Answer:
Step-by-step explanation:
Principal amount = 30,000
I = 9% is compounded monthly ⇒ 0.09/12 = 0.0075
n= 10 years ⇒ 10* 12 = 120 periods
Formula for decreasing annuity payments is R =[ I/[1 - (1+I)^(-n)]] * P
R = 0.0075/[1 - 1.0075^(-120)] * 30,000 = $380, amount of each payment
Total amount paid is = 380*12*10 = 45600
Interest paid = Total amount - loan amount = 45600 - 30000 = 15600
Answer:
$25.96
Step-by-step explanation:
Answer:
y = $3.75(x) + .45$
Step-by-step explanation:
Take the input and subsitute
Answer:
120
Step-by-step explanation:
i did it