Most likely it’s x=7 unless there are other options you didn’t show
The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
Answer:
This property states that to find a power of a power we multiply the exponents.
Step-by-step explanation:
Hope this helps!
Answer:
P = length + width x 2
P = 3.5ft + 5.5ft x 2
P = 9ft x 2
P = 18ft + 1.5ft (the new mural)
P = 19.5ft
Therefore the perimeter of Rosalie's new mural is 19.5ft
Answer:
Step-by-step explanation:
An escalator at a shopping center is 200.75 feet long and rises at an angle of 15⁰. What is the vertical rise of the escalator? Round to hundredths place
