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3 years ago

Hey! please help i’ll give brainliest:)

Mathematics

2 answers:

LUCKY_DIMON [66]3 years ago

8 0

The answer is 8. Just add up all the numbers then divide by the amount of numbers there are (6) and you get 8.

alukav5142 [94]3 years ago

7 0

The answer is 10 or 11 .because if yu cancel out the 11 and 11 then cancel out 3 and 2 in between 9 and 12 is 10 and 11 so it’s either 10 or 11

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Enos took out a 25-year loan for $135,000 at an APR of 6.0%, compounded monthly, and he is making monthly payments of $869.81. W

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Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81

Future value of loan after 16 years
$F=P(1+i)^n$ [compound interest formula]
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Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20

Note: the exact monthly payment for a 25-year mortgage is
$A=\frac{P(i*(1+i)^n)}{(1+i)^n-1}$
$=\frac{135000(0.005*(1+0.005)^{25*12}}{(1+0.005)^{25*12}-1}$
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Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.

So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.

The closest choice is therefore <span>$72,449.19</span>

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3 years ago

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