Compute the monthly payments for the add on interest loan. The amount of the loan is $8,276.17. The annual interest rate is 5.7%. The term of the loan is 5.5 years.

Answers

Answer 1

The monthly payments for this add on interest loan are of $164.71.

Given Information and Formula Used

It is given that for an add on interest loan,

Principal Amount, p = $8,276.17

Annual Interest Rate, r = 5.7%

Term of the loan, T = 5.5 years

The formula for simple interest is given as follows,

I = (p)(r)(t)/100 ............... (1)

The formula for total amount of add on interest is given by,

A = p + I ....................... (2)

Computing the Interest

Substitute the given values of p, r, and t in the formula (1) of interest to get,

I = (8276.17)(5.7)(5.5)/100

I = 259457.9295/100

I = $2,594.58

Computing the Monthly Payment for Add-on Interest Loan

Substituting the values of p and I in the formula (2), we obtain the total amount as,

A = $ (8276.17 + 2594.58)

A = $ 10,870.75

Monthly payment for the add on interest loan = A/t(in months)

=  $ (10,870.75/66)

= $164.71

Therefore, monthly payments of $164.71 are to be made for the add on interest loan.

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Related Questions

divide 345609875by 13​

Answers

Answer:

26585375

Step-by-step explanation:

Cindy drives her car 25 miles from her workplace to her home. The trip takes 1/2 hour. What is her unit rate in miles per hour?

Answers

Answer:

Unit rate = 50m/h

Step-by-step explanation:

Distance = 25 (x2) = 50                     ( basically make the den 1 and wht

Time = 1/2 hr (x2) = 1hr                      u do to den do to num)

Unit rate = 50m/h

Six consecutive numbers added up to a total of 45 what is the highest of these numbers

Answers

Answer:

11......

Step-by-step explanation:

Just figured what numbers fit..

Do it in my head

The highest number is 10.

Let the numbers be a, a+1, a+2, a+3, a+4 and a+5.

Then, we will add all the numbers and equate them to 45. This will be:

a + (a + 1) + (a + 2) + (a + 3) + (a + 4) + (a + 5) = 45

6a + 15 = 45

Collect like terms

6a = 45 - 15

6a = 30

a = 30/6

a = 5

Smallest number = 5

Then, the largest number will be:

a + 5

Since a = 5

a + 5 = 5 + 5 = 10

In conclusion, the highest number is 10.

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HELP EMERGANCY FAST ANSWERS TIME LIMIT
Assume Sheila's nominal salary increases from $42,000 in 2003 to $69,000 in 2004.
If the Deflator increased from 106 in 2003 to 109 in 2004 and the CPI increased
from 184 in 2003 to 190 in 2004, what was Sheila's percentage increase in real
income?
6

Answers

Answer:

E)

Step-by-step explanation:

1 - (69,000 / 42,000) = .64285 * 100% = 64.3%

cuales son los divisores de 12​

Answers

Answer:

1, 2, 3, 4, 6, 12

Step-by-step explanation:

Answer:

1,2,3,4,5,6,12 esos son

I need help!!!!! Solve for n 6n=72

Answers

Answer:

6n=72

n=72/6

n=12

.....................

Answer:

n = 12

Step-by-step explanation:

n = 72÷ 6

n = 12

thats the answer

Solve the system of equations
negative x plus 2 y equals 2
minus x plus y equals negative 1

Answers

Answer:

Www

Step-by-step explanation:

Answer:

×2y aquel 2minus ×plus y equals negative1

Anna surveyed 300 of the students in her school about their favorite color. 186 students said their favorite color was red. What percentage of the surveyed students said their favorite color was red?
Answer:_________

PLEASE HELP ME!!!

Answers

Answer:

62%

Step-by-step explanation:

I took a fraction and made a decimal which was made into a percentage.

186 ÷ 300 = .62

Check: 62% • 300 = 186

The survey Anna conducted has 62% of students whose favorite color is red.

What is percentage?

The percentage is the value per hundredth. Percentages can be converted into decimal form by dividing them by hundred, Percentage can also be represented as a fraction.

Given that 186 out of 300 students Anna surveyed chooses red as their favorite color.

The percentage of students whose favorite color is red is no. of students whose favorite color is red divided by the total no. of students multiplied by hundred which is,

= (186/300)×100.

= 186/3.

= 62%.

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Matthew has a loyalty card good for a discount at local hardware store. The item he wants to buy is priced at $13 before discount and tax. After the discount and before tax a price is $12.48. Find the percent discount.

Answers

Answer:

Step-by-step explanation:

Your answer

Old price = 13$

New price = 12.48$

DISCOUNT price = 0.52$

Discount rate = 0.52/13 * 100= 4%

Mark it as Brainlist answer. Follow me.

