Since there was a down payment, the actual amount borrowed was
Amount borrowed, P=125000-25000=100000
interest, i = 4% (APR) = 0.04/12 per month (ASSUME compounded monthly)
Monthly payment = $577
To find the amortization portion of the first payment, we need the interest accumulated at the end of the first month (first payment)
= 100000*(0.04/12) = 333.33 (nearest cent)
Therefore amortization portion = $577-333.33 = 243.67 (to the nearest cent)
(by the way, if we need to know the amortization period, we have to use the amortization formula and estimate the number of months, n to give a monthly payment of 577 for the given principal. n can be calculated as 259.04 months, or over 21 years and 7 months).
180-34=146
146-5=141
ratio=1:4
1+4=5
141÷5=28.2
x=28.2
y=112.8
I may be wrong, ask for more opinions
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Answer:
A) 4.5
Step-by-step explanation:
you can set up a ratio comparing AB/CB to (AB + BD)/5
3/2 = 3 + BD/5
cross-multiply to get 15 = 2(3 + BD)
15 = 6 + 2BD
9 = 2BD
9/2 = BD
I cannot see anything on that sorry
The value of x is 9.(................)
