X=4 and y=6
For this, you should use simultaneous equations
A homogeneous mixture has the same uniform appearance and composition throughout. Many homogeneous mixtures are commonly referred to as solutions. A heterogeneous mixture consists of visibly different substances or phases. The three phases or states of matter are gas, liquid, and solid.
Part A: monthly payment
Initial loan after downpayment,
P = 320000-20000= 300,000
Interest rate per month,
i = 0.06/12= 0.005
Number of periods,
n = 30*12= 360
Monthly payment,
A = P*(i*(1+i)^n)/((1+i)^n-1)
= 300000(0.005(1.005)^360)/(1.005^360-1)
= 1798.65
Part B: Equities
Equity after y years
E(y) = what they have paid after deduction of interest
= Future value of monthly payments - cumulated interest of net loan
= A((1+i)^y-1)/i - P((1+i)^y-1)
= 1798.65(1.005^y-1)/.005 - 300000(1.005^y-1)
= (1798.65/.005-300000)(1.005^y-1)
Equity E
for y = 5 years = 60 months
E(60) = (1798.65/.005-300000)(1.005^60-1) = 18846.17
for y = 10 years = 120 months
E(120) = (1798.65/.005-300000)(1.005^120-1) = 45036.91
y = 20 years = 240 months
E(240) = (1798.65/.005-300000)(1.005^240-1) = 132016.53
Check: equity after 30 years
y = 30 years = 360 months
E(360) = (1798.65/.005-300000)(1.005^360-1) = 300000.00 .... correct.
Answer:
nothing
Step-by-step explanation:
Loan payments are <em>linear in the loan amount</em> for a given rate and period, so the payments for loans of $2000 and $1000 sum to the amount of payments for a loan of $3000.
The only possible savings (or cost) might come from rounding to the nearest cent. (In any event, the final payment on each loan should make up for any differences due to rounding.)
Answer:
it is a horizontal stretch by 2.
Step-by-step explanation:
AB=3-1=2
A'B'=6-2=4
