Calculate the monthly payment for a loan of $7,500 with an 11% interest rate compounded monthly over a period of 5 years.

Answers

Answer 1

Answer:

Option b - $163.07

Step-by-step explanation:

Given :  A loan of $7,500 with an 11% interest rate compounded monthly over a period of 5 years.

To find : Monthly payment

Solution : Formula to find monthly payment

Monthly Payment = Amount / Discount factor

Discount factor

where ,

Amount = $7500

Rate= 11%=0.11

Time = 5 years

Now, put i and n in Discount factor ,

Monthly payment,

Therefore, Option b is correct monthly payment = $163.07

Answer 2

Answer:

The answer is $163.07

Step-by-step explanation:

To find the monthly payment:

[tex]i = \frac{0.11}{12} = 0.0091[/tex]

Time = 5 years

5 x 12 = 60

Discount factor

[tex]D = \frac{1-(1 + i) -^{n}}i[/tex]

[tex]D = \frac{1 - (1+ 0.009)-^{60} }{0.009} \\[/tex]

[tex]D = \frac{0.421}{0.009} = 46.77[/tex]

Monthly payment

[tex]\frac{7500}{46.77} = $163.07[/tex]


Related Questions


In parallelogram BKMH (angle)K = 6x – 15 and (angle) M = 2x + 19. Find the degree measure of angle B

Answers

Answer: 63

Step-by-step explanation:

-3 1/4 x+25 =2 1/4x-13 1/2

Answers

Answer:

x = 5348/45

Step-by-step explanation:

plant a starts from 2 incher and grows at a constsnt rate of 3 inches every 4 week

Answers

What’s the question

Triangle A has side lengths 2, 3, and 4. Triangle B has side lengths 4, 5, and 6. Is Triangle A similar to Triangle B ? (will give brainliest)

Answers

Answer:

No

Step-by-step explanation:

Does the system of equations below have no solution, 1 solution, or infinite solutions

= 2 − 1

= 2 + 4

Answers

Answer:

no solution

Step-by-step explanation:

y = 2x - 1 → (1)

y = 2x + 4 → (2)

substitute y = 2x - 1 into (2)

2x - 1 = 2x + 4 ( add 1 to both sides )

2x = 2x + 5 ( subtract 2x from both sides )

0 = 5 ← not possible

This indicates the system has no solution

Question 10 (2 points)
D=M/V



Toy car has a mass of 250grams and a volume of 50cm3. What is the density?

a
9g/ml
b
9g/cm3
c
5g/cm3
d
5g/ml

Answers

Answer:

D

Step-by-step explanation:

mass =250 g abd volume = 50cm^3 = 50 ml

Density = mass/volume

Density = 250/50 =5 g/ml or 5g/cm^3

help meeeeeee ASAP A triangle has side lengths of (r−10s) centimeters,(3r+2t) centimeters, and 2t−6s) centimeters. Which expression represents the perimeter, in centimeters, of the triangle?
−8s+4r−4t
−14st+6rt
4r+4t−16s
5rt−9rs−4st

Answers

The expression that represents the perimeter in centimetre of the triangle is  4r - 16s + 4t

Perimeter of a triangle

Perimeter of a triangle is the sum of the whole sides. The triangle has three sides. Therefore, the perimeter is the sum of the three sides.

The side length are as follows;

r - 10s3r + 2t2t - 6s

Therefore,

perimeter = r - 10s + 3r + 2t + 2t - 6s

combine like terms

perimeter = r + 3r - 10s - 6s + 2t + 2t

perimeter = 4r - 16s + 4t

learn more on perimeter here: https://brainly.com/question/24661271

Answer: If you use this equatin you can g3et to the number of 8343 this isvvery truie and you shoould mark it on your paperthank you mysos n

Step-by-step explanation:

Help.: 'A triangle has the side lengths shown.'
'Write an expression in simplest form that represents the perimeter of the triangle.'

Answers

Answer:

[tex]9x + 30[/tex]

Step-by-step explanation:

Perimeter is the sum of all sides so just add the length of all the sides together.

Remember to expand 4(x+3)

What is the perimeter of a square if its area is 50 cm??

Answers

Answer:

28.4 (rounded)

Step-by-step explanation:

7.1 times 7.1 is 50. To calculate area, you need to multiply 2 of the sides. so, that is the side length.

then, you multiply it by 4 for all four sides. that would be 28.4.

Answer:

54 or 30

Step-by-step explanation:

Perimeter is adding all the sides together. Area is multiplying LxW and 50 can be gotten by multiplying 5 by 10, or 25 by 2. So if you went by 5x10, both lengths would be 5 and the widths would be 10 or vice versa. Same goes for if you multiplied 25 by 2.

Karen spent half of her weekly allowance playing mini golf. To earn more money her parents let her wash the car for $9.

What is her weekly allowance if she ended with $15?

Define the variable :

Write an equation with the variable to represent the situation:

Solution (value of the variable) :

Answers

Answer:

$12

Step-by-step explanation:

(1/2)allowance plus 9 = 15

1/2x + 9 = 15

allowance is $12

Jan says that 2 is between 0 and 3/4 on a number line. Do you agree? Why or why not?

Answers

Answer:

No

Step-by-step explanation:

2 is a positive whole number with a value greater than 1. 3/4 is NOT greater than 1. So 2 is greater than both 0 AND 3/4 and cannot be between the two numbers.

No, Jan is wrong because 2 is not in between 0 and 3/4 on a number line.

What is Number line?

Number line is a horizontal line where numbers are marked at equal intervals one after another form smaller to greater.

Given that;

Jan says that 2 is between 0 and 3/4 on a number line.

Here, The numbers on the number line are 0 and 3/4.

⇒ 3 / 4 = 0.75

So, We get;

⇒ 2 > 0

And, 3/4 < 2

Thus, The number 2 is not in between 0 and 3/4 on a number line.

Learn more about the number line visit:

brainly.com/question/28223520

#SPJ2

which equation make the line shown here?
y=-5(x-2)-1
y=-5(x+2)-1
y=-5(x-1)-2
y=-5(x-3)+4
y=-5(x+3)+4
y=-5(x+4)-3​

Answers

Answer:

y= -5(x+3)+4

Step-by-step explanation:

Describe how the graph of f ( x ) = 1 x + 5 will differ from the graph of g (x) = 1/x

Answers

Answer:

parent function is the simplest form of the type of function given.

The transformation from the first equation to the second one can be found by finding , , and for each equation.

Find , , and for .

Find , , and for .

The horizontal shift depends on the value of . The horizontal shift is described as:

- The graph is shifted to the left units.

- The graph is shifted to the right units.

Horizontal Shift: None

The vertical shift depends on the value of . The vertical shift is described as:

- The graph is shifted up units.

- The graph is shifted down units.

Vertical Shift: None

The sign of describes the reflection across the x-

Find the length of the longer diagonal of this parallelogram.

Answers

Answer:

10.8

Step-by-step explanation:

Rounded to the nearest tenth

The length of the longer diagonal of this parallelogram is 10.8.

What are the definitions and properties of a parallelogram?

A parallelogram is a rectangle with two pairs of parallel sides. The lengths of the opposite sides of the parallelogram are equal, and the angles of the opposite sides are the same. Also, the internal angles on the same side of the transversal are complementary. The sum of all internal angles is 360 degrees.

A parallelogram is a simple (non-self-intersecting) quadrilateral with two pairs of parallel sides. The lengths of the opposite or opposite sides of the parallelogram are equal, and the angles of the opposite sides of the parallelogram are equal.

Learn more about parallelogram here: https://brainly.com/question/970600

#SPJ2

HELP ASAP.....NO LINKS AND NO TROLLING PLS

How the equation changes
Flip over x-axis: __________ the entire function by a negative number

Flip over y-axis: __________ every x in the function by a negative number

Answers

Answer:

When you flip over the the x-axis, the y-coordinate becomes the additive inverse. I.e. ; if I flipped over the x-axis, a (x,4) would become (x,-4). When you flip over the y-axis the x becomes the additive inverse. (x,4) will become (-x,4)

Step-by-step explanation:

If this helped you, you're welcome. If you have any questions, LMK.

Have a good day, and good luck! ⭐

Kevin claims that the smallest angle of rotation through the center of a regular 15-gon that carries it onto itself is 156° since 180(15−2)15=156. Decide if Kevin is correct. If Kevin is correct, enter 156 below. If Kevin is incorrect, enter the correct value of the smallest angle of rotation through the center of a regular 15-gon that carries it onto itself.

Answers

Answer:

Step-by-step explanation:

The formula for calculating the interior angle of a polygon is expressed as;

sum of internal angle = (n-2)180 where;

n is the number of sides of the polygon in consideration.

Given a 15 sided polygon, n = 15

sum of internal angle = (15-2)180

sum of internal angle = (13)180

sum of internal angle = 2340

Hence kevin is wrong, the correct answer is 2340

there is a loss of 20% by selling a photocopy machine for rs 60000 at what price will the machine be sold to gain 12% find it

Answers

Answer:

Step-by-step explanation:

Loss is 20%

S.P=Rs60000

C.P=S.P*100/100-loss%

=60000*100/80=Rs75000

So he brought is at Rs75000

Now he wants 12% profit

So

S.P=(100+profit%)/100*C.P

=100+12/100*75000

=112/100*75000=Rs 84000

He will have to sell Rs14000 more to gain profit of 12%

What is the area of this composite figure

189.25 in2

228.5 in2

150 in2

78.5 in2

Answers

Answer:

189.25 in²

Step-by-step explanation:

First, let us find the area of the rectangle.

Area = Length × Width

        = 15 in × 10 in

        = 150 in²

Then let us find the area of the semicircle.

Area = [tex]\frac{1}{2}[/tex] × π r²

         =  [tex]\frac{1}{2}[/tex] × 3.14 × 5 × 5

         = 0.5 × 3.14 × 25

         = 1.57 × 25

         = 39.25 in²

Now let us find the total area of the composite figure.

Total area = Area of the rectangle + Area of the semi-circle.

                 = 150 in² + 39.25 in²

                 = 189.25 in²

What is the greatest six-digit number that can be written using all six digits below?
948285

Answers

Answer:

988542

Step-by-step explanation:

Highest numbers first because they hold greater values.

Hope this helps! Please let me know if you need more help, or if you think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!

what is the product of? (2x - 1)(x + 3)

Answers

2x^2 + 5x - 3
You F.O.I.L it out and you get that. The ^2 means squares in case you didn’t know :)

Can someone add all this up?

Answers

Question :-

Find the total area .

Answer:-

First way :-

Simple addition :- Add all the area for the solution

[tex]180 + 180 + 48 + 48 + 48 + 48 + 48 + 96 + 96 + 144 = 936 \: ft {}^{2} [/tex]

Second method:-

Take common and then multiple and then add

[tex]180 + 180 + 48 + 48 + 48 + \\ 48 + 48 + 96 + 96 \\ taking \: common \: out \: \\ 180(1 + 1) + 48(1 + 1 + 1 + 1 + 1) \\ + 96(1 + 1) + 144 \\ 180(2) + 48(5) + 96(2) + 144 \\ (360 + 240 + 192 + 144)( {ft}^{2} ) \\ 936 {ft}^{2} is \: your \: total \: area[/tex]

A cylinder has a base radius of 10in and a height of 10in. What is its volume in cubic
in, to the nearest tenths place?

Answers

Answer:

3141.59

Step-by-step explanation:

V=πr2h=π·102·10≈3141.59265

Answer my question in the image please :)

Answers

Answer:

B

Step-by-step explanation:

I hope this helps! :) If you need an explanation, let me know. Other than that, have a lovely day!! <3

A(2;3) is ok on B and C

B(2 ; 6) is ok on B

C (8 ; 7) is ok on B as well

and

D (8 ; 3) is ok on B

=> B

Please help me with this question.. please.

y= 30,000x - 2000
y= -2000x +30,000

Answers

Answer:

y = -2000x + 30,000 is the correct answer.

Step-by-step explanation:

For slope intercept equation we first determine the intercept on the axis.

The intercept is a constant value, c, in the slope intercept equation.

In this case, the constant value is 30,000.

Our height, y, is directly proportional to minute,x, taken to descend.

y = mx + c

M is the slope/ gradient which is -2000 since the airplane is descending.

Since the plane descends 2000 feet per minute, its height after 1 minute should be:-

y = -2000(1) + 30,000

y = 28,000

This calculation confirms our above answer.

Subtract 3x-4 from -7x+2 help asap I am on a math assignment and I don’t know the answer

Answers

the answer is :

[tex]-4x-2[/tex]

how to do it:

[tex]3x-7x-4+2[/tex]

[tex]3x-7x-2[/tex]

[tex]-4x-2[/tex]

Can u solve this for me guys

The second exercices are equations

Answers

Answer:

the answer for number one is -2851/5 simplified its -570 1/5 or -570.2

(u can use photo math)

Step-by-step explanation:

What is 8546 divided by 2 [8546/2]

Answers

8546/2 = 4273

Hope this helps!

need help fast----Which equation is y = (x + 3)2 + (x + 4)2 rewritten in vertex form?
y = 2 (x + seven-halves) squared minus one-fourth
y = 2 (x + seven-halves) squared minus one-half
y = 2(x + 7)2 – 73
y = (x + 7)2 – 24

Answers

Answer:

The Answer Is B

Step-by-step explanation:

Took the quiz

Answer:

its B

Step-by-step explanation:

i did the quiz and im verifying the other person's answer :)

Points A, B, C, and D are on the same line segment. The length
of AB is 2 cm, the length of BC is 3 cm, and the length of BD
is 6 cm. Which of the following is NOT a possible order of
points on the line segment?
F. ABCD
G. BACD
H. DABC
J. BADC
K. DCBA

SHOW EXPLANATION

Answers

Answer:

english man english

Step-by-step explanation:

Your annual salary is $28,460 your State personal deductions total $88 for a weekly pay period. The state tax rate is 3.6% of taxable income. The city rate is 1.7% of gross pay. Medical and group life insurance is paid by the company. Social security and Medicare are withheld .Union dues are $156 per year. FIT is $67 per pay period what is your net pay for each weekly pay period

Answers

Answer:

First, in one year you win:

$28,460

Now yearly we can subtract:

3.6% for the taxable income

1.7% for the gross pay:

(Those apply to the complete annual salary)

3.6% + 1.7% = 5.3%

This in decimal notation is 0.053, then paying those two things we have left:

$28,460*(1 - 0.053) = $26,951.62

Now we need to subtract the union dues, which are $156 per year.

$26,951.62 - $156 = $26,795.62

Now, this is yearly, and we want to know the weekly pay.

In one year we have 365 days.

One week has 7 days.

Then in one year, we have:

365/7 = 52.14 weeks.

Then the pay per week is:

$26,795.62/52.14 = $513.92

And now, each week we must pay $88 for state personal deductions, and $67 for FIT.

Then we have:

$513.92 - $88 - $67 = $358.92

Then the net pay for each weekly pay period is: $358.92

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