This should be the correct answer. i hope this helps you out.
have a nice and wonderful day :)
Answer:
m=3, n = 7
Step-by-step explanation:
Assuming m and n are integers, the following are the possible values of m and n
Let m = 1, then m³ = 1 and n= 189
If m = 2 we get 8n = 189 and 189/8 is not an integer so m ≠ 2
If m = 3, we get 27n = 189 and n = 189/27 = 7
Any higher integer values of m will not result in n being an integer and I am assuming m > 1 so the correct answer is m=3, n = 7
Answer:
1. The monthly payment is $689.5
2. The total amount to be paid is
$224,580.
Step-by-step explanation:
Salsa and Corn Broom all reached an agreement upon the price of $197,000.
- The plan on making a 30 percent down payment. This implies that the will pay 0.3 × $197,000 = $59,100
This leaves them with
$197,000 - $59,100
= $137,900 to pay.
The plan on financing this remaining amount at 6 percent for 20 years.
This means they will pay
0.06 × $137,900 = $8,274 for 20 years. This translates to the payment of $8,274 × 20 = $165,480 across the 20 years.
1. The monthly payment is the yearly payment divided by 12.
Which is $8,274 ÷ 12 = $689.5
2. The total amount to be paid is
$165,480 + $59,100
= $224,580.
