Answer:
B
Step-by-step explanation:
The amortization period in months is:
30 years * 12 = 360 months
The monthly interest rate would be 5.25%/12 = 0.004375
The payment for monthly mortgage formula would be:
Where
E is the monthly mortgage payment
C is the cost of mortgage, cost is $150,000
r is the monthly rate of interest, which is 0.004375
n is the period, in months, which is 360
Substituting, we get our answer:
So, the correct answer is B
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The value is
or
, since it is in the tenths place.
To compare fractions, we need to have the same denominator
The least common multiple is
16
to change
, we should multiply the numerator and denominator by
4
=
<
so basically,
is greater than
which means
is greater
is greater
Answer:
60
Step-by-step explanation:
Cot is the same as 1/tan so:
By rearranging the equation, we get:
By taking the inverse tan, we get:
