⅗ = 6/x help dont scsm meh
2 answers:
Answer:
Step-by-step explanation:
This is because if you make equivalent fractions you either simplify it or you double the numerator AND the denominator. In this case, the fraction doubles the numerator and denominator. it doubles the number 6 and we have to do the same thing with the 5. And if you double 5, you will get to the ultimate answer 10. Therefore, the answer is .
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R = monthly loan rate = 5.7 / 1200 =
<span>
<span>
<span>
0.00475
</span>
</span>
</span>
n - number of payments
p - principal
Total Loan Cost = (r * p * n) / [1-(1+r)^-n]
Total Loan Cost = ( <span> <span> <span> 0.00475 </span> </span> </span> * 100,000 * 24) / [1 -(1<span>.00475)^-24]
</span>Total Loan Cost = 11,400 / 1 -(1.00475^-24)
Total Loan Cost = 11,400 / 1 -<span><span>.8924988049 </span>
</span><span>Total Loan Cost = 11,400 / </span> <span> <span> <span> 0.1075011951 </span> </span> </span>
Total Loan Cost = <span> <span> <span> 106,045.33 </span> </span> </span>
Source:
http://www.1728.org/loanfrm4.htm
n - number of payments
p - principal
Total Loan Cost = (r * p * n) / [1-(1+r)^-n]
Total Loan Cost = ( <span> <span> <span> 0.00475 </span> </span> </span> * 100,000 * 24) / [1 -(1<span>.00475)^-24]
</span>Total Loan Cost = 11,400 / 1 -(1.00475^-24)
Total Loan Cost = 11,400 / 1 -<span><span>.8924988049 </span>
</span><span>Total Loan Cost = 11,400 / </span> <span> <span> <span> 0.1075011951 </span> </span> </span>
Total Loan Cost = <span> <span> <span> 106,045.33 </span> </span> </span>
Source:
http://www.1728.org/loanfrm4.htm