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.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer: The histogram is not symmetrical
Answer:
answer is 119/4
Step-by-step explanation:
51/2+23/4-3/2=102+23-6/4=119/4
0.5x^4+10.5 or 12.5 simplified is correct answer. Remove any grouping symbol such as brackets and parentheses by multiplying factors.
Use the exponent rule to remove grouping if the terms are containing exponents.
Combine the like terms by addition or subtraction.
Combine the constants.
Answer:
-7/5 is the correct answer
