9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
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a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
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b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
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c) The amount that is interest is ...
$378,000 -157,823 = $220,177
The number is in the hundreds digit place
The last number is 500 greater than the first.
Answer:
Step-by-step explanation:
The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.
Answer:
3 Is the Radius
Step-by-step explanation:
Diameter is always 2R (R for radius), as they have given us the diameter of 6 we can conclude the answer by forming a simple equations
D=2R
6=2R
3=R