Mathematics: He hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. what is the monthly payment? my answer is $7337.65, will someone assist in checking and or correcting? you

He hughes purchased a new condo for $ 1,000,000.

Ответ:

bsept7704

14.03.2022

P = A/D

Where, P = monthly payments, A = Total amount =$1,000,000

$D = \frac{ (1+ \frac{r}{12}) ^{12t} -1}{ \frac{r}{12} (1+ \frac{r}{12} )^{12t} }$

t= 30 years
r= 8% = 0.08
Therefore,
$D= \frac{ (1+ \frac{0.08}{12}) ^{12*30} -1}{ \frac{0.08}{12} (1+ \frac{0.08}{12}) ^{12*30} }$ = 136.28

Then,

P= 1000000/136.28 = $7,337.65

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Ответ:

shjblover812

25.07.2022

Mathematics

For number 3: in 2001 around 25 kids have there hair colored because the dot on the graph is close to 20 and 30.

For number 5: Around 100 because the graph seems to be decreasing.

Step-by-step explanation:

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He hughes purchased a new condo for $ 1,000,000. at 8 % for 30 years. what is the monthly payment? my answer is $7337.65, will someone assist in checking and or correcting? you

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