9514 1404 393
Answer:
- loan: $157,823
- repaid: $378,000
- interest: $220,177
Step-by-step explanation:
For a loan value of 1, the monthly payment on a 30 year loan at 7% is ...
A = (0.07/12)/(1 -(1 +0.07/12)^(-12·30)) ≈ 0.00665302495
Then the amount repaid after 360 payments is ...
360A = 2.39508898 . . . times the principal amount
__
a) For a monthly payment of $1050, the principal can be ...
$1050/0.00665302495 ≈ $157,823
__
b) The amount repaid to the loan company is ...
$157,823×2.39508898 ≈ $378,000
__
c) The amount that is interest is ...
$378,000 -157,823 = $220,177
Answer:
Step-by-step explanation:
a^2+6^2 = 23^2
a^2 = 23^2 - 6^2
a^2 = 529 - 36
a^2 = 493
a = √493
a = 22,20
Answer:
B
Step-by-step explanation:
54/6=9 meaning each face has an area of 9.
Meaning each side has an area of 3.
That means the volume is 3*3*3=27
Answer:
6300
Step-by-step explanation:
The probability of drawing a spade is 13/52 = 1/4
Because every hand has 13 cards and there is 52 cards in a deck
The probability of drawing a 7 is 4/52 or 1/13
Because there are seven 7 cards in a deck and 52 cards.
