Hello from MrBillDoesMath!
Answer:
Interest paid = $ 1,713,568.73
Monthly p[payment = $4913.25
Discussion:
From the "compound interest formula:
A = final amount
P = Initial amount (Principal)
r = yearly interest rate
n = number of years of accumulation.
In our case,
A = 350000( 1 + .052)^35 =
350000 (5.90) = (approx)
$2,063,568.73
Interest = $2,063,568.73 - 350000 = $ 1,713,568.73
There are 35 *12 = 420 months in 35 years. So the monthly payment would be ($2,063,568.73 / 420) = $4913.25
Thank you,
MrB
The answer is 3.50
Because 15-7 equal 8,6 times 0.75 equal 4.50, and 8-4.5 equal 3.50
First you have to distribute. -3y +12=18. -3y=6. y= -2.
The slope is 2.
Since the line "y = 2x − 8" follows slope-intercept form (y = mx + b), and the slope is always m, we know that the value of the slope is 2.
