4 years ago

Which is the best estimate of each percent 48% of 199

Mathematics

1 answer:

Gemiola [76]4 years ago

7 0

95.52 is the correct answer

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The monthly amortization is P23,511.63

<h2>Compound interest</h2>

The formula for calculating the compound interest is expressed as:

$A = P(1+r/n)^t$

whrere:

P is the principal = P700,000
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t is the time = 4 years
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Substitute the parameters

$A = 700000(1+0.12/12)^{4(12)}\\
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Calculate the monthly payment:

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Learn more on compound interest here: brainly.com/question/24924853

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