(2x10)+(4x1)+(3x1/10)+(5x1/100)+(7x1/1000)
1/10,1/100,1000 are fractions
Answer:
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Answer:
The answer to the question is
Her monthly payments will be $279.98
Step-by-step explanation:
To solve the question we apply the equation for monthly payments as follows
Fixed monthly mortgage repayment formula is

Where
A = Payment amount per month
r = interest rate = 4.25 %
n = number of months = 20×12 months or 240 months
P = Mortgage value = $155,000
Therefore A =
= $279.98
For balloon mortgage the loan balance is paid off or refinanced at the end of the loan term
I multiplied the dimensions and divided it by 75, got 8.75 but you need to round in this situation, so 9
hope this helps :)
Answer:
b
Step-by-step explanation: