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leonid [27]
3 years ago
6

According to the amortization table, Demarco and Tanya will pay a total of in interest over the life of their loan.

Engineering
2 answers:
Ymorist [56]3 years ago
8 0

Answer:

(Interest rate/number of payments)*$170000= interest for the first month.

Interest amounts for all the months of repayment plus $170000=Total loan cost

Explanation:

Interest is the amount you pay for taking a loan from a bank on top of the original amount borrowed.

Factors affecting how much interest is paid are; the principal amount, the loan terms, repayment schedule, the repayment amount and the rate of interest.

The interest paid=(rate of interest/number of payments to make)*principal amount borrowed.

You divide the interest with number of payments done in a year where monthly are divided by 12.Multiplying it by loan balance in the first month which is your principal amount gives the interest rate to pay for that month.

You new loan balance will be= Principal -(repayment-interest)

Do this for the period the loan should take.

Add all the interest amount to original borrowed amount to get total cost of the loan after the period of time.

algol133 years ago
6 0

Answer:

the answer for the first one is 104,854 and for the second one its 274,854

Explanation:

just did the assinment and got it right hope this helps  

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Explanation:

Step 1:

a) The formula for compute greatest advisor is

     gcd(m,n) = gcd (n,m mod n)

the gcd(31415,14142) by applying Euclid's algorithm is

    gcd(31,415,14,142) =gcd(14,142,3,131)

                                  =gcd=(3,131, 1,618)

                                   =gcd(1,618, 1,513)

                                   =gcd(1,513, 105)

                                   =gcd(105, 43)

                                    =gcd(43, 19)

                                     =gcd(19, 5)

                                      =gcd(5, 4)

                                      =gcd(4, 1)

                                      =gcd(1, 0)

                                      =1

STEP 2

b)  The number of comparison of given input with the algorithm based on  checking consecutive integers and Euclid's algorithm is

     The number of division using Euclid's algorithm =10 from part (a)

      The consecutive integer checking algorithm:

      The number of iterations =14,142 and 1 or 2 division of iteration.

        14,142 ∠= number of division∠ = 2*14,142

         Euclid's algorithm is faster by at least 14,142/10 =1400 times

          At most 2*14,142/10 =2800 times.

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