To solve this problem, we must use the Time Value of Money equation.
Future Value = Present Value * (1 + interest rate per month)^number of months
F = 35,000 * (1.02)^6 = 39,415.68
A. She will have to pay $39,415.68 altogether.
To find payment in interest, we must subtract the initial loan of $35,000 from $39,415.68
39,415.68 - 35,000 = 4,415.68
B. She will have to pay $4,415.68 in interest.
Usha and Parker should not take another debt to their current situation because their debt to income ratio (DIR) has exceeded the Basic Qualified Mortgage DIR for the common benchmark. The qualified mortgage debt to income ratio is 43% and Usha and Parker debt to income ratio is 47.9%. Debt to income ratio is calculated by dividing total personal debt with net income.
3.56 kilograms of pears.
3/5 of 8.9 is 5.34
8.9 - 5.34 = 3.56
Answer:
Step-by-step explanation:
0.126126126... = x
- 1000x = 126.126126...
- 1000x - x = 126
- 999x = 126
- x = 126/999= 42/333= 14/ 111
Numerator is 14
Correct answer is B.14
Answer:
13 weeks
Step-by-step explanation:
multiply $30 by 13 weeks you get $390 add the $210 and get $600
