Answer:
16.6
Step-by-step explanation:
Answer:
8
Step-by-step explanation:
Here is your answer:a line of credit is an arrangement between a financial institution,usually a bank,and a customer that establishes a maximum load balance that the lender permits the borrower to access or maintain.
I just answered this question. Here's my answer.
Home price is $245,000. There is no down payment mentioned.
I understand 20/4 as amortized over 20 years and balloon payment after 4 years.
Total cost would be = Balloon payment + Total monthly payment
4 years x 12 months = 48 months
Balloon payment = 216,789.79 x 1 mo = 216,789.79
Total monthly payment = 1,727.11 x 47 mos = 81,174.17
<span>Total cost = 216,789.79 + 81,174.17 = 297,963.96</span>
Answer:
There are 13 motorcycles and 22 cars
Step-by-step explanation:
Let x represent the number of motorcycles, and let y represent the number of cars. We can set up a system of equations to solve this...
x + y = 35 (there are a total of 35 vehicles)
2x + 4y = 114 (the total number of tires)
Solve the first equation for either variable...
y = 35 - x
Now substitute that value into the other equation and solve...
2x + 4(35 - x) = 114 (y becomes 35 - x)
Now solve...
2x + 140 - 4x = 114
-2x = -26
x = 13 (there are 13 motorcycles)
Now plug that value into either original equation to solve for y...
13 + y = 35
y = 22 (there are 22 cars(
