They can be the same price at 40 miles because 50+1(40) is 90 and 10+2(40) is 90
If you add all them together you get the answer of 454/45
P=1560000
APR=5.6%
monthly interest, i=5.6%/12=7/1500 [fractions keep exact values]
R=1+i=1+7/1500
# of periods, n=30 years = 360 periods
monthly payment, A
A=PR^n(i)/(R^n-1)
=1560000*(1+7/1500)^360*(7/1500)/((1+7/1500)^360-1)
=$8955.632
At the end of eight years,
number of periods, n1 = 8*12 = 96
If paid off at the end of 8 years, value of loan then
future value of principal
F1=PR^n1=1560000*(1+7/1500)^96=2439135.635
future value of payments
F2=A(R^n1-1)/i=8955.632*(1+7/1500)^96-1)/(7/1500)=1081485.620
Therefore the balloon payment
= future value of principal (owing) - future value of payments (paid)
=F1-F2
=2439135.635-1081485.620
=1357650.0152
Round to two places after decimal to get final answer.
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Explanation:</h2><h2>
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Hello! Remember you need to write complete questions in order to get good and exact answers. Here we know nothing about the students so I can only help you providing the correct steps to find <em>the product of a number and eight is 104:</em>
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Let that number be
, then the statement can be written in a mathematical language as follows:

Finally, <em>the unknown number is 13</em>