The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
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.
Answer:
it is 81 with doing some simple math
False
x-1(-3)=x+(-3)
x+3=x-3
3=-3
false
NO
Answer:
A bar graph
Step-by-step explanation:
A bar chart will give you the visual understanding of your data.It will clearly show the book with most number of pages and compare the books according to the number of pages.You can formart using different colors for each bar.
Answer:4. 0.09333333333
5. 8 oz
Step-by-step explanation:
