Answer:
in the pic
Step-by-step explanation:
answer A
.....
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
Answer:
It was a rainy day
, but Joan and I had planned a trip. Joan wanted to go to the beach for a swim. I wasn't sure if we should go.
"I think we should wait a little longer
, at least until the rain shows some signs of slowing down," I suggested.
"We can't swim without getting wet anyway," replied Joan, questioning my choice of swimsuit
, the one my mom had bought at a secondhand store.
Step-by-step explanation:
0.0091 rounded to the nearest hundredths is 0.01.
I hope this helped!!
