The problem you have give is very simple the answer is 80
The answer is A.)
To find this answer the first thing we need to do is look at the equation of a straight line: y=mx+b
What I did first was look at b. b represents the y-intercept. By looking at the graph we can tell that the line crosses the y-axis at (0,15), so the y- intercept is 15. So our answer should at least have b=15. Using this we can go ahead and eliminate answers B & C
Next we look at the slope (m). One way you can figure out slope is using the rise over run method. Since this line has a negative slope our rise should be a negative number. So, the only answer that should be left is A.)
Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
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thus the given equation is a linear equation in two variables ...
thus ploting a table we get as ...
y = -5x + 3
there fore
1) at y=0 , x = 3/5 .... 0 = -5x +3
= -5x = -3 ..thus X = 3/5
2) at x=0 , y= 3 ...
y = -5 (0) + 3 = 3
3) at X =1 , y = -2
4) at y=1 , x = 2/5