Ask question

Ask question

All categories

3 years ago

12

Consider a 30-year mortgage at an interest rate of 8% compounded monthly with a $1200 monthly payment. What is the loan amount (

present value)?

1 answer:

Drupady [299]3 years ago

3 0

Total = 1200 $( 1+ \frac{0.08}{12} )^{30}$ = $1464.71

You might be interested in

When adding to integers with different signs, how do you find the sign?

navik [9.2K]

Answer:

the largest number would be the sign that that number has

Step-by-step explanation:

4 0

3 years ago

Write the equation of the line that passes through the points (-9,-5) and (-2,3). Put your answer in fully reduced point-slope f

dybincka [34]

Answer:

y= 8/7x+ 37/7 for the equation that the line passes

5 0

3 years ago

If 120 customers have bought tickets today, how many free tickets has the manager given away

Svetach [21]

You need to include more information

8 0

3 years ago

How do you solve 3(y-4)-7y

Nastasia [14]

Answer:

-4y -12

Step-by-step explanation:

We cannot solve, but we can simplify

3(y-4)-7y

Distribute the 3

3y -12 -7y

Combine like terms

3y-7y -12

-4y -12

8 0

3 years ago

Figure LMNO is located at L (1, 1), M (4, 4), N (7, 1), and O (4,-2). Use coordinate geometry to best classify quadrilateral LMN

emmainna [20.7K]

Answer:

Its a square. if you graph it, you would see.

Step-by-step explanation:

7 0

3 years ago