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
Answer:
-6/5
Step-by-step explanation:
slope =coefficient of x
No because there has to be a remaining opposite persent
Answer:
i might be wrong but 8 if not (2,8) if not sorry
Step-by-step explanation:
Opposite sides of a parallelogram are congruent.
3x+ 2= 4x-3
Subtract 3x from both sides
2= x -3
Add 3 to both sides
5= x
2y+7=4y-9
Subtract 2y from both sides
7= 2y -9
Add 9 to both sides
16 = 2y
Divide by 2 on both sides
8 = y
