Answer:
Annual interest rate for this loan. Interest is calculated monthly on the current outstanding balance of your loan at 1/12 of the annual rate.
Monthly loan payment is $400.76 for 60 payments at 7.5%.
Step-by-step explanation:
Calculate:PaymentAmount
?Loan amount:*Enter an amount between $0 and $100,000,000
$20,000
?Monthly payment:
$401
?Interest rate:*Enter an amount between 0% and 25%
7.5%
?Term in months:*Enter an amount between 1 and 480
60
Total interest paid:$4,045.51
Total payments:$24,045.51
Answer:
x=−3 and y=1
i used substitution.
Step-by-step explanation:
Answer:
Step-by-step explanation:
a^2 - b^2 factors into (a + b)(a - b)
So now you have
(a + b)(a - b)
========== = 12
(a + b)
You are given that a <> b
So a + b cancels with (a + b) on the top.
a - b = 12
1/8 divided by 2/1 - basically what the problem is asking.
find the reciprocal of 2/1, which is 1/2 then multiple 1/8 x 1/2 = 1/16