Answer:
Principal element is $475.43
Interest payment is $390
Step-by-step explanation:
The amount of interest paid in month one is 4%*$117,000*1/12=$390
The interest is calculated based on the annual interest rate of 4% apportioned to reflect one month interest by multiplying by 1/12
The principal element of monthly payment is the monthly payment minus interest.
principal paid in month one=$865.43-$390=$475.43
Ultimately,$475.43 goes toward reducing her loan balance while the $390 is interest on loan
Answer: 24p^6
<em>How to: </em><u><em>Simplify the expression.</em></u>
<em>Have a great day ! Sorry if it's wrong :)</em>
Answer:
x = 1, y = 60
Step-by-step explanation:
Value of new-releases (x) = $20 each
Value of classic (y) = $8 each
Total budget = $500
Equation : 20x + 8y = 500
The librarian wants to purchase maximum DVDs. She can get more DVDs of classic movies for $8 as they are less costly.
Lets assume the librarian buys at least one new-release DVD.
x=1
20x + 8y = 500
8y + 20(1) = 500
y = 60
<em>Therefore, in a budget of $500, the librarian can purchase 60 classic movies and 1 new-release.</em>
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