Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Ask your questions and receive precise answers from experienced professionals across different disciplines. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
Answer:
3396.65
Step-by-step explanation:
Let's start by cacluating the amount the bank is loaning us
800000*.8=640000
Let's now calculate the effective rate: .049/12= .004083333333
let x= payment
[tex]640000=x\frac{1-(1+.004083333333)^{-30*12}}{.004083333333}\\x=3396.651012[/tex]
We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.