Since there was a down payment, the actual amount borrowed was
Amount borrowed, P=125000-25000=100000
interest, i = 4% (APR) = 0.04/12 per month (ASSUME compounded monthly)
Monthly payment = $577
To find the amortization portion of the first payment, we need the interest accumulated at the end of the first month (first payment)
= 100000*(0.04/12) = 333.33 (nearest cent)
Therefore amortization portion = $577-333.33 = 243.67 (to the nearest cent)
(by the way, if we need to know the amortization period, we have to use the amortization formula and estimate the number of months, n to give a monthly payment of 577 for the given principal. n can be calculated as 259.04 months, or over 21 years and 7 months).
Answer:
1. Determine the slope of line AB: 4/3
2. Determine the slope of line DC: 4/3
3. Determine the length of line AB: 5
4. Determine the length of line DC: 5
Answer:
Yes
Step-by-step explanation:
Answer:
B
Step-by-step explanation:
x² - 4x - 7 = 0
(x - 2)² = 11
Answer:
15degrees
Step-by-step explanation:
From the given diagram
<1+<2 + <DCB = 180
<1+<2+120 = 180
<1+<2 = 180 - 120
<1+<2 = 60
<2 = 60 - <1
<2 = 60 - 45
<2 = 15degrees
Hence the measure <2 is 15degree
