16 ÷ 12 = 1.33333.....
The answer lies in between the number 1 and 2.
Answer:
96
Step-by-step explanation:
The loan duration is for 8 years, a total of 12·8 = 96 monthly payments. The 96th payment is the balloon payment.
It is 25-6 7 :) that gonna be right
Answer:
Simplifying
(20m + 3) + -1(7m + -5) = 0
Reorder the terms:
(3 + 20m) + -1(7m + -5) = 0
Remove parenthesis around (3 + 20m)
3 + 20m + -1(7m + -5) = 0
Reorder the terms:
3 + 20m + -1(-5 + 7m) = 0
3 + 20m + (-5 * -1 + 7m * -1) = 0
3 + 20m + (5 + -7m) = 0
Reorder the terms:
3 + 5 + 20m + -7m = 0
Combine like terms: 3 + 5 = 8
8 + 20m + -7m = 0
Combine like terms: 20m + -7m = 13m
8 + 13m = 0
Solving
8 + 13m = 0
Solving for variable 'm'.
Move all terms containing m to the left, all other terms to the right.
Add '-8' to each side of the equation.
8 + -8 + 13m = 0 + -8
Combine like terms: 8 + -8 = 0
0 + 13m = 0 + -8
13m = 0 + -8
Combine like terms: 0 + -8 = -8
13m = -8
Divide each side by '13'.
m = -0.6153846154
Simplifying
m = -0.6153846154Step-by-step explanation:
