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cestrela7 [59]
3 years ago
13

evan purchased a boat for $8825. He made a down payment of $2500. He applied for a three-year installment loan with an interest

rate of 10.2%. What is the total cost of the boat after three years
Mathematics
1 answer:
Gekata [30.6K]3 years ago
5 0
The present worth of the boat is $8825. The interest rate is 10.2% and it's not stated whether or not the interest is nominal, so we assume it's annual and effective. We use the formula:
F = P (1 + i)^n
where F is the future worth
P is the present worth
i is the effective annual interest rate
n is the number of years

Substituting:
F = 8825(1 + 0.102)^3
F = 11810.26

The future worth of the boat is 
$11,810.26
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Answer:

Polynomials are classified according to their number of terms. 4x3 +3y + 3x2 has three terms, -12zy has 1 term, and 15 - x2 has two terms. As already mentioned, a polynomial with 1 term is a monomial. A polynomial with two terms is a binomial, and a polynomial with three terms is a trinomial.

Step-by-step explanation:

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3 years ago
What would my final balance be if i put $650 in the bank for 60 months with an interest rate of 6%?
Flauer [41]
Your final balance would be $2,340.

I = Prt
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3 years ago
Katie has 36 coins in her jar (nickels, dimes, and quarters) totalling $4.20. She has twice as many dimes as quarters. How many
Diano4ka-milaya [45]

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I think you need to mutply those. And you will get your answer.

Step-by-step explanation:

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3 years ago
What would be the sum of the lengths of the first and second diagonals rounded to the nearest whole number?
drek231 [11]

Answer:

16.17684994

Step-by-step explanation:

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x^2 = 5^2 + 6^2

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You are given f(x)=-5x2+10x-5
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Answer:

B

Step-by-step explanation:

6 0
3 years ago
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