3 and 13
Hope this helps! ^^
Answer:
is y= 8-2x/3
Step-by-step explanation:
the 2x/3 is a fraction
1. You have that:
- <span>The number of cars in each row should be six less than the number of rows in the lot.
- The mayor has requested that the new lot should hold twice as many cars as the current parking lot, which has space for 56 cars.
2. Keeping the information above on mind, you have the </span>equation the civil engineer can use to find the number of rows that <span>he should include in the new parking lot, is:
</span>
x: <span>the number of rows.
</span>
x²-6x=112
The correct answer is the option C: C. x²-6x=112