Please show the work process. Thank you so much. 47. Use an amortization table o
ID: 3418564 • Letter: P
Question
Please show the work process. Thank you so much.
47. Use an amortization table or your calculator to solve the problem. Round to the nearest cent.
The monthly payments on a $79,000 loan at 12% annual interest are $869.79. How much of the first monthly payment will go toward interest?
$790.00 B) $948.00 C) $765.42 D) $104.37
38. How many ways are there of winning the World Series in exactly 7 games if the winning team loses the first game?
A) 15 ways B) 6 ways C) 10 ways D) 8 ways
Explanation / Answer
47)The monthly payments on a $79,000 loan at 12% annual interest are $869.79.
then How much of the first monthly payment will go toward interest.
total annual interest is:$869.79
then monthly interest is:below $869.79 or 12 th part of this
so answer is:$104.37
38) total ways are there of winning the World Series in exactly 7 games is:7
but already loses one game so:
Total ways are there of winning the World Series in exactly 7 games if the winning team loses the first game?
=7-1=6 ways.