The formula is:
deaths/population x 100,000, no parentheses
State pop. (nearest 100,000) deaths rate
per 100,000
California 39,500,000 1,809 5
Texas 29,000,000 690 2
Florida 21,500,000 1,154 5
New York 19,500,000 17,638 90
Pennsylvania 12,800,000 1,716 13
Illinois 12,700,000 2,125 17
Ohio 11,700,000 799 7
Georgia 10,600,000 1,026 10
North Carolina 10,500,000 342 3
Michigan 10,000,000 3,567 36
The total you will pay back is given by
Total = A * (1 + r*y)
The monthly formula is
Monthly = Total/(12 * y)
Make sure to use the parentheses.
Round answers to the
nearest dollar.
If you
borrow $50,000 at 5% and have a fifteen year loan, what is the total you will
pay back? Answer: $87,500
If you
borrow $50,000 at 5% and have a fifteen year loan, what is the monthly payment? Answer: $486
If you
borrow $50,000 at 5% and have a ten year loan, what is the total you will pay
back? Answer: $75,000
If you
borrow $50,000 at 5% and have a ten year loan, what is the monthly payment? Answer: $625
If you know your monthly pay payment Monthly, the number of years to pay the loan back and the rate, the
maximum amount you can borrow is given by
Amount = Monthly * 12 * y / (1 + r*y)
Round the answers to
the nearest dollar.
If you
can afford to pay $1500 a month and you can get a ten year loan at 5%, what is
the largest amount you can borrow?
Amount: $120,000
If you
can afford to pay $1500 a month and you can get a fifteen year loan at 5%, what
is the largest amount you can borrow?
Amount: $154,286
If you
can afford to pay $1500 a month and you can get a twenty year loan at 5%, what
is the largest amount you can borrow?
Amount:
$180,000
If you
can afford to pay $2000 a month and you can get a ten year loan at 5%, what is
the largest amount you can borrow?
Amount: $160,000
No comments:
Post a Comment