What it Means...
If you borrow $32,000 at 1.99% for 5 years, your monthly payment will be $560.75.
The payments do not change over time. The loan amortizes over the repayment period, meaning the proportion of interest paid vs. principal repaid changes each month. As the loan amortizes, the amount of monthly interest paid decreases while the amount of principal paid increases.
<span>Loan Amount: $32,000
Term (years): 5 (60 Months)
Annual Interest Rate (%): 1.99%</span> Monthly Payment = $560.75
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<span>Amortization Schedule</span>
Answer:
See below
Step-by-step explanation:
This is a system of equations. That means you are trying to find the point that makes both lines true at the same time.
To do this you have to solve for one variable at a time. Luckily, these equations already have one variable that will cancel. If you add 2x and -2x, you get 0. I'm going to line these up like a vertical math problem to show you how it works.
-2x + 3y = 12
2x +3y = 0 Add together
-------------------
0x + 6y = 12 Simplify by removing the 0x
6y =12 Divide both sides by 6 to solve for y
y = 2
Plug 2 in for y in one of the original equations.
2x + 3(2) = 0
2x + 6 = 0 Subtract 6 from both sides
2x = -6 Divide by 2 to solve for x
x = -3
The point that makes both lines true is (-3,2). This is where the lines intersect.
Answer:
the area of the front face would be 40 square inches.
Step-by-step explanation:
to find the are of a rectangle, you multiply the length times the width. we can see that the length is 8 inches at the bottom of the front face and we can see that width is 5 inches next to the left side face. if we take those two numbers (5 and 8) and multiply them, we get 40. all you have to do after that is add "square inches" to the end because when you find the area of something, it will be squared and the measurement used in inches.
Answer:
Maylin should purchase one unit of each socks & jogging shorts.
Step-by-step explanation:
In case of two goods, consumer is at equilibrium when marginal utility per dollar spent on last unit of the goods are equal, ie MU 1 / P1 = MU 2 / P2 (MU are the marginal utilities / marginal benefit of two goods, P are the price of two goods)
Given : MU1 (So) = 20, MU2 (JSh) = 30, P1 (So) = 10, P2 (JSh) = 15
So, equilibrium is at where MU1 (So) / P1 (So) = MU2 (JSh) / P2 (Jsh)
20/10 = 2, & 30/15 = 2. MU's per dollar are equal for both.
So Maylin is in equilibrium, she should purchase one unit of each socks & jogging shorts.