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CameronVand21
02.07.2019 •
Mathematics
Joe and victoria take out a $200,000 loan for a real estate investment. the $200,000 is compounded monthly for 20 years at a 4.5% interest rate. what is the estimated total amount paid on the loan?
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Ответ:
Use the Compound Amount formula:
A = P(1 + r/n)^(nt), where P is the principal ($200,000), r is the interest rate as a decimal fraction (0.045), n is the number of compounding periods (240), and t is the number of years (20).
In this case
A = $200,000 ( 1 + 0.045/12)^(12*20)
= $491,093.27
Ответ:
1.) -5.1
2.) personally I would not convert the way the would. There is a quicker way of converting that to decimal so idk exactly what they are doing unfortunately I can't help with you at the moment. I would need more time.
3.) Point C is the the opposite of -3.3
4.) D. 5.3333333 is a rational number
5.) All the points on the graph could represent rational numbers
6.) Simply Divide 2 by 6 to get repeating decimal
7.) -20.75 should be correct
Step-by-step explanation: