Answer:
Yes
Step-by-step explanation:
What would you do if he said ok so he said yes would go?
I told him god bless him and to keep working in his vocabulary.
Answer:
$13087.92
Step-by-step explanation:
formula: ab^x
a= starting amount
a= 5072
b= 1+r
r=rate
r=9%=0.09
b=1+0.09 =1.09
x= 11 (years)
account after 11 years:
= 5072(1.09)^11
=13087.9227277
= 13087.92
Answer:
Step-by-step explanation:
3y = -x + 6
y = -1/3x + 2
y - 3 = -1/3(x + 1)
y - 9/3 = -1/3x - 1/3
y = -1/3x + 8/3
Answer:
$1166.08 is the monthly payment for the mortgage per month.
Step-by-step explanation:
The meaning of this stated formula on the statement is the present annuity formula because we will have future monthly payments on the mortgage of the house in which they pay off the present value of the house which is $240000 x 80% = $ 192000 as this amount will excludes the down payment of 20% that is made.
We are given Pv the present value which excludes the down payment $192000.
We have the interest rate i which is 1.2%/12 as it is compounded monthly.
n is the number of payments made over a period which is 12 x 15 years= 180 payments as it is compounded monthly.
no we substitute the above mentioned information to the present value annuity formula stated to calculate R the monthly payment:
Pv = R[(1-(1+i)^-n)/i]
$192000 = R[(1-(1+(1.2%/12))^-180)/ (1.2%/12)] divide both sides by the coefficient of R
$192000/[(1-(1+(1.2%/12))^-180)/(1.2%/12)] = R
$1166.08 =R which this is the amount that will be paid for the mortgage every month for 15 years.
Answer:
The answer is 0.527
Step-by-step explanation:
I hope this helps, if it doesn't then just message me and ill be more than happy to help :)
