Answer:
$1,220,200
Step-by-step explanation:
The total of Mary's payments is ...
$3695.20/mo × 30 yr × 12 mo/yr = $1,330,200
The difference between this repayment amount and the value of her loan is the interest she pays:
$1,330,200 -110,000 = $1,220,200 . . . total interest paid
_____
Mary's effective interest rate is about 40.31% per year--exorbitant by any standard.
Answer:
-4/1
Step-by-step explanation:
To find the slope, first plot the two points we are given on the provided coordinate plain. Then using rise/run (slope) find the distance between the two points going up and over or rising and running. So we go up 4 and over 1, this means the slope is 4/1. Since the line we just graphed is going top left towards bottom right, it is negative.
Pic included...
I hope this helps u!! :)
At least 680 in sales because 200$-64$ is 136. 136*5=680 because 136 is one fifth or 20% of 680