I know you already got this answered, but I need points. Can I get brainliest?
Answer:
It comes down to what the equals sign means. It means, that the two things mentioned on either side of the equation are the same thing. If you do something to the left side, you have presumably changed it.
Step-by-step explanation:
Hope this helps, If it did, then I would really appreciate it if you gave me Brainliest, I only need one more to rank up and it has taken forever to get to where I am currently. Thanks.
17.7% x
-------- = -----------------
100% 110,200,000
If 110.2 million households equals 100%, then you just cross multiply to solve for what households are 17.7% - which is 19,505,400.
Answer:
Option A,$ 1,832.91 is correct
Step-by-step explanation:
The monthly payment can be computed using the below pmt formula i excel shown below:
=pmt(rate,nper,-pv,fv)
rate is the monthly rate on the mortgage which is 17.5%/12=0.014583333
nper is the number of months of payment i.e 30*12=360
pv is the amount of the loan which is $125,000
fv is the total amount of repayment which is unknown
=pmt(0.014583333
,360,-125000,0)=$ 1,832.91
The correct option is A,$ 1,832.91 which is the amount of money they need to pay back on the mortgage for 360 months