Answer:
0.186
Step-by-step explanation:
6.2
<u>x 0.0</u><u>3</u>
6
1
6.2
<u>x 0.0</u><u>3</u> since 6*3=18, we have to carry the 1
86
1
6.2
<u>x 0.0</u><u>3</u>
186
6.2
<u>x 0.</u><u>0</u><u>3</u>
186
0
6.2
<u>x 0.</u><u>0</u><u>3</u>
186
00
6.2
<u>x </u><u>0</u><u>.03</u>
186
00
0
6.2
<u>x </u><u>0</u><u>.03</u>
186
+ 00 add the partial products
<u> 0</u><u>0 </u>
00186
6.2
<u>x 0.</u><u>03</u><u> </u> count how many digits are after the decimal point from each factor =3 and place in product
186
+ 00
<u> 00 </u>
00.186=0.186
<em>answer=0.186</em>
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.
_____
<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
8.15×10^5
Step-by-step explanation:
8.15×10^5
8.15×100000
815000
