Given:
P = $8000, the principal
r = 5.99% = 0.0599, the interest rate
t = 60 months = 5 years, the duration
Assume n = 12, monthly compounding.
n*t = 12*5 = 60
r/n = 0.0599/12 = 0.004992
The total value of the loan is
A = P(1 + r/n)⁶⁰
= 8000(1.004992)⁶⁰
= 10785.434
Monthly payment = 10785.434/60 = $179.76
Answer: $179.46
Answer:
Step-by-step explanation:
a: is not proportional
because you cant divide any of the tope numbers by the bottom numbers so u can leave the thing blanc.
b: is proportional
becuase you can divide the top and bottom by 30 so the answer is 30
hope this help :)
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