Answer:
Check Explanation
Step-by-step explanation:
In finance, the rule of 70 estimates how long incomes take to double.
(Number of years it takes for income to
double) = 70/(annual percentage growth rate)
a) At 2.8%
N = (70/2.8) = 25.0 years
It will take 25.0 years for incomes to double.
b) At 4.6%
N = (70/4.6) = 15.2 years
It will take 15.2 years for incomes to double.
c) At 6.3%
N = (70/6.3) = 11.1 years
It will take 11.1 years for incomes to double.
d) At 7.8%
N = (70/7.8) = 9.0 years
It will take 9.0 years for incomes to double.
e) At 8.9%
N = (70/8.9) = 7.9 years
It will take 7.9 years for incomes to double.
If the loan interest rate remains at i=5.2%/12 per month throughout the six years,
then amount owing after 4 years, or the future value



to the nearest cent
Monthly payment, A, required to repay the loan in two years (24 months)



to the nearest cent.
Answer: Jeffrey will have to repay $1623.03 monthly during the last two years of his loan to owe nothing at the end of the 6 years loan period.
Answer:
(42.26/100)*120 = $50.712
Step-by-step explanation:
If Karina bought a townhouse for $199,900 and she has a 30 year mortgage with a fixed rate of 5.5% with monthly payments of $998.08, the percent of the purchase price that was her down payment was 12%.Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here.
Answer:
v = 3x + 8
Step-by-step explanation:
Hope it's right :)