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Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
My sister learn to play piano for 5 years
Step-by-step explanation:
Is that correct?
If so can I please get a brainless i only need one more please
Answer:
Fraction of fire trucks = 
Total number of toy cars = 
Step-by-step explanation:
Fraction of sports car = 
Fraction of remaining cars 
So,
Fraction of pick up cars = 
Therefore,
Fraction of fire trucks = 
That is Number of fire trucks = ( Total number of toy cars )
Number of fire trucks = 4
Total number of toy cars = 
One-sixth of an hour is 10 minute
10 minutes 3/4 chapter
Therefore, 10 minutes x 6= 3/4x6
Shawn can read 4.5 chapters in one hour
