Since there was a down payment, the actual amount borrowed was
Amount borrowed, P=125000-25000=100000
interest, i = 4% (APR) = 0.04/12 per month (ASSUME compounded monthly)
Monthly payment = $577
To find the amortization portion of the first payment, we need the interest accumulated at the end of the first month (first payment)
= 100000*(0.04/12) = 333.33 (nearest cent)
Therefore amortization portion = $577-333.33 = 243.67 (to the nearest cent)
(by the way, if we need to know the amortization period, we have to use the amortization formula and estimate the number of months, n to give a monthly payment of 577 for the given principal. n can be calculated as 259.04 months, or over 21 years and 7 months).
Answer: $7,358
Step-by-step explanation: $26 * 283 (each student) =7,358 dollars
So if the number is positive then the opposite is negative, vice versa.
opposite of 4 is -4
opposite of -5 is 5
A right angle is 90 degrees so if you want 2/4 or 1/2 of it you would multiply 90 by .5(or 1/2 if you like fractions) the answer is 45 degrees.
