Please answer!! will give brainliest
1 answer:
Answer:
3. $3511.31
4. 24 months (2 years)
5. about $9,069.57
Step-by-step explanation:
The attachments show the results from use of a time-value-of-money (TVM) app on a calculator with the given car loan values. Similar functions are available using a spreadsheet.
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<h3>3.</h3>You want the future value of the loan after 14 monthly payments have been made. The balance is 3,511.31 after 14 months.
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<h3>4.</h3>The number of payments required to bring the balance to zero is computed to be about 23.2553. It will take 24 months to pay off the loan. The last loan payment will not be the full amount.
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<h3>5.</h3>The total amount paid is approximately the monthly payment multiplied by the required number of payments:
$390 × 23.2553 ≈ $9,069.57
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<em>Additional comment</em>
The actual amount will depend on when in the last month the last payment is made. (Interest is generally charged on a daily basis when the payoff nears.)
The fourth attachment shows the balance after 23 payments is $99.23. The amount of interest charged for a full month on that amount is ...
$99.23×0.065×(1/12) = $0.54
So, the last payment due could be ...
$99.23 +0.54 = $99.77
The total of 23 regular payments and a last payment of $99.77 is ...
23×$390 +99.77 = $9069.77
If you want accuracy to the penny, it is best achieved by creating an amortization schedule, in which interest charges are rounded to the nearest cent each month.
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Given:
Cost of two donuts and three cookies = $3.30
Cost of five donuts and two cookies = $4.95
To find:
The cost of each donut.
Solution:
Let x be the cost of each donut and y be the cost of each cookie.
Cost of two donuts and three cookies = $3.30
...(i)
Cost of five donuts and two cookies = $4.95
...(ii)
Multiply equation (i) by 2.
...(iii)
Multiply equation (ii) by 3.
...(iv)
Subtracting (iii) from (iv), we get
Divide both sides by 11.
Therefore, the cost of each donut is $0.75.
Answer:
Step-by-step explanation:
So, this question involves you to play around with the numbers and the operations a bit. I've come up with a solution, but perhaps there are others as well.
So, we have:
So, what we can do is, for instance, multiply 4 and 2. Subtract that into 11. And then add the difference to 7. Thus:
This is a true number sentence. Let's do it to make sure.
First, do the operations inside the parentheses.
Multiplication comes first, so multiply:
Again, do the parentheses first. Subtract:
Now add:
So our answer is correct :)
Answer:
- strong negative linear correlation
- -0.986
Step-by-step explanation:
You need to notice that when altitude goes up, temperature goes down. That means the correlation is negative.
The table shows the temperature decrease to be monotonic (nowhere does it go up when altitude increases), so the correlation is strong.
The strong negative correlation number available to you is -0.986.
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If you want confirmation, you can put the numbers into your favorite graphing calculator and tell it to compute the correlation for you.
