Answer:
S=64
Step-by-step explanation:
if the s is what your looking for
9514 1404 393
Answer:
a. $3,455.20
Step-by-step explanation:
The monthly payment is given by the amortization formula:
A = P(r/12)/(1 -(1 +r/12)^(-12t))
for loan amount P at annual rate r for t years.
For this mortgage, we use P = $530,000, r = 0.068, t = 30.
A = $530,000(0.068/12)/(1 -(1 +0.068/12)^(-360)) ≈ $3,455.20
The monthly payment is $3,455.20.
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<em>Additional comment</em>
In 7 years, the balloon payment will be $481,559.91.
Answer:
y=-2/3x+6
Step-by-step explanation:
Graph it
Answer:
u = (-21)/20
Step-by-step explanation:
Solve for u:
u + 1/4 = (-4)/5
Put each term in u + 1/4 over the common denominator 4: u + 1/4 = (4 u)/4 + 1/4:
(4 u)/4 + 1/4 = -4/5
(4 u)/4 + 1/4 = (4 u + 1)/4:
1/4 (4 u + 1) = -4/5
Multiply both sides of (4 u + 1)/4 = (-4)/5 by 4:
(4 (4 u + 1))/4 = (-4)/5×4
4×(-4)/5 = (4 (-4))/5:
(4 (4 u + 1))/4 = (-4×4)/5
(4 (4 u + 1))/4 = 4/4×(4 u + 1) = 4 u + 1:
4 u + 1 = (-4×4)/5
4 (-4) = -16:
4 u + 1 = (-16)/5
Subtract 1 from both sides:
4 u + (1 - 1) = (-16)/5 - 1
1 - 1 = 0:
4 u = (-16)/5 - 1
Put (-16)/5 - 1 over the common denominator 5. (-16)/5 - 1 = (-16)/5 - 5/5:
4 u = (-16)/5 - 5/5
-16/5 - 5/5 = (-16 - 5)/5:
4 u = (-16 - 5)/5
-16 - 5 = -21:
4 u = (-21)/5
Divide both sides by 4:
u = ((-21)/4)/5
5×4 = 20:
Answer: u = (-21)/20