Answer:
we need the whole question
Step-by-step explanation:
post the whole question
Answer:
Size of each monthly payment = $161.69 per month
Step-by-step explanation:
Given:
Value of property = $20,000
Downpayment = 20%
Number of payment = 12 x 10 = 120
Interest rate = 4% = 4% / 12 = 0.33 %
Computation:
Loan balance = 20,000 - 20%
Loan balance = $16,000
A] Size of each monthly payment [In Excel]
Size of each monthly payment = PMT(0.33%,120,16000,0)
Size of each monthly payment = $161.69 per month
I think you should believe whatever that person said
Answer:
David contributes 3 dollar for every 9 dollars that Ken contributes, how dollars will Ken contribute when David contributed 21 dollars.
Step-by-step explanation:
David and Ken are contributing money to buy a textbook.
They agreed, that every 3 dollars that David contributes, Ken should contribute 9 dollars.
Find how much Ken contributed if David when David contribute 21 dollars.
If we set up a proportion equation to solve this problem, we get;