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Nesterboy [21]
3 years ago
8

PLEASE HELP I WILL GIVE BRAINLIEST AND THANKS IF CORRECT!!!!

Mathematics
1 answer:
REY [17]3 years ago
4 0

Answer:

A 2-column table with 3 rows. Column 1 is labeled x with entries 12, 18, 22. Column 2 is labeled y with entries 2, 3, 4.

Step-by-step explanation:

cv

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. Which of the following is an example of a grand scale mission statement?
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Which of these expressions can be used to calculate the monthly payment for a 30-year loan for $195,000 at 6.6% interest, compou
Genrish500 [490]

Answer:

<u>The correct answer is Monthly payment = [ P * (1 + r/n)ⁿˣ]/nx</u>

Step-by-step explanation:

Let's calculate the monthly payment for this loan, using the compounded interest formula, this way:

Monthly payment = [ P * (1 + r/n)ⁿˣ]/nx

where P, is the amount of the loan without interests, r is the interest rate, n is the number of times the interest is applied per period and x the number of time periods elapsed.

Replacing with the real values, we have:

P = 195,000

r = 6.6% = 0.066 compounded monthly

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Monthly payment = [195,000 * (1 + 0.066/12)³⁶⁰]/360

Monthly payment = $1,404,693.55/360

Monthly payment = $ 3,901.92

<u>The correct answer is Monthly payment = [ P * (1 + r/n)ⁿˣ]/nx</u>

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