Madelyn just graduated from college and owes $15,100 on her student loans. The bank charges a monthly interest rate of 0.2%. If
1 answer:
Answer:
$121
Step-by-step explanation:
A suitable calculator or spreadsheet can tell you the payment amount for the given loan values. The annual interest rate will be 12 times the monthly, rate, or 2.4%. The number of monthly payments in 12 years is 12×12 = 144.
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A calculator shows the monthly payment will be about $121.
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If you want to figure this "by hand," the amortization formula is used.
A = Pr/(1 -(1+r)^-t)
where P is the loan amount, r is the monthly interest rate, and t is the number of months.
A = 15100(0.002)/(1 -(1.002^-144)) ≈ 120.789 ≈ 121
The monthly payment would be $121.
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Answer:
pq = 7
Step-by-step explanation:
Calculate the length using the distance formula
d = √ (x₂ - x₁ )² + (y₂ - y₁ )²
with (x₁, y₁ ) = p(5, 4) and (x₂, y₂ ) = q(- 2, 4)
pq =
=
=
= 7
Applying the equation for the area of the trapezoid, it is found that the height is of 10 cm.
The <em>area of a trapezoid</em> is <u>half the multiplication of the sum of the bases and the height</u>, that is:
For this problem, we have that: , hence:
The height is of 10 cm.
To learn more about area of a trapezoid, brainly.com/question/9918120