Answer:
$300,000
Step-by-step explanation:
To find 8% of 100,000 all you need to do is multiply 100,000 by .08.
100,000 (.08) = 8,000
The 8,000 accounts for one year, so now you have to multiply 8,000 by 25.
8,000 (25) = 200,000
Now add the initial amount to the additional 200,00 that will be paid to the retirement account.
100,000 + 200,000 = 300,000
The answer is $300,000.
Answer: y=- 1/6x-2
Step-by-step explanation:
No,because your supposed to multiply it by the same number.
Answer:
The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.
I find that the monthly payment will be
$848.89. There will be 360 such payments over 30 years, for a total payment amount of $30The amount of the loan is $120,000 -10% + 2% = $110,400, assuming the "points" are added to the financed amount.
R = Pi/[1 - (1+i)^(-n)] where
P = 110,400
R = the monthly payment
i = 8.5/[100(12)] = .007083...
n = 30(12) = 360 yielding
R = $848.88 per month.
Therefore, the total interest paid is 360(848.88) - 100,400.
5,600. Subtract the original principle (110,400) from that to get the interest paid.
hopes this helps :]
