Amount to be paid back = $ 88,624.36
<u>Step-by-step explanation:</u>
Principal amount = $ 40,000
Rate of interest = 7.5%
Number of years = 11
Plugin the values as,
Answer:
it is the second one, number zero does not have an opposite
Step-by-step explanation:
<h3>
Answer: $1067.45</h3>
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Work Shown:
L = 165000 = loan amount or amount financed
r = 0.06725 = annual interest rate in decimal form
i = r/12 = 0.06725/12 = 0.005604167
i = 0.005604167 = approximate monthly interest rate in decimal form
n = number of months = 30*12 = 360 months
P = unknown monthly payment
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Apply the monthly payment formula
P = (L*i)/( 1-(1+i)^(-n) )
P = (165000*0.005604167)/(1-(1+0.005604167)^(-360))
P = 1067.44636311118
P = 1067.45
8.77 x 10^1 i believe but would double check
The answer will be amount of mass in a certain volume .
