Rate = 5 /1,200 =
<span>
<span>
<span>
0.0041666667
</span>
</span>
</span>
Monthly payment = (rate + (rate / [(1+rate)^months -1])) * principal
Monthly payment =
<span>
<span>
<span>
0.0041666667
</span>
</span>
</span>
+ (
<span>
<span>
<span>
0.0041666667
</span>
</span>
</span>
/ <span>((1.0041666667^120)-1</span>) * principal
Monthly payment =
<span>
<span>
0.0041666667
</span>
</span>
+ (
<span>
<span>
0.0041666667
</span>
/</span> <span><span><span>0.6470094977
</span>
</span>
</span>
) * principal
Monthly payment =
(<span>0.0041666667 +</span><span> </span>
<span>
<span>
<span>
0.0064398849
</span>
</span>
</span>
<span><span>
</span>
</span>
<span><span><span>) * 275,325
</span>
</span>
</span>
<span>
</span>
Monthly payment =
<span>
<span>
<span>
0.0106065515
</span>
</span>
</span>
<span>
* 275,325
</span>Monthly payment = <span><span><span>2,920.2</span></span></span>5
Answer: the exact form is 9/2 and the decimal form is 4.5 and the mixed number form is 4 and 1/2
Step-by-step explanation:
I think it’s C. I plugged it on to a graph and shows that graph a is steeper than graph b. red is graph a. blue is graph b.
Answer:
4
Step-by-step explanation:
3x<u>+2</u>-7x=<u>-14</u>
3x-7x=-14-2
-4x=-16 /:(-4)
x=4