The payments are ...
A = P(r/n)/(1 -(1+r/n)^(-nt))
where P is the principal amount, $699,000*0.80 = $559,200
r is the annual interest rate, 0.05
n is the number of compoundings per year, 12
t is the number of years.
Then
A = 559,200*(0.05/12)/(1 -(1 +0.05/12)^(-12*35)) = 2822.21
The total of 420 of these payments is $1,185,328.20, which is $626,128.20 more than the loan amount.
Jamie's total finance charge is about $626,128.20.
_____
There is always some minor adustment required in the amount of the last payment. That has not been taken into account here.
Answer:
Ratio is 1:3
Step-by-step explanation:
Given that a jewellery shop sells 240 necklaces in a month. 180 were sold via the shops website, the rest were sold in a high street shop.
We have to work out the ratio for online sales to shop sales
Total sales .. 240
Shop sale .. 180
Online sa .. 60
Hence ratio for online sales:shop sales
Answer:
8
Step-by-step explanation:
2 : 4
8 : 16
Answer:
x= 56
Step-by-step explanation:
86+94= 180 which if supplementary angles have to equal 180°
I don't know if you can tell but what's in red means distribute
then I added 26 on both sides with like terms
on the left side 86+26=112 and right side is left with 2x
then divide both sides by 2 to leave x by itself
112/2= 56 and 2x/2=x
so 56=x
