Answer:
7/12 cannot be reduced
Step-by-step explanation:
7 = 7
12 = 2 * 2 * 3
7 and 12 have no common factors other than 1, so the fraction 7/12 cannot be reduced. 7/12 is already written in lowest terms.
4 dirhams is equal to 1 dollar so if you were to multiply each by 5 you would have 20 dirhams equaling 5 dollars
300/250 can be divide by 50 which makes it 6/5
Answer:
$711.23
Step-by-step explanation:
We assume the entire closing cost went to reducing the principal of the loan. Then the amount borrowed was $147,192.
<h3>Monthly payment</h3>
The amortization formula tells you the monthly payment.
A = P(r/12)/(1 -(1 +r/12)^(-12t))
P is the principal, r is the annual rate, and t is the number of years.
The monthly payment is ...
A = $147,192(0.041/12)/(1 -(1 +0.041/12)^-360) ≈ $711.23
Jeff's monthly payment is $711.23.
<em>if 5 is to be rounded off, then the rule is, if the next significant digit is equal or greater than 5 it adds up, other wise not..</em>
<em>In this case the next significant digit is 0 which is less than 5 so it will not be added up.</em>
<em>46,054,202 ≈ 46,000,000 Answer</em>