Answer111
Step-by-step explanation:i111
Answer:
(7, - 7 )
Step-by-step explanation:
- 4x + y = - 35 → (1)
- 2x - y = - 7 → (2)
adding the 2 equations term by term will eliminate the y- term
(- 4x - 2x) + (y - y) = - 35 - 7
- 6x + 0 = - 42
- 6x = - 42 ( divide both sides by - 6 )
x = 7
substitute x = 7 into either of the 2 equations and solve for y
substituting into (1)
- 4(7) + y = - 35
- 28 + y = - 35 ( add 28 to both sides )
y = - 7
solution is (7, - 7 )
Here you go I hope this helps.
The answer is c because the number of tickets (t) times the number of adults is the total cost
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.
