Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
Answer:
k=-\frac{-6e+77}{4}
Step-by-step explanation:
Answer:
-31
Step-by-step explanation:
-2((c+5)/(-2))=13*-2
c+5=-26
c=-31
5x + 5/4 = x - 3/9
5•x + 5/4 = x - 3/9
144x = -57
x = -19
48
≈ -0.395833
Answer:
1 whole or 6/6
Step-by-step explanation: