Answer: A.
Step-by-step explanation:
1/4 is not in fact a natural number, it's a rational number, a ratio.
Step-by-step explanation:
Answer in attached image...
hope it helps
Answer:
C
Y=-2/3+1
Step-by-step explanation:
It would be negative because that is where Y is 0
I would go with -15 that’s what I came up with
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).
