Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month
Answer:
-48
Step-by-step explanation:
order of operations
The answer will be $20,000.
Divide 7 and 9
7/9 = 0.77 (repeating)
0.77 (repeating) rounded would be 0.78
0.78 is your answer
hope this helps
y = mx + b, where m = slope, and b = y-intercept.
y = 3x + 3
y = 1/2x - 3
y = 1/2x + 3
y = 3x + 1/2
we can eliminate 2 and 4 since the y-intercept in the graph is shown as (0, 3)
This leaves us with
y = 3x + 3 and y = 1/2x+3
m = change in y / change in x
We take any two points on the line to find the slope.
I chose (2, 4), (0, 3)
change in x: 2 - 0 = 2
change in y: 4 - 3 = 1
m = 1/2
This leaves us with the only answer that has the slope of 1/2 and the y-intercept of 3.
option: 3
y = 1/2x + 3
