The monthly payment would be $289.33
$104,000 - $24,000 = $80,000
$80,000 x %8.5 interest = $6,800
$80,000 + $6,800 = $86,800 (total being paid back)
12 (total of months in a year) x 25 (number of years) = 300
Divide $86,800 by 300 and your monthly payment is $289.33
Answer:
30
Step-by-step explanation:
Writing the slope-intercept form of a linear equation, we have:
Where m is the slope and b is the y-intercept.
Since parallel lines have the same slope, we can see that the slope of the line y = 2/3x + 1 is equal m = 2/3, so for our equation we also have m = 2/3.
Now, using the point (0, -4), we have:
So our equation is:
y = 2/3x - 4
F(3)=2*3-8=-2.
Hope that helps.