4-58. Lisa plans to retire on her 61st birthday. On her
22nd birthday, Lisa will start saving SA per year for
40 years. Starting on her 62nd birthday, Lisa plans on
withdrawing $10,000 and will continue these annual
withdrawals until the account is exhausted on her 85th
birthday. If Lisa's bank account pays 3% per year, what
annual amount of SA will Lisa need to invest in her bank
account to achieve her retirement goal? (4.10)​

Answers

Answer:

Lisa invest "$2180.81" in her bank.

Step-by-step explanation:

The given values are:

On Lisa's 62nd birthday,

she withdraw = $10,000

The annuity of $A will remain at 3 percent for 40 years. The retirement pension of $10000 lasts 23 years at rate percentage of 3 but begins 40 years later.

⇒  [tex]A\times (\frac{P}{A} ,3 \ percent,40) - 10000 (\frac{P}{A} ,3 \ percent,23)\times \frac{1}{(1.03)40} = 0[/tex]

⇒  [tex]A\times 23.1148 - 10000\times 16.4436\times 0.3066 = 0[/tex]

⇒  [tex]A = 10000\times 16.4436\times \frac{0.3066}{23.1148}[/tex]

⇒      [tex]= 10000\times 16.4436\times 0.0132[/tex]

⇒      [tex]=2180.81[/tex] ($)

Math 1-2 High School please help due in two minutes

Answers

The sum of the interior angle of a rhombus is 360° and each angle is 90°

what does b = help plzz

Answers

Answer:

128

Step-by-step explanation:

Answer:128

Step-by-step explanation:

It is 128 because the WHOLE angle is 180 degrees and if 52 degrees are covered the other remaining is b so 180 degrees-52 degrees is 128 degrees

The mass of a basket containing three balls was 3.64 kg. The mass of the same basket and five balls is 5.26 kg. Find the mass of the empty basket in kilograms?

Answers

Answer:

1.21

Step-by-step explanation:

5.26 - 3.64 = 1.62

1.62 ÷ 2 because the difference between 3 and 5 is two, the mass of one apple is 0.81 because 1.62 ÷ 2 = 0.81

so now we know one apple weights 0.81

if we multiply that 0.81 x 3 it will equal 2.43, so now the three apples alone wiegh 2.43...so now we look at the total weight of the whole basket with three apples, which is 3.64,

3.64 - the weigth of the apples (2.43)

3.64 - 2.43 = 1.21

the basket alone wieghts 1.21

Sorry if that was too long just want you to understand it

These are congruent. What is the measurement of E?

Answers

Answer:

44º

we know the angle measures of angles G and F; they match up with angles L and M meaning angle K is congruent to angle E

e/2 < -1 I need help!!! Ty

Answers

Answer: you cant solve this solution

Step-by-step explanation:

Solve x + 2∕5 = 1∕3 for x.
Question 15 options:

A)

x = –11∕15

B)

x = 1∕15

C)

x = 11∕15

D)

x = –1∕15

Answers

Answer:

D

Step-by-step explanation:

x + 2/5 = 1/3

x = 1/3 - 2/5

x = -1/15

Answer:

-1/15

Step-by-step explanation:

Find volume of a 6mi sphere

Answers

The volume of a 6 mi sphere = V = 4/3 πr³.

¿Cómo se dice 2021 en números romanos?​

Answers

La respuesta es MMXXl

Answer:

MMXXI Hope this helps :)

Step-by-step explanation:

submit your answers in simplest radical form.


help :(

Answers

Answer:

x = 6√2, y = 6

Step-by-step explanation:

This is an isosceles triangle as one angle measures 45° and the other is a right angle, so it measures 90°.

Therefore, you know that y will equal 6.

You have to multiply a by √2 to find x.

6 x √2 = 6√2

Hope this helps!

Answer:

x = 6[tex]\sqrt{2}[/tex]

y = 6

Step-by-step explanation:

in  a 45-45-90 triangle the two legs are equal, so XY = YZ

also, the leg to hypotenuse ratio is 1 : [tex]\sqrt{2}[/tex]

so x = 6 · [tex]\sqrt{2}[/tex]

Suppose that in 6 minutes, 54 gallons of water came out of a pipe. What was the rate in gallons per minute?

Answers

Answer:

9 gallons per minute

Step-by-step explanation:

If there are 54 gallons that came out of a pipe within 6 minutes, then we divide 54 by 6 to get how many would come out in 1 minute.

54/6 = 9.

Line passes through (-5,3) and (-6,-1). Line B passes through (3,-2) and (2,-7). Are the lines parallel? Explain.

Answers

Answer:

No they are not parallel.  

Step-by-step explanation:

You have to figure out the slopes of each set of points. For  (-5,3) and (-6,-1) the slope is 4 and for  (3,-2) and (2,-7) the slope is 5. You can only have parallel lines if the slope is same and the y- ints are different. Here the slopes aren't same.

Sorry If im wrong. Hope this helps!

The two given lines are not parallel.

What is the slope of a line which passes through points ( p,q) and (x,y)?

The slope is the ratio of the vertical changes to the horizontal changes between two points of the line.

