Monthly payments, P = {R/12*A}/{1- (1+R/12)^-12n}
Where R = APR = 4.4% = 0.044, A = Amount borrowed = $60,000, n = Time the loan will be repaid
For 20 years, n = 20 years
P1 = {0.044/12*60000}/{1- (1+0.044/12)^-12*20} = $376.36
Total amount to be paid in 20 years, A1 = 376.36*20*12 = $90,326.30
For 3 years early, n = 17 year
P2 = {0.044/12*60,000}/{1-(1+0.044/12)^-12*17} = $418.22
Total amount to be paid in 17 years, A2 = 418.22*17*12 = $85,316.98
The saving when the loan is paid off 3 year early = A1-A2 = 90,326.30 - 85,316.98 = $5,009.32
Therefore, the approximate amount of savings is A. $4,516.32. This value is lower than the one calculated since the time of repaying the loan does not change. After 17 years, the borrower only clears the remaining amount of the principle amount.
1.5r+15=2.25r
First of all, you have to arrange the numbers according to those similar to them. So that will be;
15=2.25r-1.5r
1.5r is subtracted from 2.25r because it crossed over an equality sign to get its position close to 2.25r. And when a number crosses over an equality sign, the sign on the number chages to the opposite. 1.5r has an invisible positive sign which became negative when it crossed. Anyway;
2.25r-1.5r is the same as 2.25-1.5. And that is 0.75r
Therefore;
15=0.75r
To find out what r is, you have to divide the both sides by 0.75. This is done to remove the 0.75 close to r to finally reveal what r is. Anyway;
15/0.75=0.75r/0.75
15 divided by 0.75 is 20. And 0.75r divided by 0.75 is r. So;
20=r
r=20. So the answer is 20 movies. Hope i helped. Have a nice day.
Answer: find the answers in the explanation.
Step-by-step explanation:
Given that the predicted Number of Text Messages Sent = 60 – 0.8 • Age
Where the slope = - 0.8
The intercept = 60
1) the slope of the least regression line is -0.8
2.) The unit of the slope of the line is text per year
3.) Therefore, the slope of the line tells you that for every year older the smart phone user is, you can expect a typical average in text messages sent of - 0.8
4.) The y - intercept of the least square regression line is 60
5.) The unit of the y - intercept of the line are text sent
6.) The y - intercept of the line tells you the starting point. The first number of text messages sent.
