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
Answer:
2 1/2 in.
Step-by-step explanation:
6 - 3 1/2 this is the answers
Answer:
75%
Step-by-step explanation:
So first, you want to isolate your Y. To do this, you must get it alone on ONE SIDE of the equation.
5x - 2y = 3
-5x -5x
= 
ANSWER: y = \frac{3-5x}{-2}