9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
x = -80
Explanation
-40 divided by 1/2 is -80
Answer:

Step-by-step explanation:
The number of times 10 can go in 52 will be the whole number

10 will go in 52 5times which will be 50 remainder two.The remainder will be the numerator

The denominator will be the original denominator (the number below)

8:5 x:7
8/5=x/7 Solve for x
x=11 1/5 or 11.2 liters