The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
49 leaves
Step-by-step explanation:
7 days x 7 leaves per day = 49 leaves in total
X fourths minus seventeen
Answer:
Rayshawn originally had $30.
Step-by-step explanation:
i) Rayshawn has a certain amount of money. Let us say this amount is $x.
ii) Rayshawn spends $20 which means that he is left with $(x - 20)
iii) it is also given that amount of money left after spending $20 is 
of the original amount, $x, the amount remaining is 
.
iv) from the information given in ii) and iii) we get
$(x - 20) = , Therefore we get 3x - 60 = x , therefore 2x = 60,
Therefore x = $30. Rayshawn originally had $30.
Answer:
15 yds
Step-by-step explanation:
12 in = 1ft
3 ft = 1yd
to convert
540 in * 1ft/12 in * 1yd /3 ft = (540 * 1 * 1)/ (12*3) = 540/36 =15 yds
all the units canceled except for yds
