Jaime needs a new roof on her house. The cash cost is $7500. She decides to finance the project by paying 20% down , with the balance paid in 36 monthly payments of $189.40. (a) What finance charge will Jaime pay? (b) What is the APR to the nearest half percent ?

Answers

Answer 1

Answer:

(a) What finance charge will Jaime pay?

$818.4

(b) What is the APR to the nearest half percent ?

8.5%

Step-by-step explanation:

(a) What finance charge will Jaime pay?

The cash cost is $7500. She decides to finance the project by paying 20% down

Amount paid for down payment = $7500 × 20/100

= $1500

Amount left = $7500 - $1500

= $6000

The balance paid in 36 monthly payments of $189.40.

Hence: $189.40 × 36 = $6818.4

The finance charge = $6818.4 - $6000

= $818.4

(b) What is the APR to the nearest half percent ?

Step 1

Finance charge/ Amount left × 100

= 818.4/6000 × 100

= 13.64

Using the APR table:

The APR to the nearest half percent = 8.5%


Related Questions

How to prove the vertical Angles Theorem

Answers

Answer:

see below

Step-by-step explanation:

Angles opposite each other when two lines cross. (see attached)

in the attached example, the angle a° and b° are vertical angles.

Step-by-step explanation:

[tex]

\underline{\bf{Given\::}}

Given:

\underline{\bf{To\:find\::}}

Tofind:

\underline{\bf{Explanation\::}}

Explanation:

\boxed{\bf{\frac{1}{f} =\frac{1}{v} -\frac{1}{u} }}}}

\begin{gathered}\longrightarrow\sf{\dfrac{1}{-10} =\dfrac{1}{v} -\dfrac{1}{-30} }\\\\\\\longrightarrow\sf{\dfrac{1}{v} =\dfrac{1}{-10} +\dfrac{1}{30} }\\\\\\\longrightarrow\sf{\dfrac{1}{v} =\dfrac{-3+1}{30} }\\\\\\\longrightarrow\sf{\dfrac{1}{v} =\cancel{\dfrac{-2}{30} }}\\\\\\\longrightarrow\sf{\dfrac{1}{v} =\dfrac{1}{-15} }\\\\\\\longrightarrow\sf{v=-15\:cm}\end{gathered}

−10

1

=

v

1

−30

1

v

1

=

−10

1

+

30

1

v

1

=

30

−3+1

v

1

=

30

−2

v

1

=

−15

1

⟶v=−15cm

\boxed{\bf{M \:A \:G \:N\: I \:F \:I \:C\: A\: T \:I \:O\: N :}}

MAGNIFICATION:

\begin{gathered}\mapsto\sf{m=\dfrac{Height\:of\:image\:(I)}{Height\:of\:object\:(O)} =\dfrac{Distance\:of\:image}{Distance\:of\:object} =\dfrac{v}{u} }\\\\\\\mapsto\sf{m=\cancel{\dfrac{-30}{-15}} }\\\\\\\mapsto\bf{m=2\:cm}\end{gathered}

↦m=

Heightofobject(O)

Heightofimage(I)

=

Distanceofobject

Distanceofimage

=

u

v

↦m=

−15

−30

↦m=2cm

Thus;

The magnification will be 2 cm .

[/tex]

A groundskeeper needs grass seed to cover a circular field, 230 feet in diameter.

A store sells 10-pound bags of grass seed. One pound of grass seed covers about 400 square feet of field.

What is the smallest number of bags the groundskeeper must buy to cover the circular field? Explain or show your reasoning.

Help need before 2 hours!!

Answers

Answer:

if the area of a right isosceles triangle is 128. m,what will be the length of the identical side of the triangle

ASAP HELP ASAP HELPPPP

Answers

Answer:

3 or 2 is the answer to the question

Using exponents, what is the simplified form of (−3x 4 y 2 ) 2 ?

Answers

Answer:

Step-by-step explanation:

The chosen topic is not meant for use with this type of problem. Try the examples below.

|−4|+|−4|3+i+(3−2i)(y−3)(y+3)

How many cupcakes can you make with 6 cups of flour?

Answers

Answer:

36 cupcakes if one cup of flour is 6 cupcakes you multiply the amount of flour by 6

HELP PLEASE ASAP
Which of the following are irrational numbers?
55
53
✓20
71
Submit

Answers

Answer: √20

Step-by-step explanation:

4.47213595 (the 5 repeats)

Which of the following equations could represent
the points in the table? Select all that apply.
A y − 11 = −6(x − 0)
B y − 1 = −6(x + 5)
C y + 1 = −6(x − 2)
D y − 7 = −6(x − 3)

Answers

Answer:

A) y - 11 = -6(x - 0)

C) y + 1 = -6(x - 2)

Step-by-step explanation:

Plug in the corresponding x- and y- values in the table into the equations given in the answer choices.

