Answer:
It should be easy to complete.
Step-by-step explanation:
1/2
Answer:
X = 16
Step-by-step explanation:
<h3>Yes, to solve this equation </h3><h3>Add both side by 4 </h3>
Answer:
2m-7
Step-by-step explanation:
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
