Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month
In this equation, it's easy, they are simply trying to trick you by saying "unit rate".
Unit Rate means slope, or what it is increasing by. In your equation, y=x2.
The, x2, is your "unit rate". (Slope)
<span>The mean of a set of data can be determined from a box-and-whisker plot; <em>True.
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Have a wonderful day! :)
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9n+15 is the right answer. Have a good day! :)