Bianca took out a $2,600 unsubsidized stafford loan. she will be attending school for four years, and she wishes to have the loan paid off five years before its normal ten-year duration is finished. the loan has an interest rate of 6.2%, compounded monthly. how much will she have to pay monthly to avoid interest capitalization? a. $12.40 b. $19.29 c. $13.43 d. $17.36

Answers

Answer 1

The total amount  Bianca has to pay monthly to avoid interest capitalization is $13.43.

What is compound interest?

Compound interest is the amount charged on the principal amount and the accumulated interest with a fixed rate of interest for a time period.

The formula for the final amount of annual payment is given as,

[tex]A_p=P\times\left(\dfrac{r}{1-1+r}\right)^t\\[/tex]

Here, P is principal amount, the rate is r and time period is t.

Bianca took out a $2,600 unsubsidized stafford loan. She will be attending school for four years, and she wishes to have the loan paid off five years before its normal ten-year duration is finished.

Total months in ten years,

[tex]t=10\times12\\t=120[/tex]

The loan has an interest rate of 6.2%, compounded monthly. The interest rate is,

[tex]r=0.062[/tex]

Put the values in the above formula as,

[tex]A_p=(2600)\times\left(\dfrac{0.062}{1-1+0.062}\right)^{120}\\A_p=161.32[/tex]

Total payment paid by her in 1 year of time is,

[tex]M_p=\dfrac{161.32}{12}\\M_p=13.43[/tex]

Thus, the total amount  Bianca has to pay monthly to avoid interest capitalization is $13.43.

Learn more about the compound interest here;

https://brainly.com/question/24274034


Related Questions

Rewrite as a simplified fraction. 2.2666... = ?

Answers

Answer:

[tex]\frac{34}{15}[/tex] or [tex]2 \frac{4}{15}[/tex]

Step-by-step explanation:

Let x equal the decimal. Set up two equations such that the digits after the decimal point are identical.

100x = 226.6666...

10x = 22.6666...

Subtracting the two equations, we have:

90x = 204

x = 204/90

Yesterday, Bethany sent 60 text messages. She said that 15% of those messages were to her best friend. How many text messages did Bethany send to her friend yesterday
(Please explain)

Answers

Answer: 9 Text messages sorry if i'm wrong

Step-by-step explanation: OK so first, this can be answered by using division and variables.

DIVIDE

60 / 10 = 6 which means 6 = 10%

DIVIDE AGAIN

6 / 2 = 3 which is 5%

ADD AND SIMPLIFY

6 + 3 = 9 or 9 = 15%

PLEASE MARK ME BRAINLIEST

write the equation of a line in point slope form that passes through (6,5) and (-3,2)

Answers

Answer:

[tex]y-5 = \frac{1}{3}(x-6)[/tex]

Step-by-step explanation:

Point Slope Form:

[tex]y-y_{1} = m(x-x_{1} )[/tex]

where m = slope

First, you have to find the slope of the line which is the difference in y values divided by the difference in x values.

[tex]m = \frac{y_2 - y_1 }{x_2 - x_1}[/tex]

[tex]m = \frac{2-5}{-3-6}[/tex]

[tex]m = \frac{-3}{-9} \\m = \frac{1}{3}[/tex]

Then plug in the values from either point to complete your equation of the line:

[tex]y-5 = \frac{1}{3}(x-6)[/tex]

The Wyatt family use of a 1/2 gallon jug of milk every three days at what rate do they drink milk?

Answers

Answer:

.166 gallons per day

Step-by-step explanation:

take the half gallon and divide it by the number of days it takes to consume

.5/3=.166

Answer:

1/6

Step-by-step explanation:

Find the rate in gallons per day. Divide

1

2

of a gallon by 3 days.

To divide by 3, multiply by its reciprocal,

1

3

.

1

2

÷3

=

1

2

1

3

=

1

6

The Rudd family drinks milk at a rate of

1

6

of a gallon per day.

what good qualities of a dress maker when she fulfills commitment and abides by what is agreed upon by the customer​

Answers

Answer:

Efficency, for getting work done on time, Skill, for able to do what kind of design is requested to her, A listening and patient ear by understanding what the customer needs and taking down details.

Step-by-step explanation:

Which of the following inverse operations do you perform on the multiplication equation 3x=−27 to isolate the variable?
A.Divide by 3 on both sides of the equation
B.Multiply by 3 on both sides of the equation
C.Add 3 to both sides of the equation
D.Subtract 3 from both sides of the equation

Answers

The answer is A because you would have to divide. In this equation, we are doing multiplication so we have to do the inverse operation which would be division. We are trying to get x by itself so we would have to divide each side by 3. If you do that to each side, the left side would be left as just x, and the right side of the equation would be -9 because -27 divided by 3 would equal -9. Hope this helps!

