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Nana76 [90]
3 years ago
6

Please help needed asap this is due in minutes.

Mathematics
2 answers:
iogann1982 [59]3 years ago
7 0
Has to be the 1st one
goldenfox [79]3 years ago
3 0
I’m pretty sure the second questions answer is y=3x+2
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Jamie purchased a condo in Naples, Florida, for $699,000. She put 20% down and financed the rest at 5% for 35 years. What are Ja
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The payments are ...
  A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
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Then
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The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.

Jamie's total finance charge is about $626,128.20.


_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
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