I am going to use (1, 5) from the table.

A) y - 11 = -6(x - 0)[tex](5)-11=-6((1)-0)[/tex][tex]-6=-6(1)[/tex][tex]-6=-6[/tex]

-6 DOES equal 6, so this equation could represent the points in the table.

B) y - 1 = -6(x + 5)[tex](5)-1=-6((1)+5)[/tex][tex]4=-6(6)[/tex][tex]4 \not=-36[/tex]

4 does NOT equal 36, so this equation could not represent the points in the table.

C) y + 1 = -6(x - 2)[tex](5)+1=-6((1)-2)[/tex][tex]6=-6(-1)[/tex][tex]6=6[/tex]

6 DOES equal 6, so this equation could represent the points in the table.

D) y - 7 = -6(x - 3)[tex](5)-7=-6((1)-3)[/tex][tex]-2=-6(-2)[/tex][tex]-2\not=12[/tex]

-2 does NOT equal 12, so this equation could not represent the points in the table.

The only two equations that could represent the points in the table are answer choices A) y - 11 = -6(x - 0) and C) y + 1 = -6(x - 2).

-7x - 4x = 8 -2x - 8x

Answers

Answer:

3x = 8

Step-by-step explanation:

combine all the #x's on the left side

Answer: x= -8

Step-by-step explanation:

-11x=8-2x-8x

-11x=8-10x

-11x+10x=8-10x+10x

-x=8

-x/-1 = 8/-1

Segment RS is an altitude of triangle RTE, the measure of angle SRT=(4x-8) degrees, and the measure of STR=(6x+13) degrees. Find the value of x

Answers

9514 1404 393

Answer:

  x = 8.5

Step-by-step explanation:

The given angles are complementary, so ...

  (4x -8) +(6x +13) = 90

  10x +5 = 90 . . . collect terms

  10x = 85 . . . subtract 5

  x = 8.5 . . . . divide by 10

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Answers

Y intercept at -4 and it will be increasing from left to right because it has a positive slope.

Answer:

2/3x-4

Step-by-step explanation:

I’m dumb too

A Star Wars replica of R2D2 cost $15995. It is on sale for 75% off. What is the discount?

Answers

Answer:

It is now 3,998.75

Step-by-step explanation:

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15,995-11,996=3,998.75

Answer:

$3,998.75

Step-by-step explanation:

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Answers

Answer:

i can explain it to you.

Step-by-step explanation:

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Then you're going to place them on the coordinates that they correspond to. (x,y)

Then for the rotation you're going to move it 90* clockwise which would be right but in the shape of a circle. But you have to connect the dots.

Basically you're just laying it down on its side to the right.

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Answers

The area is 1. Hope this helps.:)

Ms. Pecho currently owes $637.50 simple interest
on a loan of $2500 at an annual interest rate of
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Answers

Answer:

Step-by-step explanation:1

1/2 years which is 1 year and 5 months.

Explanation:

The formula for simple interest is

You can either substitute the given values first and the solve for

T, or you can transpose the formula to have

T as the subject.

T=100xSIPR

T=100 x 637.50

T=100×637.502500×17

T=1.5

As time is always in years, this means it was for

112 years which is 1 year and 5

months

_____ the
clauses in the original

Answers

What do you want to say??

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Answers

y=6x+26



y-y1=m(x-x1)

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Answers

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Step-by-step explanation:

A triangle has the vertices A (-2, 4), B (-2,-2), and C (2,-2). If the triangle undergoes a dilation and has new vertices A' (-1, 2), B'(-1,-1), and C' (1, -1), what is the scale factor?

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Answers

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Step-by-step explanation:

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Answers

Answer:

45 rows will need to be built to hold 1350 cars. (for 30 spaces a row)

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Step-by-step explanation:

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Answers

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Answer:

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Step-by-step explanation:

This is a 5-sided polygon. That means the sum of all the angles must equal 540°.

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Answers

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Step-by-step explanation:

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Answers

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Answers

Answer:

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Step-by-step explanation:

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x+5=0

x=-5

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Answers

Answer:

Step-by-step explanation:

10 points
The cost of renting is $25 per day plus a one-time insurance fee of $50.
Write and solve an inequality to find how many days can the car be
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Answers

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What is the slope of the line that passes through points (-4, 5) and (3, -2)?

Answers

Answer:

-1

Step-by-step explanation:

Complete y2 - y1 over x2 - x1 with your given points:

-2 - 5     =        -7

_____          ____

3 - (-4)    =        7

= ⁻⁷⁄₇ = -1   Simplify to lowest term

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Answers

5.40 will be if you round to the nearest hundredth

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Answers

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Step-by-step explanation:


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Answers

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Answers

Answer:

witha decimal? to

Step-by-step explanation:

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