A charity is building a home for a low-income family. The house will cost $85,000.00 to build. The family will make monthly payments of $250.00 until the loan is paid. (a) How long will it take for the family to pay off the loan? (b) What monthly payments would it take to pay off the loan if they were charged 6% interest and the length of the loan were the same as in part (a
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
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Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
A charity is building a home for a low-income family. The house will cost $85,000.00 to build. The family will make monthly payments of $250.00 until the loan is paid.
(a) How long will it take for the family to pay off the loan?
(b) What monthly payments would it take to pay off the loan if they were charged 6% interest and the length of the loan were the same as in part (a)?
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