9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
I think what you are asking for is an example.
Step-by-step explanation:
Standard form equation
8x-4y = 20
1. move 8x to the other side
-4y=20-8x
2. divide both sides by -4
3. Solve for this...
y=2x-5
No se , lo siento , sin comentarios F F F F G
Take the problem and solve it about the information about the type of icecream
