Answer:
- payment: $413.93
- total repaid: $74,507.40
- interest: $22,507.40
Step-by-step explanation:
(a) The monthly payment A on principal P at monthly rate r for n months can be computed using ...
A = Pr/(1 -(1+r)^-n)
For P=$52000, r = .051/12 = 0.00425, n = 12*15 = 180, the payment is ...
A = $52000·0.00425/(1 -1.00425^-180) ≈ $413.93
(b) The total of 180 payments is ...
180 · $413.93 = $74,507.40
(c) The difference from the principal is the interest paid:
$74,507.40 -52,000 = $22,507.40
Answer: 2 1/4
Because...
6x3=18
so... 18/8 into a mixed fraction and simplified is 2 1/4
Answer:
32
Step-by-step explanation:
2^5=?
2x2=4x2=8x2=16x2=32
Distribute -10
-10n - 50 = 40
Add 50 to both sides
-50 + 50 would cancel
- 50 + 40 = -10
Divide by -10
-10/-10 = 1
N=1
So it's actually 0.36363636... with the 36 repeating, right?
<span>Here's a technique for converting repeating decimals to fractions: </span>
<span>N = 0.3636363636... </span>
<span>100N = 36.36363636... </span>
<span>This means 100N - N = (36.363636...) - (0.36363636...). This simplifies to 99N = 36, because the "0.36363636..." parts of both numbers on the right cancel each other out. </span>
<span>Solving this for N gives </span>
<span>N = 36/99, or 4/11 </span>
<span>If you take a calculator (or use long division) and divide 4 by 11, you'll see that it's 0.36363636...</span>
