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!
Answer:
A. 4
B. 8
Step-by-step explanation:
<span>A) -12x - y = 6
</span><span>
B) 17x + y = 4
</span>Adding both equations:
5x = 10
x = 2
Since x =2
<span>17x + y = 4
</span>
17 * 2 + y = 4
y = 4 -34
y = -30
<span />
What magic trick??
Are you gonna do a magic??
Sorry for a lot of questions.
Use the equation:
10x + 23 = 100
Subtract 23 from each side:
10x = 77
EVENLY divide by 10, leaving a remainder:
x = 7 charities and $7 left over
Hope this helps!! :)