Answer:
a) monthly payment: $177.50
b) total amount paid: $31,950
c) toward principal: $17,500; toward interest: $14,450
Step-by-step explanation:
a) The amount of the monthly payment (A) is computed from the principal (P), the annual interest rate (r) and the number of years (n) using the formula ...
A = P·(r/12)/(1 -(1 +r/12)^(-12n))
Filling in your numbers, we can use r/12 = 0.09/12 = 0.0075, and 12n = 12·15 = 180:
A = $17500·0.0075/(1 - 1.0075^-180) ≈ $177.50
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b) The total payment over the term of the loan is 180 of these monthly payments:
180·$177.50 = $31,950
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c) $17,500 is paid toward the principal.
$14,450 is paid toward interest.
Hey there, Brainiac!
To start this off, let's subtract LW from both sides of the equation.
S - LW = WH + HL
Now, let's use the distributive property on WH+HL.
Using the distributive property, we can change that to H(W+L)
S - LW = H(W+L)
Now, to finish this off, let's divide both sides by (W+L)

That's your answer.
Have an awesome day! :)
~collinjun0827, Junior Moderator
Remember, an=a1(r)^(n-1) where a1=first term or where n=1 and r=commmon ratio
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a2/a1=r
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so if you have the graph, find the y value coresponding to x=1 and that is a1
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find the y value coresponding to x=2 and taht is a2, do a2/a1 to get r
so like I was saying
well, each term is 1/2 of the previous
20/40=1/2
so r=1/2
and a1=40
so

is da equation