9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer: 70
Step-by-step explanation: The absolute value of a number is its distance from zero on the number line. Since absolute value is a distance, it is always greater than or equal to zero.
Yes please merry Christmas
So, he runs 1.5 then adds 0.5 every day,
1.5
(1.5+0.5)+1.5=x
(2.0+0.5)+x=z
2.5+0.5+z=y
etc.
Why, they want to know the total distance he runs, so thats why you add x,y,z to the end, and you add 2.0+0.5 because he adds 0.5 every dat Plus the other day's miles jogged
