9514 1404 393
Answer:
$7641.24
Step-by-step explanation:
The amortization formula tells the payment amount.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where principal P is paid off in t years with n payments per year at interest rat r.
Using the given values, we find ...
A = $7000(0.165/12)/(1 -(1 +0.165/12)^-12) = $7000×0.01375/(1 -1.01375^-12)
A = $636.77
The total of 12 such payments is ...
$636.77 × 12 = $7641.24
You will pay a total of about $7641.24.
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<em>Additional comment</em>
Since the payment amount is rounded down, the actual payoff will be slightly more. Usually, the lender will round interest and principal to the nearest cent on each monthly statement. The final payment will likely be a few cents more than the monthly payment shown here.
2.1+18.9
The answer is going to be 21 because 9+1=10, you then carry the 1 for 8 so it’s going to be 9+2 which equals to 11 now you carry the 1 to the 1 so it’ll be 2. Therefore it’s 21.0 or just cancel out the 0 and just leave it as 21.
Answer:
I think the answer is 3x
Step-by-step explanation:
If i am wrong please correct me
Umm i’m sorry but what is the question here .
This isn’t english
maybe u had to multiply the rate and monthly payment
