9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
_____
<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
This is one of the special right triangles known as a 30, 60, 90 triangle. (Characterized by its angles)
In these triangles, the shortest leg is HALF the length of the hypotenuse.
The longest leg is (√3) times the length of the short leg.
Therefore, the shortest leg is 20, and the longest leg is 20(√3)
FINAL ANSWER:
SHORT LEG: 20 units
LONG LEG: 20√3 units
Here, this website explains it perfectly
Step-by-step explanation:
https://www.k5learning.com/blog/subtracting-positive-and-negative-numbers
Answer:
Step-by-step explanation:
f(x) = x + 1, find f(x+3)
f(x+3) = x + 3 + 1 = x + 4
