The amortization formula can be used to figure this.
... A = P(r/n)/(1 -(1 +r/n)^(-nt))
where A is the monthly payment, P is the amount borrowed, r is the annual interest rate, n is the number of times per year interest is compounded, and t is the number of years.
Fill in the given information, and solve for P (in either order).
... 821.69 = P(.065/12)/(1 - (1 +.065/12)^(-12*30)) ≈ 0.00632068023P
... P ≈ 130,000.25 . . . . . divide by the coefficient of P
Rounded to the nearest dollar, you borrowed $130,000.
Answer:
Step-by-step explanation:
Since you have an expression for y, it is convenient to use it.
-2x + 8(3x) = -22 . . . . . substitute 3x for y in the second equation
22x = -22 . . . . . simplify
x = -1 . . . . . . . . . .divide by 22
Substituting this value into the expression for y:
y = 3(-1) = -3
The solution is (x, y) = (-1, -3).
your picture is not showing up for me
Answer:
0.83
Step-by-step explanation:
