The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Here’s your answer the A/= it means the answer is okay.
8,000 x .80= 6,400
8,000-6,400= 1,600
1,600-1,000= 600 that is the amount of tuition she will need to pay each year.
Answer:
The balcony seat costs $9, the orchestra seat costs $9 + $6 = $15.
Step-by-step explanation:
Let x is the cost/price of one balcony seat, in dollars.
Then the cost of one orchestra seat is (x+6) dollars, according to the condtion.
The total cost of tickets is
250x + 400*(x+6) = 8250.
Simplify it step by step.
250x + 400x + 2400 = 8250,
650x = 8250 - 2400 = 5850 ====> x = 5850/650 = 9.
Answer. The balcony seat costs $9, the orchestra seat costs $9 + $6 = $15.
Check. 9*250 + 15*400 = 8250. Correct.
