Answer:
$875.39
Step-by-step explanation:
1) Divide the tax rate (6.500%) by 100 to get a decimal rate of 0.06500.
2) Multiply the purchase price ($821.95) by the 0.06500 to get a sales tax amount of $53.43.
3) Add the $53.43 sales tax to the $821.95 price to get a total of $875.38.
4) Round $875.38
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
...........................................................
Your answer should be 7/12
2x-8(-7-x)=6
2x+56+8x=6
10x=-50
x=-5
y=-7-(-5)
y=-2
(-5,-2)
