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.
Answer:
3/6
Step-by-step explanation:
Well 3 is half of 6 and if you were to turn that into a fraction it would either be 3/6 or 1/2.
(2x + 3y = 12) x (-2)
(4x - 3y = 6) x 1
-4x - 6y = -24
4x - 3y = 6
You can cancel out the x values by adding the two equations together.
(-4x + 4x) + (-6y - 3y) = (-24 + 6)
-9y = -18
y = 2
Solve for x now...
4x - 3(2) = 6
4x - 6 = 6
4x = 12
x = 3
Check... (x = 3, y = 2)
2(3) + 3(2) = 12
6 + 6 = 12
12 = 12 <- this works!
4(3) - 3(2) = 6
12 - 6 = 6
6 = 6 <- this works!
Answer:
here
Step-by-step explanation:
8/1 or 8
