Present value = 135000
Monthly interest, i = 0.06/12 = 0.005
Monthly payment, A= 869.81
Future value of loan after 16 years

[compound interest formula]


Future value of payments after 16 years



Balance = future value of loan - future value of payments
=351736.652-279288.456
= $ 72448.20
Note: the exact monthly payment for a 25-year mortgage is



Repeating the previous calculation with this "exact" monthly payment gives
Balance = 72448.197, very close to one of the choices.
So we conclude that the exact value obtained above differs from the answer choices is due to the precision (or lack of it) of the provided data.
The closest choice is therefore <span>$72,449.19</span>
The value of expression is 7.
<h3>What is expression?</h3>
An expression is a combination of numbers, variables, functions (such as addition, subtraction, multiplication or division etc.)
Given:

Now, using property of log
a log b
So,
= 7 log 10
As log 10 = 1
= 7 (1)
= 7
Learn more expression here:
brainly.com/question/14083225
#SPJ1
"In three more years,Miguel's grandfather will be six times as old as Miguel was last year. When Miguel's present age is added to his grandfather's present age, the total is 68. How old is each one now?"
Miguel is 11 years old and his grandfather is 57 years old.
Last year Miguel was 10. In three more years his grandfather would be 60. 60/6=10. 11+57=68
Answer:
25.8
258.
2580.
Step-by-step explanation:
just move the decimal that many times
2/3 is the answer in lowest terms. i hope this helps!