Answer:
The monthly payment for the loan amount for 20 years is $806.167
Step-by-step explanation:
The principal loan amount= $ 50,000
The rate of interest = 7 %
the time period of loan = 20 years = 20 × 12 = 240 months
let the amount after 20 years = $ A
<u>From Compounded method</u>
Amount = Principal × 
or, A = 50,000 × 
or, A = 50,000 × 
Or, A = 50,000 × 3.8696
∴ Amount = $ 193,480
So, The amount after 20 years = $ 193,480
The monthly payment amount = $
= $ 806.167
Hence The monthly payment for the loan amount for 20 years is $806.167 Answer
Answer:
4 hours
Step-by-step explanation:
In 6 hours, J paints 1 room
So, in 1 hour, J paints 1/6 th of the room
Using similar logic, in 1 hour, T paints 1/12 th of the room.
Working together in one hour, they paint (1/6+1/12) th =1/4 of the room.
1/4 of the room is painted in 1 hour
So, 1 room is painted in 1 1/4=4 hours
Answer:
4.24 to two decimal places
Answer:
apple
Step-by-step explanation:
Answer:
18.50 times 3 equals 55.5, the answer is 55.50