Answer:
10+6=16
Step-by-step explanation:
About 379.1666666666666
The 6 is repeating. Or about 379 if your rounding.
Yes because,
8×1 = 8
8×2 = 16
8×3 = 24
8×4 = 32
8×5 = 40
So 40 is a multiple of 8
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
_____
<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
