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:
a) 2.5
b)2.33
Step-by-step explanation:
a)
Bring the numerals to the right hand side and the x terms to the left hand side
Simplify
Divide 3 on both sides, to get x
b)
Bring the numerals to the right hand side and the x terms to the left hand side
Simplify
Answer:
b, e
Step-by-step explanation:
a, b) ordinarily, we claim the variable on the vertical axis is a function of the variable on the horizontal axis. By that claim, <em>temperature is a function of time</em>.
If the graph passed the horizontal line test (a horizontal line intersects in one place), then we could also say time is a function of temperature. The graph does not pass that test, so we cannot make that claim.
c) The graph has negative slope between 4:00 and 5:00. Temperature is decreasing in that interval, not increasing.
d) The graph has two intervals in which it is horizontal: 5:00-9:00 and 11:00-12:00. In those intervals it is neither increasing nor decreasing.
e) The graph shows a minimum in the interval 11:00-12:00. <em>The lowest temperature first occurs at 11:00</em>.
Answer:
c) 110°
Step-by-step explanation:
Arc FP is twice the measure of the marked angle, so is 70°. If FD is supposed to be a diameter, then arc FPD is a semicircle (180°) and arc PD is 180° -70° = 110°.
