Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Answer:
Closed boundary point
Step-by-step explanation:
It says greater than OR equal too and having a closed boundary will indicate that 21 is apart of the inequality also.
I hope this helps
Answer:
n = 3
Step-by-step explanation:
Given
5 + 8n = 7(- 7 + 4n) - 6 ← distribute parenthesis on right side
5 + 8n = - 49 + 28n - 6 ( subtract 28n from both sides )
5 - 20n = - 55 ( subtract 5 from both sides )
- 20n = - 60 ( divide both sides by - 20 )
n = 
= 3
Answer:
a. $56
b. $196
Step-by-step explanation:
a. Markup price
= 40% of 140
= 0.40*140
= $56
b. Selling Price
= $140 + $56
= $196
