The correct solution is n=3
Answer:
With a number line with two points opposite from each other on a number line, the middle of it is always going to be 0. Therefore, both points are the same distance away from 0 just in opposite directions. That means point Q is always going to equal the negative of point P. An example of this is if point p equals 5, point p equals -5.
This method only works when it is specifically stated that the two points are opposite from each other.
Hope this helps!
xx,
myara
-11 is and Irrational number
<span>Monthly Interest = Yearly Interest / 1200
Interest Paid = Previous Balance * Monthly Interest Rate
</span>Equity = Monthly Payment -Interest Paid
New Balance = Previous Balance -Equity
Monthly Interest =
<span>
<span>
0.004125
</span>
</span>
After the FIRST payment
Interest Paid = 125,600.00 * .004125
<span>Interest Paid = 518.10
Equity = 1,500.00 - 518.10
Equity = </span>
<span>
<span>
981.9</span></span>0
New Balance = 125,600.00 -981.90
<span>
<span>
124,618.10
</span>
</span>
After the SECOND payment
Interest Paid = 124,618.10 * .004125
<span>
</span>Interest Paid = <span><span>514.05
</span>
</span>
<span>Equity = 1,500.00 - 514.05
</span><span>Equity = 985.95
</span>
New Balance = <span>124,618.10 -985.95 =
</span><span><span>123,632.15
</span>
</span>
Answer is B
I guess they want it for the BEGINNING of the third month and this is it.
I calculated it for the END of the third month so here it is.
After the THIRD payment
Interest Paid = <span>123,632.15 * .004125
</span>Interest Paid = <span><span>509.98
</span>
</span>
Equity = 1,500.00 - 509.98
Equity =
<span>
<span>
990.02
</span>
</span>
<span>New Balance = 123,632.15 -990.02 =
</span><span><span>122,642.13
</span>
</span>
Source:
http://www.1728.org/loanmath.htm