P=1560000
APR=5.6%
monthly interest, i=5.6%/12=7/1500 [fractions keep exact values]
R=1+i=1+7/1500
# of periods, n=30 years = 360 periods
monthly payment, A
A=PR^n(i)/(R^n-1)
=1560000*(1+7/1500)^360*(7/1500)/((1+7/1500)^360-1)
=$8955.632
At the end of eight years,
number of periods, n1 = 8*12 = 96
If paid off at the end of 8 years, value of loan then
future value of principal
F1=PR^n1=1560000*(1+7/1500)^96=2439135.635
future value of payments
F2=A(R^n1-1)/i=8955.632*(1+7/1500)^96-1)/(7/1500)=1081485.620
Therefore the balloon payment
= future value of principal (owing) - future value of payments (paid)
=F1-F2
=2439135.635-1081485.620
=1357650.0152
Round to two places after decimal to get final answer.
Answer:
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Step-by-step explanation:
Answer:
While slavery was the major issue separating the North and South, it was not slavery itself that sparked the conflict. The South wanted to secede from the Union, and the North refused. While President Abraham Lincoln personally opposed slavery, he recognized that it was legal under the U.S. Constitution at the time. He also recognized that few in the North were ready to go to war to free the slaves. For Lincoln and the northern majority, preservation of the Union was the foremost goal.
Hello there!
The larger integer is 114.
x + (x + 2) = 226
Combine like terms
2x + 2 = 226
Subtract 2 from both sides
2x = 224 Divide
x = 112
The two integers are 112 and 114. But they asked us for the lager integer. So 114 is the answer.
I hope this helps! As always, it is my pleasure to help students like you!
Answer:
Step-by-step explanation:
x/2-5=x/4 +2
x/2-x/4=2+5
x*4-x*2/8=7
4x-2x=8*7
2x=56
x=56/2
x=28