Show your work. The height of players in inches for a basketball team is: 85. 83. 76. 78. 89. 80. 79 81. 74. 82, 82, 84, 80, 84 The height of players in inches for a soccer team 7 70, 65, 79, 80, 69, 66, 71, 70, 74, 62, 65, 74, 74. 79, 70, 71, 72, 69, 77, 74, 70, G7, 67, 72 What is the approximate mean height difierenco between the two sports? 1. Find the mean of the basketball team. 2.5 points 2. Find the mean of the soccer team. 2.5 points 3. What is the approximate mean height difference between the two sports? 5 points​

Answers

"Basketball players are generally taller.

Basketball player heights vary slightly more.

Step-by-step explanation:

I hope this helps!

Basketball players are taller because the average (mean) of basketball players is greater than soccer players.

Basketball player heights vary more because the MAD is greater or more than the soccer players."

If the volume of a square based pyramid is 300 centimeters cubed with a height of 9 centimeters, then what is the length of the base?

A: 5.77
B: 7
C: 10
D: 100

Answers

Answer:

the answer is c

Step-by-step explanation:

1/3a^2h

=1/3x10^2x9

=300 feet^3

need help and can yall explainnn

Answers

Answer:

you add both the purchases then find 7% of them

Step-by-step explanation:

well the answer is 254.66 if you needed the answer and not just the explanation

Answer:

254.66

Step-by-step explanation:

Total before tax:

225.45 +12.55 = 238

To get tax, you multiply the total times the percent

(7%=.07)

238 x .07 = 16.66 (this is the amount for tax)

16.66 + 238 =

Mary says that 2−3 is equal to −8. Explain what Mary is doing wrong.

Answers

Answer:

2-3=-1

Step-by-step explanation:

Since 2 is only 1 number below 3

ussaully we would do 3-2=1 but this is 2-3 so the answer is -1

Oilvie has raised 3,428 to buy toothpaste to place in care packages. Each tube cots $2 about how many tubes of toothpaste can she buy

Answers

3428/2=1714

She can but 1714 tubes of toothpaste.

what is the number name for 18.32? A.eighteen and thirty two tenth B. eighteen and thirty two thousandths C. eighteen and thirty two hundredths

Answers

Answer:

C. eighteen and thirty two hundredths

Step-by-step explanation:

Answer:

A

Step-by-step explanation:

what is the vertex of Y=4x²+8r-2

Answers

Answer:

(0,1),(0,-1)

Step-by-step explanation:

Sorry, don't know explanation.

help me pls pls pls

nonsense=report

nice answer=brainles

pls dont waste my point
​​

Answers

Step-by-step explanation:

Perimeter Area30 inches ( 10+5 x 2 ) 1600 m ( 400 x 4 )

Antonio is buying milk for a breakfast event. Each container of milk costs $3. He must spend $12 or less on milk for the event.

Write an inequality to represent, c, the number of containers of milk he can buy.
Could Antonio buy 4 containers of milk for the event?

Answers

Answer:

$12>_$3x4

Step-by-step explanation:

$12/$3=4 containers of milk

so yes he can buy 4 containers of milk for the event

which expression would be easier to simplify if you use the associative property to change the grouping?


A: 0.85 + [0.15+(-1/3)]
B: 1+[3/4+(-1/4)]
C: [(-1/3) + +(-2/3)] + (-4/5)
D: (160 + 40) + 27

Answers

the answer is D because it’s more simple

20 points please help.

A large group of students took a test in physics and the final grades have a mean of 70 with a standard deviation of 10. If the graph of the scores has normal distribution, what percentile would a student be in if they earned an A on the test? (a is a score ≥ 90)

Answers

Answer:
The student's score closest to 91 percentile.

Step-by-step explanation:

Since the scores on the standardized test are approximately normally distributed, we would apply the formula for normal distribution which is expressed as

z = (x - µ)/σ

Where

x = test scores.

µ = mean score

σ = standard deviation

From the information given,

µ = 480

σ = 90

If a student has a score of 600, then x = 600

For x = 600,

z = (600 - 480)/90 = 1.33

Looking at the normal distribution table, the probability corresponding to the z score is 0.91

the student's score closest to 91 percentile.

The graph of the scores has normal distribution and percentile would a student be in if they earned an A on the test is 97.72%

What is Normal Distribution?

An example of a continuous probability distribution is the normal distribution, in which the majority of data points cluster in the middle of the range while the remaining ones taper off symmetrically toward either extreme. The distribution's mean is another name for the centre of the range.

