Answer:
a) $1199.10
b) interest: $1000.00
c) principal: $199.10
Step-by-step explanation:
a) The monthly payment can be found using a financial calculator or using the amortization formula:
A = P(r/12)/(1 -(1+r/12)^(-12t))
for Principal P, annual interest rate r, and time t years.
Filling in the given values and doing the arithmetic yields ...
A = $200,000(0.06/12)/(1 -(1+0.06/12)^(-12·30)) = 1000/(1 -1.005^-360)
A ≈ $1199.10
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b) The first month's interest is the monthly interest rate times the initial loan balance:
= (0.06/12)·(200,000) = 1000.00 . . . . dollars in interest
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c) The first month's payment to principal is the difference between the payment amount and the amount to interest:
$1199.10 -1000 = $199.10 . . . . . first month's payment on principal
Answer:
$32
Step-by-step explanation:
To find the commission, multiply the rate by the sales:
commission = 5% × $640 = $32
He made $32 in commission.
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<em>Additional comment</em>
Many calculators and all spreadsheets can work with percentages directly. If yours can't, or if you can't do this arithmetic mentally, you can use the equivalent decimal or fraction for 5%.
5% = 5/100 = 0.05 = 1/20
Then 5% × $640 = $640/20 = $64/2 = $32.
Answer:
Using x=5, then x exponent 2 = 5 exponent2 =5 x5 = 25 1 exponent5=1x1x1x1x1=1 5 exponent 1 = 5 my sister said the answer is 162 you could try that
The rate of change is -50 based on the information given.
You would have to substitute the amount of months into the equation for x to properly determine the average rate of change, which is not posted in this question.
Answer:
Step-by-step explanation:
∠3 = 180 - ∠1 {linear pair}
= 180 - 105
= 75°
∠2 = ∠3 {Corresponding angles"
∠2 = 75
