For this problem, we will be using the formula for loan:
PMT=P[(r/n)/1-(1+r/n)^-ny]
where:
P=Principal Value
r=rate
n=number of compoundings/year
y=year
To solve:
*Weston is only financing $185,000.
P=$185,000
r=6.525% or 0.06525
n=12 (monthly)
year=30
PMT=185000[(0.06525/12)/1-(1+0.6525/12)^-12*30
= 185000[(.0054375)/1-(1+.0054375)^-360
= 185000[(.0054375)/1-(1.0054375)^-360
= 185000[(.0054375)/1-(0.142)
= 185000[(.0054375)/(.858)
= 185000(0.00634)
= 1,172.37
Answer: $1,172.37
Answer:
I think its -18 degrees F
Step-by-step explanation:
i think its -18 degrees F if its not tell me in the comments
Answer:
Keep it
Step-by-step explanation:
When you have an equation that has a remainder all you need to do is write down r+ remainder and the number that is THE remainder.
Remainders are just numbers that don't fit into the whole so you could probrably write it as a decimal if that is what it is asking.
If you know the slope and a point, the best option is to represent the line in the point-slope form which is:
(y-y1)=m(x-x1), where (x1,y1) is the point and m=slope
Answer:
Step-by-step explanation:
Let x represent the rate at which the ticket is sold and let y represent the number of tickets sold at that rate.
When x = 4, y = 800
This means that the income from gate takings at this rate is 4 × 800 = $3200
For each 1 dollar increase in the gate fee,management expects 100 fewer customers to buy tickets. It means that the amount earned would be (x + 1)(y - 100)
For the amount to be $3500, it means that
(x + 1)(800 - 100) = 3500
700(x + 1) = 3500
x + 1 = 3500/700 = 5
Therefore, management should charge $5 per person for gate fee so that it collects 3500 dollars from gate takings.