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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
A retaining wall with a smooth vertical back retains a purely cohesive fill. Height of wall is 12 m. Unit weight of fill is 20 kN/m 3 . Cohesion is 1 N/cm 2 . What is the total act
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