The monthly amortization is P23,511.63
<h2>Compound interest</h2>
The formula for calculating the compound interest is expressed as:
whrere:
- P is the principal = P700,000
- r is the rate = 12% = 0.12
- t is the time = 4 years
- n = 12
Substitute the parameters
Calculate the monthly payment:
Monthly payment = 
Hence the monthly amortization is P23,511.63
Learn more on compound interest here: brainly.com/question/24924853
Answer:
y= 1/15.735. y is o.o64 character so one half is your answer
Answer:
I think that the answer is C. 9^24
I believe your answer is going to be -6 7/3. Reciprocals are the opposites of a number, so I switched the sign on the 6 and made it -. When dealing with fractions, the reciprocal is essentially just flipping the numerator and denominator, which is how I got 7/3.
I hope I helped. Best of luck!
The answer is 1.2 hope this helped ;)
