The total loan payment = 300,000 * 10 Years = $3,000,000
There is a total loan cost formula solved for principal:
principal = (Total - Total * ((1 + rate)^ - # of years * 12) / (rate * # of years * 12)
The rate is the monthly loan rate = rate / 1,200 = 8 / 1,200 =
.0066666666...
principal =(3,000,000 - 3,000,000 * (1.0066666666)^-120) / (.0066666666 * 120)
<span>principal =(3,000,000 - (3,000,000 * 0.4505234643) / .8
</span>
principal =(3,000,000 -
<span>
<span>
<span>
1,351,570.39) / .8
</span></span></span>
<span>principal = 1,648,429.61</span> / .8<span><span>
</span>
</span>
<span><span>
</span>
</span>
<span><span><span>
</span></span></span><span><span><span>principal = 2,060,537.01
</span>
</span>
</span>
Source:
http://www.1728.org/loanfrm4.htm
17.1 to the nearest tenths place is 17.1.
Answer:
What ever it is, it should be minus. a = - 2
Step-by-step explanation:
Givens
v1 = - 2
v2 = - 10
t = 4 seconds
formula
a = (vf - vi)/t
Solution
a = (-10 - (-2)) / 4
a = (-10 + 2) / 4
a = (-8)/4
a = -2 m/s^2
Answer:
23 is a prime number. 11 is a prime number. 25 is a composite number. and 19 is a prime number.
Step-by-step explanation: