Answer:
$198,859.03
Step-by-step explanation:
The amortization formula is good for this. Fill in the given numbers and solve for the unknown.
A = P(r/n)/(1 -(1 +r/n)^(-nt))
where A is the monthly payment, P is the principal amount of the loan, r is the annual interest rate, n is the number of times per year interest is compounded, and t is the number of years.
1340.00 = P(0.0525/12)/(1 -(1 +0.0525/12)^(-12·20)) ≈ 0.00673844·P
P ≈ 1340/0.00673844 ≈ $198,859.03
The family can afford a loan for $198,859.
The decimal answer of -11/9 would be -1.22 with the .22 repeated.
Answer:
hope it helps you
Step-by-step explanation:
pls kindly mark it brainliest answer
Answer:
pounds
Step-by-step explanation:
The customer will be charged extra if the weight of their suitcase is above 48 pounds.
Let the weight of the suitcase = w (in pounds)
Therefore, w above (greater than) 48 pounds is written mathematically as:
pounds
This is the inequality that represents w, the weight of the suitcase in pounds, that will have an extra charge.
4n+15=70+n
I'm pretty sure this is the answer
Have a good day!