Answer: No
Step-by-step explanation:
8262 divided by 35 equals 236.05 something something something. So that is more than 236. Close, but no.
Answer:
Wow - you are asking a LOT of questions. The Monthly Payment Formula is really tricky so I'll solve that for you.
The time of the loan = 20 years * 12 = 240 months
We have to convert the annual rate to a monthly rate and that is done by:
monthly rate = 5.125 / 1,200 = 0.00427083333333333
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / (1.00427083333333333^240) -1 ] * 420,000
Monthly pmt = 0.00427083333333333 + [0.00427083333333333 / 2.7810190076 -1] * 420,000
Monthly pmt = (0.00427083333333333 +0.0023979718) * 420,000
Monthly pmt = 2,800.90
A calculator to double check is here: https://www.1728.org/calcloan.htm
Step-by-step explanation:
Answer:
0.5 Inches per hour
Step-by-step explanation:
Most normal people won't know exactly what unit rate is, or how to calculate it. So I'm here to help!
This is a fraction equal to
6 inches ÷ 12 hours
We want a unit rate where
1 is in the denominator,
so we divide top and bottom by 12
6 inches ÷ 12
12 hours ÷ 12
=
0.5 inches
1 hour
=
0.5 inches
hour
= 0.5 inches per hour
Glad I was able to help!