<h3>
Answer: $189,383.96</h3>
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Explanation:
- r = 0.02 = decimal form of 2% annual interest
- i = monthly interest rate
- i = r/12 = 0.02/12 = (2/100)/12 = 1/600.
- n = number of months = 12*30 = 360
- P = monthly payment = 700
We'll plug those items into the formula below.
L = loan amount
L = P*( (1+i)^n - 1)/( i*(1+i)^n )
L = 700*( (1+1/600)^360 - 1 )/( 1/600*(1+1/600)^360 )
L = 189,383.961539639
L = 189,383.96
The couple can afford to borrow at most $189,383.96
Answer:
60%
Step-by-step explanation:
184 - 115 = 69
.6 × 100 = 60%
115 + 60% = 69
Answer:
The sinusoidal axis is the neutral horizontal line that lies between the crests and the troughs (or peaks and valleys if you prefer). ... Instead, it would still be the horizontal line directly between the crests and troughs which is also the average of the maximum and minimum values
the reciprocal of 2 and 3/5 is 5/13
