Answer:
The balance be after he has made exactly half of his monthly payments is $56881.4.
Step-by-step explanation:
Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.
To find : What will his balance be after he has made exactly half of his monthly payments?
Solution :
Formula of monthly payment ,
Discount factor
Where, Amount = $40,000
Rate r= 4% compounded monthly
Time = 10 years
Now, put all the values we get,
Half of the monthly payment is $807.345
Payment for 10 years is 
The balance is $96881.4-$40000=$56881.4
Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.
Answer:
<h3>10</h3>
Step-by-step explanation:
If point I is on the line segment HJ, then HI+IJ = HJ
Given the parameters
H I = 2 x
H J = 4 x
IJ=4x−10
Substituting the given parameters into the formula;
2x+4x-10 = 4x
6x-10 = 4x
collect like terms
6x-4x = 10
2x = 10
divide both sides b 2;
2x/2 = 10/2
x = 5
Since IJ = 4x-10
Substitute x = 5 into IJ
IJ = 4(5)-10
IJ = 20-10
IJ = 10
Answer:
48
Step-by-step explanation:
0.8 times 60= 48
It’s a. Start at the y intercept and rise over run to the next point.
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