davidoj13
03.08.2019 •
Mathematics
Two companies in town sell gravel. company a sells it for 11 cents a cubic foot. company b sells it for 3 dollars a cubic yard. if you need 20 cubic yards of gravel, where should you buy it? how much money will you save?
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Ответ:
Ответ:
b. $2,605.87
Step-by-step explanation:
The price of the house is $445,500. You put 5% down for 30 year loan with a fixed rate of 6.25%.
So the current amount to be paid is,
We know that,
Here,
PV = Present value of annuity = $423,225
P = payment per period,
r = rate of interest per period = monthly
n = number of period = 30 years = 360 months,
Putting the values,