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Using it's formula, it is found that the monthly payments for the loan of the apartment is of $7,260.50.
<h3>What is the monthly payment formula?</h3>It is given by:
In which:
- P is the initial amount.
- r is the interest rate.
- n is the number of payments.
In this problem, the parameters are given as follows:
P = 500000, r = 0.123, n = 12 x 10 = 120.
Hence:
r/12 = 0.123/12 = 0.01025.
Then, the monthly payments will be of:
A = 7260.50.
More can be learned about the monthly payment formula at brainly.com/question/26267630
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<u>Given</u>:
Given that the graph OACE.
The coordinates of the vertices OACE are O(0,0), A(2m, 2n), C(2p, 2r) and E(2t, 0)
We need to determine the midpoint of EC.
<u>Midpoint of EC:</u>
The midpoint of EC can be determined using the formula,
Substituting the coordinates E(2t,0) and C(2p, 2r), we get;
Simplifying, we get;
Dividing, we get;
Thus, the midpoint of EC is (t + p, r)
Hence, Option A is the correct answer.