Answer: (an)(x)
Step-by-step explanation:
quizlet
9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
__
a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
__
b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
__
c) The amount that is interest is ...
$378,000 -157,823 = $220,177
Answer:
$28360
Step-by-step explanation:
Step one:
Given data
P=20000
rate= 6%
time= 6years
Step two:
compound interest
A=P(1+r)^t
substitute
A=20000(1+0.06)^6
A=20000(1.06)^6
A=20000*1.418
A=$28360
Answer:
vvvIf the perimeter of the rectangle is 60 in, find its area.
Step-by-step explanation:
