Since there was a down payment, the actual amount borrowed was
Amount borrowed, P=125000-25000=100000
interest, i = 4% (APR) = 0.04/12 per month (ASSUME compounded monthly)
Monthly payment = $577
To find the amortization portion of the first payment, we need the interest accumulated at the end of the first month (first payment)
= 100000*(0.04/12) = 333.33 (nearest cent)
Therefore amortization portion = $577-333.33 = 243.67 (to the nearest cent)
(by the way, if we need to know the amortization period, we have to use the amortization formula and estimate the number of months, n to give a monthly payment of 577 for the given principal. n can be calculated as 259.04 months, or over 21 years and 7 months).
Answer:
Hello there! I would say the answer is C,
Step-by-step explanation:
I hope this helps!!!
Answer:
Undefined
Step-by-step explanation:
If a linear equation is organized in the form x=[a number], we know straight away that this line is a vertical line. This form is actually 
, where 
is the x-intercept of the line. Vertical lines do not have a y-intercept because they are parallel to the y-axis.
The slope of vertical lines is undefined.
I hope this helps!
Answer:
<h3>#1</h3>
<u>Rectangle area:</u>
<u>Given:</u>
<u>Find w:</u>
- 12w = 300
- w = 300/12
- w = 25 ft
<h3>#2</h3>
<u>Perimeter is the sum of side lengths:</u>
P = 2 1/4 + 5 2/5 + 5 17/20 =
2 + 5 + 5 + 1/4 + 2/5 + 17/20 =
12 + 5/20 + 8/20 + 17/20 =
12 + 30/20 =
12 + 1.5 =
13.5 ft
<h3>
#3</h3>
- Cost of a shirt = $19.99
- Number of shirts = 6
<u>Total cost:</u>
Answer:
she can make 16 batches
Step-by-step explanation: simply multiply 5 by 3 and add 1(for the fraction)
