The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
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15/24 = 5/8
15 hours out of 24 hours.!!!!
5/8 of a day, or 0.625 as a decimal.
in minutes, it's 900/1,440
Hope this helps!!!!!
Answer:
One answer would be -2.155.
Answer:
1.05
Step-by-step explanation:
3.5x.30=1.05