2 years ago

Which scales are equivalent to 1 inch to 1 foot? Select all that apply.

Mathematics

1 answer:

Serjik [45]2 years ago

6 0

I’m positive the awnser would be b

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3 years ago

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3 years ago

What is 0.71 as a fraction in simplest form

nataly862011 [7]

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3 years ago

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Enos took out a 25-year loan for $135,000 at an APR of 6.0%, compounded monthly, and he is making monthly payments of $869.81. W

Alborosie

Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81

Future value of loan after 16 years
$F=P(1+i)^n$ [compound interest formula]
$=135000(1+.005)^{16*12}$
$=351736.652$

Future value of payments after 16 years
$\frac{A((1+i)^n-1)}{i}$
$=\frac{869.81((1+0.005)^{16*12}-1)}{0.005}$
$=279287.456$

Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20

Note: the exact monthly payment for a 25-year mortgage is
$A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}$
$=\frac{135000(0.005*(1+0.005)^{25*12}}{(1+0.005)^{25*12}-1}$
$=869.806892$

Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.

So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.

The closest choice is therefore <span>$72,449.19</span>

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2 years ago

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ahrayia [7]

The answer is C ! The total would be $59

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1 year ago

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