Part A: monthly payment
Initial loan after downpayment,
P = 320000-20000= 300,000
Interest rate per month,
i = 0.06/12= 0.005
Number of periods,
n = 30*12= 360
Monthly payment,
A = P*(i*(1+i)^n)/((1+i)^n-1)
= 300000(0.005(1.005)^360)/(1.005^360-1)
= 1798.65
Part B: Equities
Equity after y years
E(y) = what they have paid after deduction of interest
= Future value of monthly payments - cumulated interest of net loan
= A((1+i)^y-1)/i - P((1+i)^y-1)
= 1798.65(1.005^y-1)/.005 - 300000(1.005^y-1)
= (1798.65/.005-300000)(1.005^y-1)
Equity E
for y = 5 years = 60 months
E(60) = (1798.65/.005-300000)(1.005^60-1) = 18846.17
for y = 10 years = 120 months
E(120) = (1798.65/.005-300000)(1.005^120-1) = 45036.91
y = 20 years = 240 months
E(240) = (1798.65/.005-300000)(1.005^240-1) = 132016.53
Check: equity after 30 years
y = 30 years = 360 months
E(360) = (1798.65/.005-300000)(1.005^360-1) = 300000.00 .... correct.
Pemdas? OK so how I would remember it by is "Please Excuse My Dear Aunt Sally"
So.. Parenthesis, Exponent(s), Multiplication, Division, Addition, Subtraction..
Example~~~~~
(
+ 4) ×12÷4 - 1= ? so first do parenthesis and then the exponents then add it to 4 and the divide 12 and 4 and then subtract 1 which is 2.. Then after take two and 13 and multiply which is 26~
Hope this helps! :)
Answer:
B. (−2, 3)
Step-by-step explanation:
To find the midpoint of a segment, add the x-coordinates of the endpoints and divide by 2. Add the y-coordinates of the segments and divide by 2.
x: (5 + (-9))/2 = -2
y: (-1 + 7)/2 = 3
Midpoint: (-2, 3)
Answer: B. (−2, 3)
88.6 as a mixed number is 14 2/3
The equation of the line is y = -7/5x + 56/5
<h3>Equation of a line</h3>
The formula for expressing equation of a line is given as y = mx + b
where
m is the slope
b is the y-intercept
Given the coordinates A(8, 0) and (3, 7)
Determine the slope
Slope =7-0/3-8
Slope = -7/5
For the intercept
0 = -7/5(8) + b
b = 56/5
Hence the equation of the line is y = -7/5x + 56/5
Learn more on equation of a line here:brainly.com/question/22119282
#SPJ1