Tamika has two bags of trail mix. Each has a combination of 60 pieces of fruit and nuts. Ratio of fruit to nuts in the first bag
2 answers:
You might be interested in
<u>The formula for the monthly payment</u>.....
, where P = the principal amount, r = the monthly interest rate and n = the total number of months.
Here annual interest rate is given as 4.5%
So, the monthly interest rate
Total number of months
Also given that, the principal amount is $225000
a. So, the monthly payment will be.....
Thus, the monthly payment will be approximately $1140
b. The <u>total amount paid</u> over the term of the loan will be:
c. As the principal amount was $225000 , so the amount of interest
So, the percentage of amount that is paid toward the principal
and the percentage of amount that is paid toward the interest