Answer:
The horizontal value in a pair of coordinates: how far along the point is. The X Coordinate is always written first in an ordered pair of coordinates (x,y), such as (12,5). In this example, the value "12" is the X Coordinate. Also called "Abscissa"
The total loan payment = 300,000 * 10 Years = $3,000,000
There is a total loan cost formula solved for principal:
principal = (Total - Total * ((1 + rate)^ - # of years * 12) / (rate * # of years * 12)
The rate is the monthly loan rate = rate / 1,200 = 8 / 1,200 =
.0066666666...
principal =(3,000,000 - 3,000,000 * (1.0066666666)^-120) / (.0066666666 * 120)
<span>principal =(3,000,000 - (3,000,000 * 0.4505234643) / .8
</span>
principal =(3,000,000 -
<span>
<span>
<span>
1,351,570.39) / .8
</span></span></span>
<span>principal = 1,648,429.61</span> / .8<span><span>
</span>
</span>
<span><span>
</span>
</span>
<span><span><span>
</span></span></span><span><span><span>principal = 2,060,537.01
</span>
</span>
</span>
Source:
http://www.1728.org/loanfrm4.htm
Answer:
thankssssssss
Step-by-step explanation:
Answer:
D
Step-by-step explanation:
27÷3=9
At the time of her grandson's birth, a grandmother deposits $12,000.00 in an account that pays 2% compound monthly. What will be that value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawls are made during the period.
---
A(t) = P(1+(r/n))^(nt)
---
A(21) = 12000(1+(0.02/12))^(12*21)
---
A(21) = 12000(1.5214)
---
A(21) = #18,257.15