<em>Your answer is the following.</em>
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<em>Answer = 19/50
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Amount of the mortgage after down payment is
160,000−160,000×0.2=128,000
Now use the formula of the present value of annuity ordinary to find the yearly payment
The formula is
Pv=pmt [(1-(1+r)^(-n))÷r]
Pv present value 128000
PMT yearly payment?
R interest rate 0.085
N time 25 years
Solve the formula for PMT
PMT=pv÷[(1-(1+r)^(-n))÷r]
PMT= 128,000÷((1−(1+0.085)^(
−25))÷(0.085))
=12,507.10 ....answer
Answer:
Step-by-step explanation:
what are the vocabulary words that u are supposed to use?
Answer:
the value is k=
Step-by-step explanation:
Answer:
360 centimeters squared
Step-by-step explanation:
