Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
Answer:
um hi I don't know what to say so I put a picture of my dog
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Here are the answers.
6. 63/100
7. 75/100 = 3/4
8. 91/100
9. 18/100 = 9/50
10. 3/100
11. 25/100 = 1/4
12. 5/100 = 1/20
13. 16/100 = 4/25
14. 1/100
15. 79/100
16. 40/100 or 4/10 = 2/5
17. 99/100
18. 30/100 or 3/10 = 3/10
19. 15/100 = 3/20
20. 84/100 = 21/25
I hope you find this answer the most helpful! :)
