1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mezya [45]
3 years ago
14

Chelsea made monthly payments for four years before her $13,440 loan was paid off. The loan had an interest rate of 5.86%, compo

unded monthly. Chelsea paid $156.60 in service charges. To the nearest tenth, what percentage of the total cost of the loan did her finance charges comprise? Round all dollar values to the nearest cent.
Mathematics
2 answers:
lana [24]3 years ago
6 0
Given:
PV = 13,440
i = 5.86% , compounded monthly
t = 4 years

13,440(0.0586/12))/(1-(1+0.0586/12)^-48= 15,109.44 
15,109.44 + 156.60 = 15,266.04
15,266.04 - 13,440.00 =  1,826.04 
<span>1,826.04/15,266.04 = 11.96 % Percentage total of Finance Charge of the total loa</span>
Colt1911 [192]3 years ago
4 0

Answer: 11.9%

Step-by-step explanation:

You might be interested in
Describe how to find the number of 4.00 train tickets you can buy with 32.00
PtichkaEL [24]

Answer:4

Step-by-step explanation:

3 0
3 years ago
Read 2 more answers
Please help A B C OR D​
AlexFokin [52]

Answer:

d

Step-by-step explanation:

8 0
2 years ago
17. MODELING WITH MATHEMATICS Explain how to find<br> the distance across the canyon
kotykmax [81]

Answer:

jhhhhbbbnnnnbbbbbnnnnn

5 0
3 years ago
Byron and Cari are best friends. Byron wants to give a collage photo frame to Cari on her birthday. He measures the photo frame
Gala2k [10]

Answer:

0.133

Step-by-step explanation:

12+18=30 7$per square inch 4÷30=0.133

3 0
3 years ago
Read 2 more answers
On the number line, which month`s temperature will be between April and May?
Over [174]
On the number line, April is represented by the number 15.
On the number line, May is represented by the number 20.

So, we have to find the month that is represented by a number that is between 15 and 20.

March is represented by the number 16, and is between 15 and 20.

So, on the number line, MARCH'S TEMPERATURE will be between April and May.

4 0
3 years ago
Other questions:
  • Simplify the expression
    9·2 answers
  • If 120% is £360 what is 100%
    9·1 answer
  • Heather has a bag of 15 red, 11 orange, 9 yellow, 12 green, 6 blue and 11 purple markers. how many times would you expect heathe
    8·1 answer
  • Simplify 5 to the 5th over 5 to the 8th.
    9·1 answer
  • Find the center and radius of the circle with the equation. Please show work!
    6·1 answer
  • I need help !!!!!!!!!!!
    12·2 answers
  • Can anybody help me with these two questions​
    14·1 answer
  • A hamster you can buy two pounds of ham for $8.50 at a different Ham store ham cost $12.30 for 3 lb which Daily's offers a bette
    8·1 answer
  • (-4f + 9) - (8f + 9) =<br> Math pls help
    13·1 answer
  • The null hypothesis claims that the proportion of community college students who work full-time is 0. 45. The alternative hypoth
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!