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vovikov84 [41]
3 years ago
14

A $104.000 selling price with $24.000 down at 81/2% for 25 years results in monthly payments of

Mathematics
2 answers:
Vinil7 [7]3 years ago
4 0
 The monthly payment would be $289.33

$104,000 - $24,000 = $80,000
$80,000 x %8.5 interest = $6,800
$80,000 + $6,800 = $86,800  (total being paid back)
12 (total of months in a year) x 25 (number of years) = 300
Divide $86,800 by 300 and your monthly payment is $289.33
aksik [14]3 years ago
3 0
Pv=104,000−24,000=80,000
Now use the formula of the present value of annuity ordinary
Pv=pmt [(1-(1+r/k)^-kn)/(r/k)]
Solve for pmt
Pmt= ?
Pv=80000
R 8+1/2=8.5%
K monthly 12
N 25 years
Plug in the formula above then solve for pmt

Pmt=80,000÷(((1−(1+0.085÷12)^(
−12×25))÷(0.085÷12)))=644.18
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There are 90 different identification numbers possible.

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In terms of mathematical concepts, “permutation” and “combination” are related to each other.

The combination is the counting of selections that we make from n objects.

Oscar was not safeguarding his personal identification and chose a two-digit PIN for his debit card using the numbers 0 - 9.

There are 10 possible values for each digit of the PIN (namely: 0, 1, 2, 3, 4, 5, 6, 7, 8, 9), so there are;

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Answer: 1/6

Step-by-step explanation:

<u>Given:</u>

4/9 and 11/18

<u>Solve:</u>

<em>STEP ONE: Make the denominators equal by determining the LCM</em>

LCM = Least Common Multiple

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