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3 years ago

Algebra Evaluate each expression for the given value of x

Mathematics

1 answer:

Andrew [12]3 years ago

5 0

Answer:

Step-by-step explanation:

<em>Substitute</em> 7 as x in the original equation, (9x-13)

1) Multiply 9 and 7:

63-13

2) Subtract:

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A fine fabric was selling for $10.50 per half yard. Joni bought 2 1/3 yards. How much did he spend? Brainliest for correct answe

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2 years ago

Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly. What will his balance be after he has made exactly

damaskus [11]

Answer:

The balance be after he has made exactly half of his monthly payments is $56881.4.

Step-by-step explanation:

Given : Dean took out a 10-year loan for $40,000 at an APR of 4% compounded monthly.

To find : What will his balance be after he has made exactly half of his monthly payments?

Solution :

Formula of monthly payment ,

$M=\frac{\text{Amount}}{\text{Discount factor}}$

Discount factor $D=\frac{1-(1+i)^{-n}}{i}$

Where, Amount = $40,000

Rate r= 4% compounded monthly

$i=\frac{4}{100}=0.04$

Time = 10 years

$n=10\times12=120$

Now, put all the values we get,

$D=\frac{1-(1+i)^{-n}}{i}$

$D=\frac{1-(1+0.04)^{-120}}{0.04}$

$D=\frac{1-(1.04)^{-120}}{0.04}$

$D=\frac{1-0.00903}{0.04}$

$D=\frac{0.9909}{0.04}$

$D=24.7725$

$M=\frac{\text{Amount}}{\text{Discount factor}}$

$M=\frac{40000}{24.7725}$

$M=1614.69$

Half of the monthly payment is $807.345

Payment for 10 years is $807.345\times 120=96881.4$

The balance is $96881.4-$40000=$56881.4

Therefore, The balance be after he has made exactly half of his monthly payments is $56881.4.

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