Normal distributions are symmetric, uni-modal, and asymptotic, and the mean, median, and mode are all equal

A data set (when graphed) must follow a bell-shaped symmetrical curve centered around the mean

Given data ,

To determine the percentile a student would be in if they earned an A (a score ≥ 90) on the physics test, we need to calculate the z-score corresponding to the score of 90 and then find the percentile associated with that z-score.

The z-score is a measure of how many standard deviations a particular value is away from the mean in a normal distribution

z = (x - μ) / σ

where x is the value, μ is the mean, and σ is the standard deviation

In this case, we have:

x = 90 (the score for an A)

μ = 70 (the mean)

σ = 10 (the standard deviation)

Plugging these values into the z-score formula

z = (90 - 70) / 10 = 20 / 10 = 2

The z-score of 2 indicates that the score of 90 is 2 standard deviations above the mean in a normal distribution

The percentile associated with a z-score of 2 is approximately 97.72%

Hence , if a student earned a score of 90 or above on the physics test, they would be in the 97.72th percentile

To learn more about normal distribution click :

https://brainly.com/question/17199694

#SPJ2

If the mean of a given dataset is 131 and the standard deviation is 8, where will a majority of the data lie?

A. 123 to 139
B. 131 to 139
C. 123 to 131

Answers

Answer:

A

Step-by-step explanation:

The reason it has to be A is because you don't have to even thing about the standard deviation right here because the only answer that has a mean of 131 is answer A.


Hope it helps have a great afternoon:)

It’s B hope it helped

Thx guys (i will vote brainliest)

have an awesome day
djkal;fjkdla;jkdfl;ghkjhkjlhklkjlhkjl

Answers

Answer: That would be B!

Explanation:

How many terms are in the expression 4a'b - 5ab2 + 1? a) 3 b) 5 c) 7 d) 9​

Answers

Answer:

A, 3

Step-by-step explanation:

A term can be a constant or a variable or both in an expression.

In this expression we can consider 4ab, 5ab^2, and 1 to be terms.

+ (−) =

n =
HELP MEEEEEE PLSSS

Answers

Answer:

-

Step-by-step explanation:

a positive multiplied by a negative will always give you an answer of a negative number. thats the only logical answer i can think of

Answer:

n = -

Step-by-step explanation:

Note that:

Negative + Negative = Positive

Negative + Positive = Negative

Positive + Positive = Positive

Solve:

Given problem:

+ (-) =n

Hence, n = -

~Lenvy~

Paxton multiplied 2/3 and 5/8 and came up with 30/24. What mistakes did Paxton make and what is the correct answer to Paxton's math problem?

Answers

Step-by-step explanation:

Paxton multiplied 2/3 times the 5 in the numerator. Then he multiplied the 3 and 8 in the denominator.

The correct way to solve this problem would be to multiply the numerators and then multiply the denominators. This would give you 10/24. You can then divide the numerator and deonminator by 2 and get 5/12.

Which graph represents the inequality y<−1+2x?

Answers

Answer:

choice c

Step-by-step explanation:

C, because the equation of the line matches the equation in the question & the shaded region is under the line, representing that it is less that the equation.

Someone solve this plz

Answers

Answer:

z= 23°

y= 120°

Step-by-step explanation:

For z, the measures of the angles are alternate interior angles, they equal each other. So, the equation would be:

66= 3z-3

Step 1- Add 3 to both sides.

66= 3z-3

+3       +3

69= 3z

Step 2- Divide both sides by 3.

69= 3z

3     3

z= 23°

For y, the measures of 66 and y are alternate exterior angles, they sum up to 180 degrees. So, the equation would be:

180= 60+y

Step 1- Subtract 60 to both sides.

180= 60+y

-60   -60

y= 120°

Hope this helps!

Jaime has 636 blocks. About how many blocks does he have ?

a. 500

B.600

C.700

D.800

Answers

Answer:

B.) 600

Step-by-step explanation:

if you are rounding to the nearest hundred value you would get 600 because the 3 in 638 will round down to 600

it can not be A because it is to far down from the number line

it can not be C or D because they are to far up on the number line

So the correct answer has to be B-600

if the 2nd number is 5 or more you will always round up.

if the 2nd number is 4 or less you will have to round down.

After rounding off Jaime has (B) 600 blocks with him.

What is rounding off?When a number is rounded off, its value is maintained but is brought closer to the next number, simplifying the number. For entire numbers as well as decimals at different places of hundreds, tens, tenths, etc., it is done. The crucial figures are preserved when numbers are rounded off. to reduce the number of significant digits in a number to an approximate value. Round off the numbers 15.4 to 15, 15.51 to 15.5 or 16, 0.499 to 0, and 970,000 to 1 million.

So, rounding off 636:

We can easily tell that after rounding off, the number of blocks will be:

600

Therefore, after rounding off Jaime has (B) 600 blocks with him.

