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13.07.2019 •
Mathematics
2. kerry has a $1,973-per-month mortgage payment. he decides to refinance his $204,000 balance at 5% over 20 years. what's his new monthly payment?
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Ответ:
The formula for the amount of a monthly payment A on principal amount P at interest rate i loaned for t years is given by
... A = P(i/12)/(1 -(1 +i/12)^(-12t))
Filling in the given values, this is
... A = $204000(.05/12)/(1 -(1 +.05/12)^(-12·20)) ≈ $1346.31
Ответ:
answer:
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