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Your home mortgage is $300,000 for 30 years with a nominal annual rate of 7%. The monthly payment is most nearly:
Solution: n = 360 months interest = 7%-annual ÷ 12-months/year
= 0.583% per month
$300,000(A/P, 0.00583, 360) = Apply the equation:
i (1+i)n/ (1+i)n -1
= 0.006650339
A = 300,000 x 0.006650339 = $1,995.10 per month
Categories of losses of prestress We may put various losses in either of two categories : Losses which take place during transfer of prestress and those which take place after
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how to calculate the size of drainage(box) width and height?
Cost-volume relationship: Cost-volume relationship is illustrated through a simple example dealing with the cost of operating an automobile. To perform the analysis following
Break even point: EM Electricals, Inc., contains fixed costs of Rs. 600,000 this period. Variable costs involved labour charges of Rs.100 per unit and material cost of Rs. 200
please discuss about trenches
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different components of all types of earth fill dam
I. A horizontal 500 lb force acts at a point D of crankshaft AB which is held in static equilibrium by a twisting couple and by reactions at A and B. Knowing that the bearings are
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