INITIAL VALUE HOPEFULLY IM SO SORRY IF ITS WRONG
Answer:
The exact Value: x=0
The function operation: 4<em>xsquared</em> = x = x =
2 x = x =
Step-By-Step:
The applicable formula is
A = P(r/12)/(1 -(1+r/12)^(-12n))
where P is the principal amount,
r is the annual interest rate (compounded monthly), and
n is the number of years.
Using the formula, we find
A = 84,400*(0.04884/12)/(1 -(1+0.04884/12)^(-12*15))
= 84,400*0.00407/(1 -1.00407^-180)
= 343.508/0.518627
≈ 662.34
The monthly payment on a mortgage of $84,400 for 15 years at 4.884% will be
$662.34
I believe it’s x=2.5 or x=2 1/2 or x=5/2
They are all the same answers in different forms . Hope it’s right
Steve payed $4 in tax because 10% of 40 is 4. Steve payed $44 in total because 4+40=44.
