Since there was a down payment, the actual amount borrowed was
Amount borrowed, P=125000-25000=100000
interest, i = 4% (APR) = 0.04/12 per month (ASSUME compounded monthly)
Monthly payment = $577
To find the amortization portion of the first payment, we need the interest accumulated at the end of the first month (first payment)
= 100000*(0.04/12) = 333.33 (nearest cent)
Therefore amortization portion = $577-333.33 = 243.67 (to the nearest cent)
(by the way, if we need to know the amortization period, we have to use the amortization formula and estimate the number of months, n to give a monthly payment of 577 for the given principal. n can be calculated as 259.04 months, or over 21 years and 7 months).
Answer:
7:8
Step-by-step explanation:
150-80=70
80= women
70=men
divide both by 10
8/7
out into a ratio of men to women.
7:8
Answer:
Step-by-step explanation:
I bought 12 pounds of coffee. I used 1/4 of the coffee in a week. How many pounds did i used in a week??
Answer:
Step-by-step explanation:
Good evening ,
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the ratio of pieces of chocolate without nuts to pieces of chocolate with nuts:
20:12 = (20:4) : (12:4) = 5:3.
Then the correct answer is D.
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:)
Answer:
the 92nd term of the arithmetic sequence is 731 because the common difference between them is 8.
