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zimovet [89]
3 years ago
9

What is the slope of the line through point (2/3, 4/7) and (2/3, 11/7)

Mathematics
1 answer:
mart [117]3 years ago
6 0
\bf \begin{array}{ccccccccc}
&&x_1&&y_1&&x_2&&y_2\\
%  (a,b)
&&(~ \frac{2}{3} &,& \frac{4}{7}~) 
%  (c,d)
&&(~ \frac{2}{3} &,& \frac{11}{7}~)
\end{array}
\\\\\\
% slope  = m
slope \implies 
\cfrac{\stackrel{rise}{ y_2- y_1}}{\stackrel{run}{ x_2- x_1}}\implies \cfrac{\frac{11}{7}-\frac{4}{7}}{\frac{2}{3}-\frac{2}{3}}\implies \cfrac{\frac{7}{7}}{0}\implies \cfrac{1}{0}\impliedby un de fined
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Find the monthly payment for the loan. Finance $500,000 for an apartment complex with a 12.3% 10-year loan.
Marina86 [1]

Using it's formula, it is found that the monthly payments for the loan of the apartment is of $7,260.50.

<h3>What is the monthly payment formula?</h3>

It is given by:

A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}

In which:

  • P is the initial amount.
  • r is the interest rate.
  • n is the number of payments.

In this problem, the parameters are given as follows:

P = 500000, r = 0.123, n = 12 x 10 = 120.

Hence:

r/12 = 0.123/12 = 0.01025.

Then, the monthly payments will be of:

A = P\frac{\frac{r}{12}\left(1 + \frac{r}{12}\right)^n}{\left(1 + \frac{r}{12}\right)^n - 1}

A = 500000\frac{0.01025(1+0.01025)^{120}}{(1+0.01025)^{120} - 1}

A = 7260.50.

More can be learned about the monthly payment formula at brainly.com/question/26267630

#SPJ1

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