Its slope would be:

[tex]m = \dfrac{y-q}{x-p}[/tex]

Slope of parallel lines are same. Slopes of perpendicular lines are negative reciprocal of each other.

We are given that;

The points= (-5,3) and (-6,-1),  (3,-2) and (2,-7)

Now,

For line A, let’s use (-5, 3) and (-6, -1) as the two points. Plugging these values into the formula, we get:

m = (-1 - 3) / (-6 - (-5)) = -4 / -1 = 4

So, the slope of line A is 4.

For line B, let’s use (3, -2) and (2, -7) as the two points. Plugging these values into the formula, we get:

m = (-7 - (-2)) / (2 - 3) = -5 / -1 = 5

Hence, the slope of line B is 5.

Since the slopes of line A and line B are not equal (4 ≠ 5),

Therefore, by the slope the answer will be they are not parallel.

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which phrases represent the expression k/2 - 5

Answers

Answer:

K over two minus five

Step-by-step explanation:

I think?

please solve the question below

Answers

Answer:

x = 5.61

Step-by-step explanation:

Applying the knowledge of similarity between two figures, thus:

Height of flag : height of Tommy = shadow length of flag : shadow o

Length of Tommy

30:5.5 = (25 + x) : x

30/5.5 = (25 + x)/x

30×x = 5.5(25 + x)

30x = 137.5 + 5.5x

30x - 5.5x = 137.5

24.5x = 137.5

x = 137.5/24.5

x = 5.61 (nearest hundredth)

75+11(1777-S)=16,671

Answers

Answer:

s = 268.27

Step-by-step explanation:

simplify: 75+19547-11s=16671

simplify more: 19622-11s=16671

subtract 19622 on both sides: -11s=-2951

divide both sides by -11: s=268.27

Rick buys 18 apples for $13. How much would it cost to buy 24 apples?

Answers

Answer:

$33.23

Step-by-step explanation:

If 18 apples cost $13, this means that each apple costs 1.38461538. To find the cost of 24 apples, multiply that decimal number by 24. You will get 33.2307692308. You can round this to 33.23.

Which of the following is the correct factorization of -y²+y+6?

Answers

Answer:

(−y−2)(y−3)

Step-by-step explanation:

I'm just going to factor it for you.

Factor −y^2+y+6

−y^2+y+6

=(−y−2)(y−3)

Answer:

(−y−2)(y−3)

What are the next three terms in the sequence -27, -19, -11, -3, 5, ...?
A. 13, 21, 29
B. 22, 29, 36
C. 15, 22, 29
D. 8, 15, 22

Answers

Answer:

13, 21, 29

Step-by-step explanation:

the difference is 8

so add 8 to last numbers

Answer:

A

Step-by-step explanation:

u subtract each number by 8 then once u get to 5 u start adding them all by 8

SOLVING THE SYSTEM BY ELIMINATION!

Answers

Distribute the 2 to get the pink box

10x + 2y = 18
Then if we are subtracting the bottom equation from the pink box
10x + 2y = 18
-(10x -7y = -18)
9y = 36
y = 4

Someone please help me I’ll give out brainliest please dont answer if you don’t know

Answers

Answer:

its $63.96

Step-by-step explanation:

Using the formula (b) and replacing the given values:

Sale Price = Original Price - Amount Saved. So,

Sale Price = 79.95 - 15.99

Sale Price = $63.96 (answer).

This means the cost of the item to you is $63.96.

You will pay $63.96 for a item with original price of $79.95 when discounted 20%.

In this example, if you buy an item at $79.95 with 20% discount, you will pay 79.95 - 15.99 = 63.96 dollars.

Answer:

$63.96

Step-by-step explanation:

$79.95 = 100%

The jacket is on sale for 20% off, therefore it is 100% - 20% = 80% or 0.8

0.8 x $79.95 = $63.96

Please mark me brainliest.

hey yall what is 34 x 45 x 567

Answers

Answer:

867510

Step-by-step explanation:

34 x 45 = 1530

1530 x 567 = 867510

hope this helped

The answer is

[tex]867510[/tex]

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Finished lumber can be sold at $270 per 100? board-feet.Requirement 1. Should British Columbia Lumber process raw lumber into its finished? form? Show your calculations.Begin by selecting the formula you will use to make your decision. Then enter the amounts in the formula. ?(Use parentheses or a minus sign when entering? losses.)Incremental revenues-Incremental costs=Gain/(loss) on further processing$15-$170=$(155)Based on? above, British Columbia Lumber should not process raw lumber into its finished form.Requirement 2. Assume that internal transfers are made at 120% of variable cost. Will each division maximize its division? operating-income contribution by adopting the action that is in the best interest of British Columbia Lumber as a? whole? Explain.Begin by calculating each? division's operating income under both actions. Start with the decision to sell as raw lumber. ?(Round your answers to the nearest whole dollar. Enter a? "0" for amounts with a zero value. 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