Mathematics, 14.02.2022 14:00 ariloveshorses
The mortgage was a personal, amortized loan for $91,000, at an interest rate of 3.75%, with monthly payments for a term of 30 years. Find Ahmad's monthly payment
Answers: 1
![~~~~~~~~~~~~ \textit{Amortized Loan Value} \\\\ pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left( 1+ \frac{r}{n}\right)^{-nt}} \right]\implies pymt=P\left[ \cfrac{\frac{r}{n}}{1-\left(\frac{n}{n+r}\right)^{nt}} \right]](/tpl/images/2658/5723/6b390.png)
![pymt=91000\left[ \cfrac{\frac{0.0375}{12}}{1-\left(\frac{12}{12+0.0375}\right)^{12\cdot 30}} \right] \implies pymt=91000\left[ \cfrac{0.003125}{1-\left(\frac{12}{12.0375}\right)^{360}} \right] \\\\[-0.35em] ~\dotfill\\\\ ~\hfill pymt\approx 421.44~\hfill](/tpl/images/2658/5723/65d71.png)
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 14:00, Laocean9281
With #! i’ve tried to figure it out but i can’t.
Answers: 2
Mathematics, 21.06.2019 18:30, AgentPangolin
If, while training for a marathon, you ran 60 miles in 2/3 months, how many miles did you run each month? (assume you ran the same amount each month) write your answer as a whole number, proper fraction, or mixed number in simplest form. you ran __ miles each month.
Answers: 1
Mathematics, 22.06.2019 01:30, KillerSteamcar
Jacob is graphing the line represented by the equation −6x−5y=12.−6x−5y=12. he first plots the x-x- and y-interceptsy-intercepts as follows. which statement is correct regarding the intercepts on the graph?
Answers: 1
You know the right answer?
The mortgage was a personal, amortized loan for $91,000, at an interest rate of 3.75%, with monthly...
Questions in other subjects:
Mathematics, 24.10.2019 12:43
Mathematics, 24.10.2019 12:43
