Answer:
total payment = $563,760
Interest = $383,760
Principal part = $66
Step-by-step explanation:
(a) total payment:
n = 30 years = 360 months
monthly payment = $1,566
Total payment = $1,566 * 360 months = $563,760
(b) interest:
Total payment = $563,760
Principal = $180,000
Total payment = Principal + Interest
Interest = Total payment - Principal
Interest = $563,760 - $180,000 = $383,760
(c) part of first payment applied to the principal:
First payment = $1,566
Principal = $180,000
Interest rate = 10% yearly = 10% / 12 = 0.8333% = 0.008333 monthly
Monthly interest = Principal * Interest rate = $180,000 * 0.008333 = $1,500
Principal part = $1,566 - $1,500 = $66
Hope this helps!
Answer:
<h2><em><u>62</u></em><em><u>.</u></em><em><u>2</u></em></h2>
Step-by-step explanation:
4n × 2 + 43
<em>[</em><em>By</em><em> </em><em>putting</em><em> </em><em>the</em><em> </em><em>value</em><em> </em><em>of</em><em> </em><em>n</em><em> </em><em>=</em><em> </em><em>2</em><em>.</em><em>4</em><em>]</em>
= (4 ×2.4) × 2 + 43
= 9.6 × 2 + 43
= 19.2 + 43
= <em><u>62.2 (Ans)</u></em>
Answer: I think it is 10364 or 10248 because when i put it in a calculator I got 8803.4 or 10296
Step-by-step explanation:
