Answer:
The answer is D. 14
Step-by-step explanation:
If you were to plug in 14 for x, it would look something like this:
=
Solve 14-4
=
if you were to multiply 5 and 7 by 2, you would get
.
This makes the equation true, because
10/14 does equal itself (10/14)
Have a nice day!
Johnson's will pay by the end of the 20-year loan $326,807.25
Johnson's will pay by the end of the 30-year loan $512,109.68
Step-by-step explanation:
The formula for compound interest, including principal sum is
, where:
The Johnson's are buying their first home. They are contemplating
two similar loans
The first is a 30-year loan for $150,000 at an interest rate of 4.1% APT
compounded monthly
∴ P = $150,000
∴ r = 4.1% = (4.1/100) = 0.041
∴ n = 12 ⇒ compounded monthly
∴ t = 30
- Substitute all of these values in the formula above
∴
∴ A = $512,109.68
Johnson's will pay by the end of the 30-year loan $512,109.68
The second is a 20-year loan for a $150,000 at an interest rate of 3.9%
APR compounded monthly
∴ P = $150,000
∴ r = 3.9% = (3.9/100) = 0.039
∴ n = 12 ⇒ compounded monthly
∴ t = 20
- Substitute all of these values in the formula above
∴
∴ A = $326,807.25
Johnson's will pay by the end of the 20-year loan $326,807.25
Learn more:
You can learn more about interest in brainly.com/question/12773544
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