Sean and Greg share a 24-ounce bucket of clay. By the end of the week, Sean has used 3 8 of the bucket, and Greg has used 1 4 of
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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:
whrere:
- P is the principal = P700,000
- r is the rate = 12% = 0.12
- t is the time = 4 years
- n = 12
Substitute the parameters
Calculate the monthly payment:
Monthly payment =
Hence the monthly amortization is P23,511.63
Learn more on compound interest here: brainly.com/question/24924853
Answer:
<h2>k(-1) = 7</h2>Step-by-step explanation:
Look at the picture.
