Answer:
C
Step-by-step explanation:
Since all the graphs have the same line, you’re just looking for the correct shaded region. Since for both equations you want the shaded region to be less than the line, answer c solves the inequality.
Part A: monthly payment
Initial loan after downpayment,
P = 320000-20000= 300,000
Interest rate per month,
i = 0.06/12= 0.005
Number of periods,
n = 30*12= 360
Monthly payment,
A = P*(i*(1+i)^n)/((1+i)^n-1)
= 300000(0.005(1.005)^360)/(1.005^360-1)
= 1798.65
Part B: Equities
Equity after y years
E(y) = what they have paid after deduction of interest
= Future value of monthly payments - cumulated interest of net loan
= A((1+i)^y-1)/i - P((1+i)^y-1)
= 1798.65(1.005^y-1)/.005 - 300000(1.005^y-1)
= (1798.65/.005-300000)(1.005^y-1)
Equity E
for y = 5 years = 60 months
E(60) = (1798.65/.005-300000)(1.005^60-1) = 18846.17
for y = 10 years = 120 months
E(120) = (1798.65/.005-300000)(1.005^120-1) = 45036.91
y = 20 years = 240 months
E(240) = (1798.65/.005-300000)(1.005^240-1) = 132016.53
Check: equity after 30 years
y = 30 years = 360 months
E(360) = (1798.65/.005-300000)(1.005^360-1) = 300000.00 .... correct.
Answer:
C and D
Step-by-step explanation:
As determinant of this quadratic equation is given by-
(-b±√(b²-4ac))/2a
Answer:
93.8 times
Step-by-step explanation:
÷ 

goes into
93.8 times
Answer:
y = 3x + 7
Step-by-step explanation:
When lines are parallel, the slope is the same but the y-intercept is not
The blue line is the graph for y = 3x + 2
The slope for the line is 3/1
So the slope for the line containing (-2,1) should be 3/1
I plotted (-2,1) and used the Rise/Sun (3/1) to find a point on the y-axis, the teal point.
I graphed the line in yellow
In y=mx + b, b = 7, and mx = 3x
So the equation is y = 3x + 7
If my answer is incorrect, pls correct me!
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-Chetan K