Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
Answer:
10.4 to nearest tenth.
Step-by-step explanation:
If we draw lines from the centre of the circle to each vertex of the hexagon we get 6 equilateral triangles of side length 2.
Altitude of each triangle = sqrt(2^2 - 1^2)
= sqrt3.
So the area of 1 triangle = 1/2 * 2 * sqrt3
= sqrt3
Therefore the area of the hexagon = 6 * sqrt3
= 6sqrt3
= 10.3923
Answer:m =-1
Step-by-step explanation:
To solve m=-(4+m)+2
Open the brackets
m=-4-m+2
Collect like terms
m+m=-4+2
2m=-2
Divide through by -2
m=-1