By applying the formulas of present and future values of annuity we can solve this problem. In this mortgage problem, first we have to find loan amount after the down payment. It is 699,000 - 699,000 * 0.2 = 559,200$. We have to set it as PV (Present Value) of annuity. Using the PV formula ![PV = A \frac{[1- \frac{1}{(1+r)^{N}}]}{r}](https://tex.z-dn.net/?f=%20PV%20%3D%20A%20%5Cfrac%7B%5B1-%20%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7BN%7D%7D%5D%7D%7Br%7D%20)
, we first find A, which is an annual payment. Exact calculation with mortgage calculator gives us A = 33,866.56$. After finding it, plugging this number into FV (Future Value) formula ![FV = A\frac{[(1+r)^{N}-1]}{r}](https://tex.z-dn.net/?f=%20FV%20%3D%20A%5Cfrac%7B%5B%281%2Br%29%5E%7BN%7D-1%5D%7D%7Br%7D%20%20%20)
, we find the value of the future value and it is 1,185,329.66$. And the total financial charge is 1,185,329.66 - 559,200 = 626,129.66$
Answer:
subtract the exponents
Step-by-step explanation:
To divide powers of the same base, you can subtract the exponents.
Answer:
72
Step-by-step explanation:
Let the number of candies = n
Tracy ate = 1/3 of n = n/3 remaining 2n / 3
she gave 1/4 of the remainder to her friend = 1/4 of ( n - n/3) = 2n / 12
the new remainder = (2n / 3) - (2n / 12) = n /2
she and her mom then ate altogether = 30
and the brother took from 1 to five, the number he took = x
and she has 3 left
( n/2) - 30 - x = 3
n = 2 ( 33 + x)
now we know that the candies could not be broken and x is between 1 to 5
n = 2 (33 + 1), 2 (33+2), 2(33 +3), 2 (33+ 4) and 2 (33 + 5) this are the possible values of n, ( 68, 70, 72, 74, 76) and the multiple of 3 is 72
n therefore = 72
9/11=x/22
11*2=22
9*2=x
x=18
9/11=18/22
Answer:
Step-by-step explanation:
Q1) 15+15+15+15+15+15=90
Answer : 1 over 90 as a fraction
Q2) 2 over 2
Q6) 13 over 52
