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:
and ecg
Step-by-step explanation:
alr i got it correct on mine hope this helps
Answer:
34.99
Step-by-step explanation:
22.38 divided by 2= 11.19 24.80 + 11.19= 34.99
hope this helps you :) have a great day and stay safe!
Answer:
<h2>x = 4.8</h2>
Step-by-step explanation:
Answer:
14•7=98
Step-by-step explanation:
think its help have a good day
