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.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
2x in common (slope)
Step-by-step explanation:
similar because they both have a slope of 2
different because the 2nd equation has a y intercept of 3
Answer:
n=0
Step-by-step explanation:
Clear parenthesis w/ distribution:
3(-7n+1)=-21n+3
Move everything over to one side:
6n+3=-21n+3
6n=21n Subtract the 3 on the right.
-15n=0 Subtract the 21.
n=0 Divide the -15.
Answer:
<em>Choice: B.</em>
Step-by-step explanation:
<u>Operations With Functions</u>
Given the functions:
The function (g-f)(x) can be obtained by replacing both functions and subtracting them as follows:
Operating:
Joining like terms:
Choice: B.
The answer is 6/5 (six over five) 100 divided by 20