9514 1404 393
Answer:
- monthly payment $690.25
- total interest $123,490
- total repaid $248.490
- difference from rent $9.75
Step-by-step explanation:
Frank's monthly payment will be $690.25.
The total of all payments will be $690.25 × 360 = $248,490.00.
The interest Frank will pay is $248,490 -125,000 = $123,490.00.
The difference between Frank's rent and his loan payment is ...
$700 -690.25 = $9.75
No he is not because 0.5 would be 0.50 and 0.05 is lower than 0.5
Answer:
No
Step-by-step explanation:
Answer:
15
Step-by-step explanation:
15
The slope is 1, so m = 1.
The given point is (x,y) = (1,5) which means x = 1 and y = 5 pair up together.
Plug the three pieces of info (m = 1, x = 1, y = 5) into the y = mx+b equation. Then solve for b
y = mx+b
y = 1*x + b ... replaced m with 1
5 = 1*1 + b .... replaced x with 1, replaced y with 5
5 = 1+b
1+b = 5
b+1 = 5
b+1-1 = 5-1
b = 4
Since m = 1 and b = 4, we know that y = mx+b turns into y = 1x+4 which simplifies to y = x+4
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Answer: y = x+4
