Answer: y=3x+3 would be your answer
The answer is 0.15290519877
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:
27
Step-by-step explanation:
Remember to follow PEMDAS. Note that, when multiplying or dividing:
1) one positive and one negative = negative number
2) two positive = positive number
3) two negative = positive number
(-7)(-5) = -7 * -5 = 35
+(-8) = +1 * -8 = -8
Subtract:
35 - 8 = 27
27 is your answer.
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