Step-by-step explanation:
So, the account is at 0 initially; after the 1st payment made to the statement, the only balance it'd have, is the first payment amount, so namely, what's the monthly amortized cost.
Ex.: the picture
So let's do the same!
<em>pymt:</em> 120,000 [0.049/12/1 - (1 + 0.049/12) -12 x 20]
Hope this helped!
I have the same thing someone please help us
Since you are working with exponents and roots you would add the exponents together. The ninth root of x is equal to x^(1/9) and since you are using it four times your answer would be x^(4/9).
The answer is -24x. Good luck