Answer:
-5
Step-by-step explanation:
considering they are counting in whole numbers it should be -5
Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
I believe this would be 51
Answer:
U did not add a picture but if u do I will help.
Step-by-step explanation:
It should be 8 to the right and 12 to the left which should end at -4
Answer: An insurance premium is the amount of money an individual or business pays for an insurance policy. Insurance premiums are paid for policies that cover healthcare, auto, home, life, and others.
Step-by-step explanation:
