These are the given to the question above:
Loan Balance: $20,000.00
Loan Interest Rate: 7.00%
Monthly Loan Payment: $232.22
Number of Payments: 120 (10 years)
Cumulative Payments: $27,865.87
Total Interest Paid: $7,865.87
What dollar amount of each monthly payment is interest? $655.49
What percent of the total payments is total interest? 28.22%
It is estimated that you will need an annual salary of at least $27,866.40 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans
(-3,-6) If you ever struggle remembering what axes to write first just remember- along the corridor up/down the stairs, hope this helped :D
Answer: - 25 < x < 5
Step-by-step explanation:The first thing is to Add 23 to both sides
The equation becomes
4 / x + 10 / < 37 + 23
4/x +10 / < 60
Divide through by 4
/ x +10/ < 15
to remove the modulus sign we have
-15< x + 10 < 15
we then solve one by one
firstly , - 15 < x + 10
subtract 10 from both sides
⇒ - 15 - 10 < x
-25 < x
solving the second part
x + 10 < 15
x < 15 - 10
x < 5
combining the two answers
-25 < x < x
If you have a TI-83 Plus calculator . You can go to 2nd X^-1 and use the matrices
