These are the given to the question above:
Loan Balance: $20,000.00
Loan Interest Rate: 7.00%
Monthly Loan Payment: $232.22
Number of Payments: 120 (10 years)
Cumulative Payments: $27,865.87
Total Interest Paid: $7,865.87
What dollar amount of each monthly payment is interest? $655.49
What percent of the total payments is total interest? 28.22%
It is estimated that you will need an annual salary of at least $27,866.40 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans
Answer:
2
Step-by-step explanation:
14.100 or you can do something like that try it in see if it’s right
Answer:
4xπ^3
Step-by-step explanation:
1.) y= 2/3x
2.)y= -1x + 1
3.)y= 2x + 1
4.)y= -2/3x + 1
The structure of the formula is y = mx + b.
m is the slope.
slope is found by rise over run.
b is the y intercept.
which is found by where the line is on the y axis