Answer:
1. The monthly payment is $689.5
2. The total amount to be paid is
$224,580.
Step-by-step explanation:
Salsa and Corn Broom all reached an agreement upon the price of $197,000.
- The plan on making a 30 percent down payment. This implies that the will pay 0.3 × $197,000 = $59,100
This leaves them with
$197,000 - $59,100
= $137,900 to pay.
The plan on financing this remaining amount at 6 percent for 20 years.
This means they will pay
0.06 × $137,900 = $8,274 for 20 years. This translates to the payment of $8,274 × 20 = $165,480 across the 20 years.
1. The monthly payment is the yearly payment divided by 12.
Which is $8,274 ÷ 12 = $689.5
2. The total amount to be paid is
$165,480 + $59,100
= $224,580.
Answer:
m = 3/2
Step-by-step explanation:
Use the slope formula: (y2 - y1) / (x2 - x1)
Answer:
It is being multiplied by 6 each time.
Step-by-step explanation:4x6, 24x6
Answer:
x = -2
y=-3
(-2,-3)
Step-by-step explanation:
Both equations are equal to y
We can set them equal to each other
y = 3x + 3
y = x − 1
3x+3 = x-1
Subtract x from each side
3x+3 -x = x-1-x
2x+3 = -1
Subtract 3 from each side
2x+3-3 = -1-3
2x = -4
Divide each side by 2
2x/2 = -4/2
x = -2
Now we need to find y
y = x-1
y = -2-1
y = -3
y = x-1
