A loan is paid off in 15 years with a total of $192,000. It had a 4% interest rate that compounded monthly. What was the principal?

9514 1404 393

  $144,205.41

Step-by-step explanation:

The relation between monthly payment A and principal P is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t))

where the loan earns interest at annual rate r for t years. Here, the monthly payment is $192,000/(180 months) = $1066.67 /month.

Then we have ...

  P = ($1066.67)(12/0.04)(1 -(1+0.04/12)^-180) = $144,205.41

The result varies slightly depending on whether you round the monthly payment to the nearest cent. If you do that (as we have here), you find the total paid is $192,000.60 and the principal is higher by about $0.45.

first anwser choice.

step-by-step explanation:

the greater/less or equal to symbol (> or < with the line at the bottom) is a closed/filled in circle.

-5c + 2 _< _27

subtract from both sides by 2

-5c _< _ 27

divide both sides by -5

c _< _ 5.4

flip the inequality sign

c _> _5.4

the only possible answer that would match the simplified inequality is the first answer choice

i think it's ф or x=6,-6

step-by-step explanation:

-x^2=-36

x^2=-36

ф

or

if you mean by : -(x^2)=-36

it'll be: x^2=36

x=6,x=-6

hope it'll ! have a good day!

you for asking!