Answer:
A = $32,652.44
Step-by-step explanation:
Given: Principal (P) = 30,760.08, Annual Rate (R) = 12%, Time (t in years) = 0.5
To find: How much David needs to invest monthly
Formula: 
Solution: To find, simply add principal + interest
First, convert R as a percent to r as a decimal
r = R/100
r = 12/100
r = 0.12 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 30,760.08(1 + 0.12/12)(12)(0.5)
A = 30,760.08(1 + 0.01)(6)
A = $32,652.44
Therefore;
The total amount David will obtain with 30,760.08 for 6 months, 12%is $32,652.44.
Answer:
<u>160 ounces</u>
Step-by-step explanation:
A pound = 16 ounces
16x10=160 ounces
Answer:
25≥ w
i dont have the inquality sign
Step-by-step explanation:
multiply both sides by 5/4
Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
