Answer:
$563.24
Step-by-step explanation:
The monthly payment on a mortgage loan is found using the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
where A is the monthly payment on a loan of P at interest rate r for t years.
Filling in the given values, we find the payment to be ...
A = $70,000×(0.09/12)/(1 -(1 +0.09/12)^(-12·30)) ≈ $563.236
The monthly payment is about $563.24.
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<em>Additional comment</em>
Many graphing calculators and all spreadsheets have functions that will do this calculation for you.
Answer:
a = -6/5
Step-by-step explanation:
For the graphs to be parallel the graphs should have same slope(m)
So we rewrite both our equations in the slope-intercept form then compare the slope to find the value of a like this,
This equation is the slope-intercept form we convert both our equations in this form firstly taking equation 1

so if we compare it with y = mx + b the coefficient of x is m and hence
m= -2/5 now solving for equation 2

so here if we compare it with y = mx + b the coeffienct of x is a/3 so since parallel lines have same slope by the formula:

we equation both the slope to each other to find the value of a like this,

so the value of a equals
a= -6/5
If you have the profit formula which is profit (x1, x2) = 110x1 + 150x2, then by substitution of the given point (x1, x2) = (0, 30), you can find the profit at the corner point profit (0.30 ) = 110 (0) + 150 (30) = 4500.Therefore the profit will be $ 4500
The equation is -5x = 4
x = -0.8