I think it’s -1 because with rise/run it goes down 2 and over 2 but the line is going down, so it’s negative.
Answer:
$403.15
Step-by-step explanation:
Principal loan amount is the total amount minus down-payment:
Knowing that 
, the monthly payments can be calculated using the formula:
![M=P[\frac{r(1+r)^n}{(1+r)^n-1}]\\\\=23000\frac{(0.006658(1.006658)^{72}}{1.006658^{72}-1}\\\\=403.15](https://tex.z-dn.net/?f=M%3DP%5B%5Cfrac%7Br%281%2Br%29%5En%7D%7B%281%2Br%29%5En-1%7D%5D%5C%5C%5C%5C%3D23000%5Cfrac%7B%280.006658%281.006658%29%5E%7B72%7D%7D%7B1.006658%5E%7B72%7D-1%7D%5C%5C%5C%5C%3D403.15)
Hence, the monthly payment is $403.15
Since we are looking for the principal amount, then all we have to do is reverse the process of getting the amount of tax. In order to get the principal, you just have to divide 22 with 0.05. The answer is 440 so that is the principal amount you are looking for.
The answer is Thursday and Sunday hope this helps :D
