Answer:
10=25
Step-by-step explanation:
40=100
4=10
2=5
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
_____
<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
Can you elaborate, please?
Step-by-step explanation:
We have that the fourth term of an arithmetic sequence is
a_4=14
Option C
From the question we are told
What is the fourth term of an arithmetic sequence whose first term is 23 and whose seventh term is 5?
A) 78
B) 32
C) 14
(Explain your work)
Generally the equation for the arithmetic sequence is mathematically given as

Therefore
For seventh term

Therefore
For Fourth term

a_4=14
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