Answer:
$1516.69 per month less
Step-by-step explanation:
The formula for the monthly payment A on a loan of principal P, annual rate r, for t years is ...
A = P(r/12)/(1 -(1 +r/12)^(-12t))
For the 18.5% loan, the monthly payment is ...
A = 150000(.185/12)/(1 -(1 +.185/12)^(-12·30)) ≈ 2321.92
For the 5% loan, the monthly payment is ...
A = 150000(.05/12)/(1 -(1 +.05/12)^-360) ≈ 805.23
The mortgage at 5% would be $1516.69 less per month.
Step-by-step explanation:
Answer:
Step-by-step explanation:
Let f(x) be the 3rd degree polynomial function.
The roots of this function are:
x=-2, x=-1 and x=3.
The factored form is:
This equation passes through (2,12)
This implies that;
The polynomial function is
Answer:
$2,070
Step-by-step explanation:
1200*0.0725=870
the amount of tax is $870
1200+870=2070
3/25 is the correct answer.
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