Donna took out a 25-year loan for $115,000 at an apr of 7.2%, compounded monthly, and she is making monthly payments of $827.53. what will her balance be with 15 years left on the loan?

Her balance would be $ 90,931.84.

Step-by-step explanation:

The future value of a loan is,

Where, P.V. is the present value of the loan,

i is the rate per period,

Pmt is Payment per period,

n is the number of periods,

Here, P.V. = $ 115000,

Also the payment is paid per month,

And, annual rate of interest = 7.2 % = 0.072,

So, the rate per period ( per month ) =

( 1 year = 12 months )

Pmt = $827.53

Number of years = 25 - 15 = 10 years ( 25-year loan and we have to find her balance when 15 years left )

So, the number of periods, n = 12 × 10 = 120 months

Hence, by the above formula her balance when 15 years left is,

1)is not similar since corresponding sides are not in the same ratio

2)are similar since corresponding sides are in the same ratio and corresponding angles are equal

hope it will

#faazmessi

complete the steps to find the area of the trapezoid.

area of rectangle = 256   square units

area of triangle 1 = 24  square units

area of triangle 2 = 16  square units

area of triangle 3 =   96 square units

area of trapezoid = 120  square units

step-by-step explanation: