9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
This is one example of a trinomial with a leading coefficient of 3 and a constant term of -5
The answer is 33.3 repeating
Answer:
$47
Step-by-step explanation:
Given: Store manager have predicted that 150 blanket can be sold at $32 each.
Also he has predicted sales of 2 blanket will decrease with $1 increase in price.
Now, finding price at which 120 blanket can be sold.
As we know cost of 150 blanket is $32 and we are finding for 120 blanket, which mean we have to increase price to decrease sales.
∴ 
Using unitary method to find correct price.
For 2 decrease in sales = $1 increase in price
∴ 30 decrease in sales of blanket = $15 increase in price
Next, price of 120 blanket = 
Price\ of\ 120\ blanket = 
∴ $47 should be the price for at least 120 blanket to be sold.
Answer:
Maura runs faster
Step-by-step explanation:
Set them up as fractions:
miles / hours, then divide to
compare the results:
Maura: 5 / 1.25 = 4 MPH
Ava: 3 / .83 = 3.6 MPH