Answer:
Step-by-step explanation:
How to find the amount of interest owed for the first year of the loan?
To calculate the interest owed for the first year of the loan, we need to consider the loan amount, the annual interest rate, and the loan term.
In this case, borrowing $700,000 for 16 years at an annual interest rate of 7.4%.
The interest owed for the first year can be determined by multiplying the loan amount by the annual interest rate:
Interest = Loan Amount * Annual Interest Rate
Interest = $700,000 * 0.074
Calculating this, we find that the interest owed for the first year is approximately $51,800.30.
Answer: n = 4
Step-by-step explanation: To solve for n, we first isolate the term containing n which is 6n.
Since 8 is being subtracted from 6n,
we add 8 to both sides of the equation.
On the left, the -8 and +8 cancel out and on the right, 16 + 8 is 24.
So we have 6n = 24.
Now we can finish things off by just
dividing both sides of the equation by 6.
On the left the 6's cancel and on the right, 24 divided by 6 is 4.
So we have n = 4.
Answer:
n = 4
Step-by-step explanation:
6n - 8 = 16
Add 8 on both sides.
6n = 16 + 8
6n = 24
Divide 6 into both sides.
n = 24/6
n = 4
The value of n in the equation is 4.
Simplify. x 0 yz -3
Answer:
y / z^3
Step-by-step explanation:
x^0 is 1 because anything to the zero power is 1
1 *y z^-3
We know a^-b = 1/a^b
y / z^3
Answer:
Step-by-step explanation:
x⁰yz-³
1y +