Answer:
$198,859.03
Step-by-step explanation:
The amortization formula is good for this. Fill in the given numbers and solve for the unknown.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, n is the number of times per year interest is compounded, and t is the number of years.
1340.00 = P(0.0525/12)/(1 -(1 +0.0525/12)^(-12·20)) ≈ 0.00673844·P
P ≈ 1340/0.00673844 ≈ $198,859.03
The family can afford a loan for $198,859.
I can't see what expressions you had posted. Maybe you didn't typed it out, but 649*36=23364
Answer: 16
Step-by-step explanation:
let a = your present age
a = 2(a+4) - 2(a-4)
a = 2a + 8 - 2a + 8
a = 2a - 2a + 8 + 8
a = 16 yrs is your age
7/8+(−2/3) divided by 5/6
(7/8 - 2/3)/(5/6)
=(21/24 - 16/24) / (5/6)
= (5/24) / (5/6)
= 5/24 * 6/5
= 6/24
= 1/4
