The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
15, 18, 21
Step-by-step explanation:
3, 6, 9, 12, 15, 18, 21...
3 x 5 = 15
3 x 6 = 18
3 x 7 = 21
Hope this helps! :)
Answer:
Why???
Step-by-step explanation:
Answer:
16.66months
Step-by-step explanation:
2500/150
Answer:
sin(A-B) = 24/25
Step-by-step explanation:
The trig identity for the differnce of angles tells you ...
sin(A -B) = sin(A)cos(B) -sin(B)cos(A)
We are given that sin(A) = 4/5 in quadrant II, so cos(A) = -√(1-(4/5)^2) = -3/5.
And we are given that cos(B) = 3/5 in quadrant I, so sin(B) = 4/5.
Then ...
sin(A-B) = (4/5)(3/5) -(4/5)(-3/5) = 12/25 + 12/25 = 24/25
The desired sine is 24/25.