Know more about rounding off here:

https://brainly.com/question/28128444

#SPJ2

The correct question is given below:

Jaime has 636 blocks. after rounding off how many blocks does he have?

A. 500

B.600

C.700

D.800

is subtraction associated in rational number ? explain with an example.

Answers

Answer:

No, subtraction is NOT associative in rational numbers.

Step-by-step explanation:

Step-by-step explanation: We are asked to state whether subtraction is associative in rational numbers or not. To explain with an example. The subtraction is NOT associative in rational numbers.

2 2/3 * 4 1/2=
MIXED NUMBER ANSWER PLS!
12 POINTS!

Answers

Answer:

12

Step-by-step explanation:

1. Is (2, 4) a solution of the equation y = x - 2?​

Answers

Answer:

No.

Step-by-step explanation:

If you plug in the numbers for the X and Y value, you will not receive the correct answer.

y = x - 2

(2, 4)

4 = 2 - 2

So, NO (2, 4) is NOT a solution of the equation y = x - 2.

This would only work if you were using addition instead of subtraction.

CAN SOMEONE HELP ME OUT PLEASE AND THANK YOU

Answers

The answer is A,hope this helps

Answer:

second option

Step-by-step explanation:

The area (A) of a rectangle is length × width , thus

A = (4x + 8)(2x + 3) ← expand factors using FOIL

   = 8x² + 12x + 16x + 24 ← collect like terms

   = 8x² + 28x + 24

helppppp pleaseeee ❤️ !!

Answers

Answer: The largest would be 14, middle would be 7/40, and 0.71 would be smallest.
Other Questions
What circumstances must be in place for there to be a lunar eclipse?. Ryan is mowing lawns. It takes him an hour to mow one lawn. He has already spent hours mowing lawns today. He can only mow today for a total of 5 hours at most. The given inequality can be used to find x, the number of lawns he can still mow today. Which statement is true? A. Ryan can mow no fewer than 7 additional lawns today. B. Ryan can mow no more than 3 additional lawns today. C. Ryan can mow no more than 7 additional lawns today. D. Ryan can mow no fewer than 3 additional lawns today. 4. Passes through (4, -2) and m = 0. after waiting patiently with our cameras, we finally spotted a deer in the forest Write the word sentence as an equation.5 more than a number x is -4.An equation isSolve the equation.X = 1) What is the universe made of?2) How did life begin?3) Are we alone in the universe?4) What makes us human?5) What is consciousness?6) Why do we dream?7 Why is there stuff?8) Are there other universes? The cause of America is in a great measure the cause of all mankind. Many circumstances hath, and will arise, which are not local, but universal, and through which the principles of all Lovers of Mankind are affected, and in the Event of which, their Affections are interested. The laying of a Country desolate with Fire and Sword, declaring War against the natural rights of all Mankind, and extirpating the Defenders thereof from the Face of the Earth, is the Concern of every Man to whom Nature hath given the Power of feeling;Why does Paine think Americas cause is the cause of all men? Jamarion SmithWhat did Juan Ponce de Len and Francisco Vsquez de Coronado have in common?O Neither found gold in the areas where they searched.O Neither wanted to spread their religion to the native peoples.O Both found climates that were desirous for future colonizations.O Both consistently battled the native peoples in the places where they settled. 4*b b*4 b*2 (4*b)*2 Identify the three major religions practiced in Africa as well as the location that these specific religions are practiced. What is the effect of repeating the word great in this excerpt? it suggests that feeding troops is a hopeless cause. It illustrates how many nations are actually fighting in the war. It stresses a positive idea and invigorates the audience. It shows what a huge burden has been placed on farmers Mindy had 1/2 of a can of soda left. If she shared it equally with her sister, how much of the can of soda did they each have? Choose the model that represents the answer.A. 1/6B. 1/2C. 1D. 1/4 Jon is riding his bicycle around town. Which part of his ride shows the result of balanced forces? A. when he rides at a constant speed up a hill B. when he speeds up going down a hill C. when he rides at a constant speed while turning D. when he slows down on a level sidewalk 5.4(0.7 + u) = What is the answer? Help me with this question please how would you describe your work environment? Mascular or Feminine The Almer Group announced its decision to merge with Dover Global Solutions. This is an example of a(n): Question 4 of 20 What is the correct definition of a self-assessment? O A. A process of gathering information about yourself in order to make an informed decision. OB. A field of study. O C. A personality test designed to help you make informed decisions based on specific traits. O D. An application sent to colleges to help them determine if you would be a good fit among their student body. SUBMIT People do stuf to the area . Explain how animals is involved What are consistent goals of U.S. foreign policy