For this problem, we will be using the formula for loan:
PMT=P[(r/n)/1-(1+r/n)^-ny]
where:
P=Principal Value
r=rate
n=number of compoundings/year
y=year
To solve:
*Weston is only financing $185,000.
P=$185,000
r=6.525% or 0.06525
n=12 (monthly)
year=30
PMT=185000[(0.06525/12)/1-(1+0.6525/12)^-12*30
= 185000[(.0054375)/1-(1+.0054375)^-360
= 185000[(.0054375)/1-(1.0054375)^-360
= 185000[(.0054375)/1-(0.142)
= 185000[(.0054375)/(.858)
= 185000(0.00634)
= 1,172.37
Answer: $1,172.37
It would be < and > ........
Answer:
x = 83/3
Step-by-step explanation:
1/2(3x - 9) = 37
3x - 9 = 37 x 2
3x - 9 = 74
3x = 83
x = 83/3
Answer:
6 and 8
Step-by-step explanation:
have a great day luv
