Answer:
14 5/8
Step-by-step explanation:
I took the test
Powerss of three are 3&+^x
lets try trial and error
3^1=3
3^2=9
3^3=27
3^4=81
3^5=243
3^6=729
3^7=2187
3^7 is more than 100 so the answer would be the powers up to 6
Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month
