Mathematics, 04.03.2020 02:51 farihasy6508
Consider a three-year loan (so we'll assume the numbers 1 through 36) for $5,000 with interest at 10% per year. Using standard amortization, the monthly payment is $161.33. In this example, we will not worry about exact or ordinary interest because the total interest to be paid is $808.13.
After the fifth month, the borrower decides to prepay the whole loan. Under a standard amortization plan the borrower would have paid $198.28 in cumulative interest. However, using the Rule of 78 a lender would calculate the fraction of the total interest based on two series:
{(n+35)+(n+34)+(n+33)+(n+32)+(n+31) }
{(n)+(n+1)+...+(n+35)}
Answers: 2
Mathematics, 20.06.2019 18:04
For a read-a-thon, jay and odhrà n each started reading a book at the same time and continued reading for several hours. jay's book had 278 pages, and he read 55 pages per hour. odhrà n's book had 238 pages, and he read 45 pages per hour. after how many hours did they have the same number of pages left, and how many pages were left?
Answers: 2
Mathematics, 21.06.2019 17:30
Asailor is looking at a kite. if he is looking at the kite at an angle of elevation of 36and the distance from the boat to the point where the kite is directly overhead is 40 feet, how high is the kite?
Answers: 1
Mathematics, 21.06.2019 18:00
Find the number of liters in 12.8 gal of gasoline. round to the nearest hundredths
Answers: 2
Mathematics, 21.06.2019 21:30
50 plz, given the system of equations, match the following items. x + 3 y = 5 x - 3 y = -1 a) x-determinant b) y-determinant c) system determinant match the following to the pictures below.
Answers: 2
Consider a three-year loan (so we'll assume the numbers 1 through 36) for $5,000 with interest at 10...
English, 16.02.2021 06:10
Advanced Placement (AP), 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
English, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Mathematics, 16.02.2021 06:10
Social Studies, 16.02.2021 06:10
History, 16.02.2021 06:10