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cluponka [151]
2 years ago
11

You can afford a $1150 per month mortgage payment. You've found a 30 year loan at 8: interest compounded monthly. a) How big of

a loan can you afford?​
Mathematics
1 answer:
jarptica [38.1K]2 years ago
3 0

Answer:

PV= Max Loan amount = PMT*B(i,T) and PMT = 1200. Calculate B(i,T) = B(6%/12, 360)

=(12/.06)(1-(1/(1.005))360)  I will let you complete the calculation

Step-by-step explanation:

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Answer:

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3 years ago
Solve the following Simultaneous equation<br>Using any suitable method<br> x+6y=2, 3x +2y =10​
uranmaximum [27]

Answer:

x = 0.5

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Step-by-step explanation:

x + 6y = 2

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